Episode 136 - The Sale Of A 35-Year Business with Donna Alteen

The Real Bottom Line

Insights from Selling a 35-Year Business: A Conversation with Donna Alteen

In this episode of 'The Real Bottom Line,' host Wendy welcomes her guest Donna Alteen, a seasoned entrepreneur who shares her extensive experience in running and eventually selling her business after 35 years. Donna emphasizes the importance of early planning, setting up a leadership team, and engaging financial advisors and other professionals well in advance of the sale. She candidly discusses the emotional and procedural aspects of the transition, including the due diligence process and maintaining company culture post-sale. The episode provides valuable insights for entrepreneurs contemplating the sale of their own businesses.

00:00 Introduction and Guest Welcome

01:14 Starting to Think About Selling

02:13 Preparing the Business for Sale

04:13 Engaging the Leadership Team

06:31 Finding the Right Buyer

14:43 Due Diligence Process

18:40 Post-Sale Reflections and Advice

33:29 Final Thoughts and Conclusion

Find Donna on LinkedIn - https://www.linkedin.com/in/donna-alteen-icd-d-6209483/

Websites

• timespacemedia.com (Company)
• facebook.com/TimeSpaceMediaLtd (Time + Space Media Facebook)

Join us for the Bottleneck to Breakthrough 5-Day Challenge, designed specifically for ambitious and growth-oriented business owners who are feeling overwhelmed and hitting revenue plateaus. In just 60 minutes a day, over the course of 5 days, we will provide you with the blueprint to go from bottleneck to breakthrough by reframing your relationship with time. This challenge will help you break through revenue plateaus, spend more time in your zone of genius, and build a more valuable business – even if you feel like you've tried everything and are time-starved.

Join the Bottleneck to Breakthrough 5-Day Challenge. Here's what you'll learn each day:
Day 1: Design Your Ideal Day

• Explore what your ideal day looks like as an entrepreneur and how to allocate your time based on entrepreneurial time rules

Day 2: Unlock Your Genius

• Shed tasks outside your zone of genius and focus on activities that energize and fulfill you

Day 3: Master Letting Go

• Analyze tasks and activities, determine their fit in your zone of genius, and understand the cost of holding onto them

Day 4: Leverage Your Time Blueprint

• Build a step-by-step process to shed undesired or time-consuming activities, explore delegation in a new way, and escape business jail

Day 5: Build Momentum

• Learn how to execute your ideal day by chunking down activities, overcoming forces of perfection, procrastination, fear, and ego, and amplifying growth drivers for your business.

Register at https://bottlenecktobreakthrough.com/