The Accidental Entrepreneur to Desirable Exit: A Conversation with Phil Fraser

If you want to sell your business, you need to be clear on your vision and purpose. What is your motivation for selling? What are your goals and objectives? What do you want to achieve? Once you have a clear understanding of your vision and purpose, you can begin to look for a buyer who shares your values and who will be able to take the business to the next level. When you find a potential buyer, it’s important to have a conversation about your vision for the business and what you hope to achieve from the sale. Once you’ve found a buyer who is aligned with your vision, you can begin to negotiate the terms of the sale.

When you’re ready to sell your business, it’s important to find the right buyer. The right buyer will be someone who shares your vision for the business and who will be able to take it to the next level. To find the right buyer, start by having a conversation about your vision for the business and what you hope to achieve from the sale. Once you’ve found a buyer who is aligned with your vision, you can begin to negotiate the terms of the sale.

Phil Fraser is a successful entrepreneur who exited his business after 18 years. He’s now dedicated to helping other business owners prepare for their own exits so they can maximize value and exit on their own terms. His story is an inspirational one for anyone considering selling their business. If you’re considering selling your business, remember to detach yourself emotionally from the outcome, have a clear vision and purpose, and find a buyer who shares your values. With careful preparation, you can maximize value and exit on your own terms.

In this episode, we talked about:

1. The story of Phil Fraser’s journey from accidental entrepreneur to a successful business owner who sold his company to a PLC.

2. The importance of detachment from the outcome when selling a business, and

3. The importance of taking money out of the business along the way, instead of waiting until the sale to do so.

For more on this topic and perspective, check out this episode on Succession Plus Youtube Channel and Exit Insights Spotify.