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How To Successfully Exit Your Business And Find Your Next Purpose
Manage episode 347938474 series 2867113
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Selling your business is tough. There is lots to consider both in your business and in yourself. Garret Turley has personally exited his business and helped multiple other do the same very successfully. In this episode he walks you through many of the things that he has learned.
Here is Garret’s story:
Garret qualified as a veterinary surgeon from Cambridge University and, after a few years as a practicing vet, co-founded Pet Doctors, one of the first buy-and-builds in the UK veterinary clinic market in 1998. After a successful exit to trade in 2010 he shifted to the private equity world and was a partner at Bridges Fund Management for 6 years followed by 4 years as a partner at August Equity - for both firms he focussed on the healthcare, social care, and education sectors. In March 2022 he commenced on a portfolio career and is a board chair and company advisor with roles at Avado and Blackrose. He is a keen but slow cyclist, a lover of Italian wines, and has a passion for Italian late medieval art.
In this episode, you will learn the following:
1. How do you manage the psychological transition when you sell a business?
2. What are the key considerations for structuring an earn-out?
3. How important is it to due diligence the buyer of your business?
Resources:
Connect with Mike & Kevin:
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