Exits and Non-Negotiables
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In today's episode of Boss Lady and Friends, Wendi dives into the recent acquisition of True Hero by Channel Key LLC, exploring the process and key takeaways of selling and exiting a business. With insights from industry expert Mac Lackey from Exit DNA, there are invaluable lessons and recommendations for navigating the exciting journey. From standing firm on non-negotiable to ensuring the well-being of your team and mastering the language around the cause, Wendi dissects what went right during the exit and what she did well. Our biggest takeaways include the importance of early engagement with an advisory board, meticulous preparation for the exit, establishing grounded SOPs, navigating deal fatigue, and standing your ground. Tune in to gain essential knowledge and strategies for your own business endeavors.
