Denise Hall talking “How to Shut Down a Start-up” with renegade Collective magazine

Denise Hall talking “How to Shut Down a Start-up” with renegade Collective magazine

by | Dec 18, 2014 | buy | sell websites, EXIT execution, how to sell a business, Sell Your Business, SELL your Mother of a Business

Had a great e-chat with Ann Molloy of the EDITION 17 of the magazine Renegade Collective, part of the collective hub.com a little while back.

What resulted was a most informative inclusion in the current edition of the magazine (the one with George Clooney on the front!), talking about “How to Shut Down a Business“.

It being the discussion piece by an Exit Strategist who knows what to do (namely me), complementary to the fabulous story “Exit Left”, about Nikki Durkin upon announcing the closure of her start-up 90dresses.

Her blog post went viral.
It seems we all want to know: how does it feel with the worst happens?

Key points covered are:

  1. eliminate debt
  2. set a D-Day
  3. care for your crew
  4. tell your customers
  5. sell business assets (including website, contact me to do so…)
  6. tax and legal matters
  7. save, save, save
  8. shut social media (or may be able to sell the parts with the website, see above)
  9. look after yourself

If you find yourself in this position, don’t despair.
I can help if you do not want to do so on your own. Contact me 

Podcast: How to Avoid the Pitfalls of Selling Your Business – a conversation with Lorraine Pirihi

by | Dec 2, 2014 | Consultant EXIT Options, EXIT execution, exit strategy, Finish Unfinished Business, how to sell a business, Listen, Podcast, Sell Your Business, SELL your Mother of a Business, Seniorpreneurship, so you think you're in business, start with the end in mind

Podcast: How to Avoid the Pitfalls of Selling Your Business – a conversation with Lorraine Pirihi by Denise Hall on Mixcloud

I had the pleasure of talking with Lorraine Pirihi, from Relaunch your Life, about what is involved in selling a business and why it is imperative to start the process early.

Yes, that old chestnut. Start with the end in mind, regardless of how old the business is!

There’s much to consider, but the main takeaways are:

  1. Formulate your “A” team
  2. Understand timelines
  3. Be prepared to invest in accessing the specific skills sets you need to help
  4. Get the business sale-ready
  5. Be really clear what you’re going to replace the business with in your life…

If this is a conversation you want to explore further, feel free to contact me on dhall@businessbrokers.com.au

A transcript of the interview is ready to download also…

 

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