Are you a business owner looking to exit your business and maximize its value? Jan Cavelle has been there and done that, successfully. After starting her business on the proverbial kitchen table, she grew it to a decent size with two factories and over 50 people on the payroll. But when her son, the senior salesperson, wanted to move on, Jan found herself in a dilemma. After much trial and error, Jan discovered the Fire Sale Solution and used it to gain financial freedom. In this blog, I will outline in detail the 14 steps Jan Cavelle took to maximize the value of her business when exiting.
Meet Jan Cavelle, a business owner who started on the proverbial kitchen table and built her business up to a decent size with a couple of factories and 50 people working for her at one stage. With a background in sales and being a single mother, Jan faced the challenge of managing her business while her son joined and eventually left the business. Jan explored her Succession Plus UKion options and eventually decided to sell her business with the help of Jeremy Harbor. However, Jan faced several bumps in the road, including a put-up job from a VC, and eventually settled for a fire sale, selling only the brand and assets to her competitor. Through her story, Jan demonstrates the importance of understanding your exit options and gaining the proper knowledge to
Why is it important to maximize the value of my business when exiting?
Maximizing the value of a business when exiting is an important consideration for business owners. It is important to maximize the value of a business when exiting in order to ensure that the most money is received for the business. This is important because it can help to provide the business owner with a financial cushion as they transition out of their business and into their post-business life. Additionally, a higher valuation can also help to protect the business owner’s reputation and legacy. A higher valuation can help to demonstrate that the business was successful and that the business owner was able to achieve their goals. In addition to a financial benefit, maximizing the value of a business when exiting can also help to protect the business owner’s reputation. A higher valuation can help to demonstrate that the business was successful and that the business owner was able to achieve their goals. This can help to ensure that the business owner is remembered in a positive manner and that their legacy is preserved. It can also help to ensure that the business owner is able to receive the recognition that they deserve for their hard work and dedication in running their business.
Jan Cavelle’s experience demonstrates the importance of understanding your exit options and gaining the necessary knowledge to maximize the value of your business when exiting. By exploring Succession Plus UKion options, understanding the potential implications of each option, researching consortiums, and considering offers, Jan was able to make an informed decision and maximize the value of her business when exiting. Jan’s story serves as an inspiration to entrepreneurs who are looking to exit their businesses and achieve financial freedom. With the right knowledge and preparation, you too can maximize the value of your business when exiting and achieve the financial freedom you deserve.
For more on this topic and perspective, check out this episode on Succession Plus Youtube Channel and Exit Insights Spotify.
View jan cavelle’s Linkedin Profile
