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Podcast: James Schramko Podcast
Episode: 1099 - Sell or Keep your Business?
Description: 02:24 - Deciding when to sell your business requires a tailored approach, as motivations vary widely from financial gains to emotional readiness.04:59 - While the financial appeal of selling a service business is straightforward, many overlook the complexities of the process.07:13 - Buyers of small businesses rarely pay the full amount upfront. Payments are often staggered or tied to performance, requiring careful business exit planning.08:55 - Selling to escape risk can be valid, but only if the buyer assumes that risk rather than the seller tying their exit to performance-based payouts.10:46...