Why Agency Owners Rarely Exit Wealthy, And How You Can

Most entrepreneurs start agencies or consultancies for it because of their love of the sport. When I started my brand consultancy back in 2008, the last thing I thought about was the worth of the company, and how I could exit down the line. No, it was all about passion and doing great work for clients. But my attitude, which was just like how more than 99% of entrepreneurs in this space think, cost me a lot.

You might not be thinking about an exit right now, however, at some point we all exit. I mean, we retire, die, or just don’t love our business any longer. Yes, it’s the inconvenient truth. Or, here’s another idea; why not plan for your exit a few years ahead and walk away with a lifetime of wealth?

Yes. It’s possible.

I have been involved in the M&A space through both my consulting company The Simple Company as well as through my investment company Wonder Equity. I’ve had the pleasure of working with lots of entrepreneurs, and what I have learned from looking at their companies is that they have two main problems preventing them from walking away from their businesses with a lifetime of money in their pockets.

First, their business is more or less completely dependent on them. So when they walk away, their business falls apart. No investor will love that scenario.

Second, their business is typically dependent on 1-2 clients for between 40-80% of their income. This is a massive risk, which buyers will discount when making an offer.

There are many more issues that owners need to plan for, some of which I discuss in the video above.

I wrote an ebook that explains how you can EXIT WEALTHY.
You can DOWNLOAD IT HERE.

It explains the top 10 factors you need to plan for in order to create a lifetime of wealth in the next few years (if you already have a business).

If you would like help with selling your business and planning for an exit, please CLICK here and set up a call with me and my team.