#69 The Entrepreneur Whisperer - How To Get Exit Ready with Damian Connolly
Episode description
The pod's strapline is "reverse engineering the formula for successful scale, sale, exit, and life on the other side," and that's exactly what we discuss in this episode—strategically reverse engineering success.
My guest today is Damian Connolly, the founder of a boutique accountancy business that focuses specifically on getting founders exit-ready and maximising their business sale value and terms.
Most business owners only sell once and are often unprepared for the most significant financial transaction of their lives, so our conversation will help you understand the process and what you should consider.
- During the discussion, Damian shares the 5 key issues to focus on several years out from your potential exit—and the one thing that will crush any value if you don’t fix it. And it affects most SME business owners.
- He shares a wild story about a founder he worked with who turned down an offer of £80m, believing his business was worth more, and came to regret that decision - an important lesson in timing and knowing how much is enough.
- He also explains the optimal time to begin your pre-exit journey and the 3-step process he uses when working with entrepreneurs.
If you are running a business, especially if you're maybe 3-5 years out from the sale, you’re going to get a lot out of this conversation.
So now ladies and gentlemen, discussing how to get exit-ready, I give you Mr Damian Connolly.
This podcast is produced by GR Media
Sponsored by Capital Asset Management