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Episode Info: In episode 225 of Financially Simple, Justin answers a listener’s question on what steps to take if you receive an offer for your business. Charlie asks Justin, what steps should I take to decide if I should accept an offer for my business? Justin explains what factors to assess in your personal life, and within the business itself, to determine whether or not the business should be sold. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 01:40 - Ask Justin: What Steps Should I Take To Decide If I Should Accept An Offer To Buy  My business? 03:19 - Review Your Current Financial Position 03:42 - What Total Income Do You Need 05:02 - Life Expectancy 06:33 - Is Your Business Sellable? 07:46 - What If Your Business Isn’t Sellable Yet 08:58 - Will The Sale Cover Retirement 10:42 - Plan Ahead 12:06 - Wrap Up _________________   RESOURCES: Ask Justin a Question Financially Simple Educational Website Financially Simple on YouTube Financially Simple podcasts are recorded on a Blue Yeti Microphone & Samsung Notebook 9. Subscribe to the Financially Simple Newsletter NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit Blog Post: The Re-Trade In A Business Sale _________________   BIO: Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States....
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