"This episode was brought to you by Reconciled.com. Helping M&A Entrepreneurs just like you with Bookkeeping, CFO & Controller Services, Outsourced Enterprise Accounting and Tax Services. Reconciled.com"
Watch it on Youtube: https://youtu.be/3N3Bk-JzMtU
About The Guest(s): Dawn Bloomer is a business strategist and former veterinarian. With over 20 years of experience as a racehorse veterinarian, she understands the challenges and opportunities that come with running a professional service practice. Dawn helps service professionals and businesses plan their exit strategies and navigate the complexities of mergers and acquisitions.
Summary: Dawn Bloomer, a business strategist and former veterinarian, shares her journey from being a racehorse veterinarian to helping service professionals plan their exit strategies. She emphasizes the importance of preparing a business for sale and highlights the common challenges faced by professional service practice owners. Dawn also discusses the need for a strong brand and the role of technology in scaling businesses. She encourages professionals to shift their mindset and integrate their work with the rest of their lives.
Key Takeaways:
• Professional service practice owners often lack the necessary business training to prepare their businesses for sale.
• Building a strong brand and transferring goodwill to the brand instead of an individual is crucial for a successful exit.
• Leveraging technology can help professionals scale their businesses and improve customer service.
• The timeline for preparing a business for sale should ideally be 5 to 10 years to maximize options and value.--------------------------------------------------
Contact Dawn on
Linkedin: https://www.linkedin.com/in/dawnbloomer/
Website: http://www.productivepressure.com/
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How2Exit Joins IT ExchangeNet's Channel Partner Network!
-Why IT ExchangeNet?
Since 1998, IT ExchangeNet has created $5 billion in value by selling more than 225 IT businesses in 20 countries. IT ExchangeNet works exclusively with IT-enabled businesses generating between $5M and $30M who are ready to be sold, and M&A decision-makers who are ready to buy. For over 25 years IT ExchangeNet has developed industry knowledge that helps them determine whether a seller is a good fit for their buyers before making a match.
"Out of all of the brokers I've met, this team has the most experience and I believe the best ability to get IT service businesses sold at the best price" - Ron Skelton
The IT ExchangeNet M&A Marketplace we partnered with has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms, and channel partners in the Microsoft, Oracle, ServiceNow, and Salesforce space.
If you are interested in learning more about the process and current market valuations, complete the contact form and we’ll respond within one business day. Everything is kept confidential.
Are you interested in what your business may be worth? Unlock the value of your IT Services firm, visit https://www.itexchangenet.com/marketplace-how2exit and complete the contact form.
Our partnership with IT ExchangeNet focuses on deals above $5M in value. If you are looking to buy or sell a tech business below the $5M mark, we recommend Flippa.
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