Are You Ready to Sell Your Family Business? | Maybe? | 806

Inside BS Show with The Godfather and Nicki G.

Thinking about selling your business? Not so fast. In this episode of The Inside BS Show, Dave Lorenzo walks you through a comprehensive readiness assessment for business owners—especially those running family-owned companies. With decades of experience advising entrepreneurs, Dave shares the 13 critical signs that you might be ready to sell, plus the 7 warning signs that say you're not there yet.

What You’ll Discover Today:

• Four emotional readiness questions every owner must answer before listing their business
• The importance of having a clear “what’s next” plan after exit
• How to know if your business has truly outgrown you
• The key operational and financial markers that increase buyer interest
• What recurring revenue, clean books, and SOPs say about your value
• The danger of customer and supplier concentration
• Why you must diversify your wealth before selling

Key Takeaways:

• Selling a business isn't just about the money. Emotional readiness plays a huge role.
• If you can leave your company for 90 days and it runs without you, you likely have a sellable asset.
• Buyers want predictability. Recurring revenue, systems, and tight financials are essential.
• Skeletons in the closet—legal, compliance, or HR—must be addressed before going to market.
• Whether you're selling or handing the business to the next generation, these checks still apply.

Links & Resources:

• Watch our episode on SOPs and scaling your company
• Connect with Dave: GetInsideBS.com

Subscribe and Share:
If you're a family business owner, advisor, or entrepreneur, hit subscribe and share this episode with someone who's on the fence about exiting.