156: Building Your Business With Exit Strategy In Mind, Mike Malatesta Succession Stories podcast

156: Building Your Business With Exit Strategy In Mind, Mike Malatesta

6M ago 37:46

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Host Laurie Barkman, The Business Transition Sherpa, talks with Mike Malatesta, CEO of LJP Waste Solutions. Over the past 30 years, Mike's experienced the highs and lows of entrepreneurship. He built and sold two waste recycling companies that grossed more than $500M. He’s also an author, podcaster, and advisor to business owners.

Mike talks about the unexpected death of one of his business partners due to a workplace accident. Dealing with the loss was challenging and accelerated their interest in a potential exit.

You’ll want to hear why Mike believes entrepreneurs should not sell their business without the help of advisors and the mistake that cost him $4 Million.

For a successful exit, reflect on where you are now, what you want, and what the first step is to move towards that goal.

Listen in to learn more about:

Why entrepreneurs should not sell their business on their own
What triggered a $4M reduction in purchase price from the strategic buyer
Why due diligence when selling your business can be overwhelming
Selling a business, negotiation mistakes, and lessons learned
Avoiding negotiation pitfalls when selling your business

Show links:

Join the Endgame Entrepreneurship Masterclass:

https://thebusinesstransitionsherpa.com/course/

Download free digital copy of Laurie's book, “The Business Transition Handbook” or grab your copy on Amazon:

https://thebusinesstransitionsherpa.com/the-business-transition-handbook/

Join Our Facebook Group:

https://www.facebook.com/groups/businesstransitionsherpa

❤️ Show us the love on Rate This Podcast:

https://ratethispodcast.com/successionstories

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Laurie Barkman guides entrepreneurs to create life changing succession stories. Dramatically increase enterprise value and build with your exit in mind.

Find clarity on the often overwhelming process of transition planning. Visit https://thebusinesstransitionsherpa.com to schedule a conversation and get started.

174 episoder