#573 How to Exit Your Business The RIGHT Way w/ Chris Van Dusen

In this episode of the Main Street Business Podcast, Mark J. Kohler welcomes Chris Van Dusen to unpack the biggest mistakes business owners make when trying to sell—and how to avoid them. From cleaning up your books to understanding your true enterprise value, this is your roadmap to a smarter exit.

Here are some of the highlights:

• Mark and Chris explain the concept of enterprise value, differentiating it from lifestyle businesses.
• Chris emphasizes the importance of understanding the market and strategic fit for a business looking to sell.
• Mark and Chris discuss the significance of replacing oneself in a business to increase its value.
• Chris introduces the term EBITDA and its role in determining business profitability.
• Mark shares his experience with clients who decide to stay in their business after preparing it for sale.
• How multiple businesses can be combined to create a larger, more efficient entity.
• Discussion on the role of investment bankers in helping businesses prepare for sale.
• Chris advises being prepared for the emotional transition and having a plan for the next chapter.

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