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These 4 Factors Will Determine the Biggest Payday of Your Entrepreneurial Career

1 50 173
16.08.2021

Did you know that, for most entrepreneurs, over 50% of all the money they will make from owning their business comes on the day they sell it? Being your own boss is great and all, but there may come a day when you want to move on and find your next adventure.

These days, billion-dollar software companies aren’t the only businesses being acquired. In fact, investors are foaming at the mouth to buy businesses just like yours. Amazon-business acquirer Thrasio just became the fastest unicorn on record, and other acquisition firms like Boosted and Perch are scooping up well-oiled operations right and left. If your numbers are tight and right, a hefty payday could be right around the corner for you.

Related: Is Now the Time to Sell Your Business?

A record number of trademarks were filed last year, which means that more people are establishing businesses and brands than ever before. Some of these companies will go on to become unicorns, whereas many others will fail. But what about the ones in between that build a successful business and eventually get acquired? And what does your business need to have in place to be attractive to investors and get a good offer?

I have built, bought and sold over half a dozen companies myself over the years, and now spend my days advising other business owners on how to do the same. I recently wrote The EXITpreneur’s Playbook to........

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