1 February 2024 | 6 min read
January marked the launch of our first BANDwidth event of 2024, drawing a keen crowd eager to dive into the world of exit strategies. Building on the momentum of last autumn’s gathering, we once again brought together a diverse group of agency owners. The goal? To share insights, experiences and strategies for navigating the complex process of exiting a business.
Expert Insights on Tap
Our panel didn’t just talk the talk; they’ve walked the walk. Julian Davies of Redfin – part of the BAND Group – opened the discussion with a comprehensive look at exit options and strategies to maximise sale value. Vasu Majumdar, BAND’s go-to for Corporate Finance, followed up with his top tips for getting your business sale-ready. And stepping in for Leanna Cosiglio, Ryan Lisk of Hybrid Legal tackled the legalities of selling an agency, from due diligence to the fine print of sale and purchase agreements.
Personal Goals Meet Business Strategy
Julian Davies set the tone with a clear message: aligning personal goals with business objectives is crucial. Whether you’re eyeing a trade sale, management buy-out or another exit route, understanding your personal ambitions is the first step in crafting a successful exit strategy.
Vasu’s Top Tips: The Roadmap to Readiness
Vasu Majumdar distilled two decades of M&A wisdom into nine essential tips for preparing your business for sale, emphasising the importance of a solid advisory team, clear objectives and engaged management.
Legal Prep Pays Off
Ryan Lisk underscored the importance of early legal advice in the sale preparation process. Good governance and understanding the intricacies of legal agreements can significantly smooth the path to a successful sale.
The Power of Community
The event underscored the value of bringing creative business owners together to share and learn from one another. The discussions were rich, the questions thought-provoking, and the takeaways invaluable.
As we look forward to more BANDwidth events throughout the year, we’re excited to continue fostering a community where creative entrepreneurs can thrive.
Stay tuned for more insights, strategies and success stories by following us on LinkedIn.