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Thinking about exiting your business can feel like the end of an era but what if it could be a new beginning instead? In this episode we sit down with Megan Kearney from Exit Factor to unpack what it really means to prepare your business for exit. Whether you're selling, stepping back, or shifting into a strategic role, this episode will open your eyes to exit strategies that honor both your hard work and your long-term goals.
Megan shares key insights on increasing your business valuation, creating systems that make your company attractive to buyers, and emotionally preparing yourself for this next chapter. The conversation dives deep into legacy planning, business optimization, and the importance of building an owner-independent operation. If you've ever felt torn between your identity as a founder and the idea of letting go, this is the episode you didn't know you needed.
Key takeaways to listen for:
You don’t have to sell to exit. There are many ways to transition out of day-to-day operations like placing an operator in charge while still maintaining involvement and earning potential.
Strong fundamentals boost valuation. Clean financials, recurring revenue, diversified clients, and documented systems are crucial to making your business attractive and ready for transition.
Exiting is emotional but manageable. Letting go doesn’t mean abandoning your legacy. It’s about shifting your mindset and preparing for growth in a new, exciting way.
Listen now to gain a new perspective on creating a business that continues to grow and thrive whether you're leading it hands-on or stepping into a new role.
Introducing Megan Kearney
As a women owner and Partner at Exit Factor of Lexington, Megan specializes in empowering business owners with tailored growth strategies and expert exit planning. With a robust background in business management and strategic consulting, she helps clients navigate the complexities of business growth, valuation, and transitions. Her role involves developing customized plans that align with client goals and drive sustainable success. Leveraging Exit Factor's innovative approach and industry-leading tools, she’s dedicated to delivering personalized, results-driven solutions that maximize business value and ensure smooth transitions.
Website - https://exitfactor.com/offices/lexington
LinkedIn - https://www.linkedin.com/company/exitfactorlexington
Facebook - https://www.facebook.com/share/17zbUPmdk7/
Connect with Entrepreneur Encounter:
Instagram: https://www.instagram.com/entrepreneur_encounter/
Host Sara Lowell:
Instagram: https://www.instagram.com/youarerembert/
Website: https://www.youarerembertllc.com/
Host Dana Johnson:
Instagram: https://www.instagram.com/danas.desk.nc/
Website: https://ddvirtualmanagement.com/
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