Selling your business is a big decision. It’s important to do it right. The right approach can help you make a lot of money and set you up for the future. A poor approach might mean you lose out. To help you sell your business well, here’s a list of 9 great books. These books cover everything from growing your business to getting the best price when you sell.
1. An Insider’s Guide to Succession and Exit, by Abby Donnelly
Why You Should Read It: Every business owner will exit their business one day. So what does it take to exit well? This book is an easy, fast-paced and engaging read, a no-nonsense roadmap to ensure you exit your business on your terms.
2. Your Multimillion-Dollar Exit, by Wayne M. Zell
Why You Should Read It: Selling your business can be hard but this easy-to-follow planner is designed to help entrepreneurs exit their businesses on their terms. Using real-world examples, checklists, and actionable advice, this book is about selling smart and achieving maximum value for the time and effort you’ve put into your company.
3. The Art of the Exit, by Jacob Orosz
Why You Should Read It: This book contains winning strategies the author learned from more than two decades in the trenches selling businesses. This definitive guide is broken down into 10 simple steps from preparing your business for sale to orchestrating the closing. This handbook contains essential tips for owners of businesses valued from $500,000 to $10 million, a range which tends to be a no-man’s land for business owners when it comes time to sell.
4. Start. Scale. Exit. Repeat., by Colin C. Campbell
Why You Should Read It: Get inside the minds of 30+ experts, authors, and seasoned entrepreneurs and learn from their hard-earned lessons. This book is focused on winning patterns of successful start-ups, from start to exit.
5. The Exit Strategy Handbook, by Jacob Orosz
Why You Should Read It: As a small business owner most of your net worth is likely tied to your company’s value, so maximizing your sale price is critical. You get only one chance this book shows you how to make the most of it. The key is to build a business that buyers want to buy. By preparing for the sale, you’ll significantly increase the odds of receiving the highest price.
6. Founder to Exit: A CFO’s Blueprint for Small Business Owners, by Pam Prior
Why You Should Read It: Drawing on her decades of experience as a finance professional for companies, Pam Prior speaks “Entrepreneur”. In this book she equips small business owners with just enough accounting, forecasting, and leadership to transform chaotic success into sustained, stable growth.
7. Exit Mindset, by Rem Oculee
Why You Should Read It: What if you could boost your profits, free up more time, and secure a higher valuation for your business when you’re ready to sell? In this book Rem Oculee guides you to transform your hard work into a company worth your effort and its deserved exit price. He helps you transition from an “owner mindset” to an “exit mindset” to facilitate results.
8. The Exit-Strategy Playbook, by Adam Coffey
Why You Should Read It: This book is excellent if you want to explore the universe of potential buyers, as the author has spent the last 20 years as CEO of three private-equity-backed national service companies. You’ll learn how to assemble a team of expert advisors to prepare your business for sale and walk through a typical investment-banker-led sale process from start to finish.
9. Permission to Exit, by Ryan Guth
Why You Should Read It: This book is a first step in helping you take action toward the future you’ve always envisioned. It contains relatable storytelling and real-life examples, so complex concepts become more understandable, helping you approach your exit with clarity and confidence.
Wrap-up: Get Ready to Sell Your Business
Selling your business is a big step that needs good planning. The books we talked about can help you sell smoothly and for a good price. These books are useful whether you’re just thinking about selling or you’re already in the process. They’ll give you important tips for a successful sale.
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