The Leaky Bucket
Welcome to The Leaky Bucket Podcast
Hosted by Ian Morgan
Welcome to The Leaky Bucket Podcast, your go-to source for essential accounting tips and tricks tailored for entrepreneurs and business owners. Hosted by Ian Morgan, an accountant and business owner with over 15 years of experience, this podcast is designed to help you improve your financial controls and gain the financial clarity you need to succeed.
Ian brings his wealth of knowledge and practical insights to demystify accounting, making it engaging and accessible. Whether you’re just starting out or looking to refine your financial strategies, The Leaky Bucket Podcast delivers real, actionable advice that you can implement immediately.
Say goodbye to the boring side of accounting and hello to a deeper understanding of the language of business. Tune in and let’s plug those financial leaks together!
The Leaky Bucket
RANK 12: How to Prepare a Business for Exit with Darryl Bates - Brownsword of Succession Plus
Darryl is a dynamic, driven Business Consultant and Coach with over 20 years of experience and passion for creating successful outcomes for founder-led businesses.
He is a great connector, team builder, problem solver, and inspirer — showing the way through complexity to simplicity.
Darryl together with his team raise awareness of the fact that as a business owner, if you want to get the most from your life’s work and exit on your terms, then you need to prepare for exit and make your business attractive for a buyer.
The problem that occurs when this doesn’t happen is that;
· Only 10-40 % of businesses that go to market actually get sold!
· And, of those that do get sold, the deal is structured in a way that means the owners have to work through an ‘earn out’ period to realise full valuation.
· And more that 50% of these earnouts don’t get completed either because the goal posts are moved, or the owners have run out of energy.
This can be avoided if your business is exit ready, de-risking the deal for both the owners and the buyers.
In this Episode Darryl generously gives his expertise in Preparing a Business for an Exit.
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If you like to learn more on what DARRYL do, head on to his socials:
Website
LinkedIn
We hope you enjoyed this episode
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