91: How Businesses Get Sold for Millions with Chris Younger

<p>If you’re a new entrepreneur, it may seem like a dream to <strong>sell a business for millions</strong> of dollars. People like <strong>Chris Younger</strong>, make that dream a reality. Chris founded <a href="https://www.classvipartners.com/" rel="noopener noreferrer" target="_blank">Class VI Partners</a>, an investment bank that helps entrepreneurs<strong> plan and prepare businesses for sale</strong>. Chris will be the first to admit that selling isn’t an easy process, it takes time, patience, and a lot of documentation.</p><p>Chris compares selling your business to <strong>running a marathon</strong>: you need to be in it for the long haul to finish strong. He helps owners reach a price point that works for their future, and helps create the processes around selling that enable a <strong>new owner to carry the business</strong> to new heights. For many owners, success in selling comes from <strong>doing the hard work upfront</strong>, not putting it off for your future self (and employees) to deal with.</p><p>So why would an entrepreneur want to sell? Maybe it's <strong>personal timing</strong> and they feel like they’ve given the business as much as they possibly can. It also could be <strong>business timing</strong>, the business may be seeking a new change in direction. Or it could be <strong>buying timing</strong>, a buyer comes in with the right offer, the right ability, and makes the sale.</p><p>Whatever a reason for selling a business, a business owner needs to be <strong>prepared for their business to sell</strong> at some point. So even if you’re just starting out, hearing words of wisdom from Chris may net you a few more million dollars!</p><p>Check the full show notes here: http://biggerpockets.com/bizshow91</p>