The #1 Mistake That Could Cost You MILLIONS When Selling Your Business | The Family Biz Show Ep. 133

Ready to sell your business? What if one mistake could cost you millions before negotiations even begin? "Am I really getting the best price?" "What if my business isn't worth what I think?" "Should I accept the first offer?" "How do buyers actually value my company?" "What if I'm not as prepared as I thought?" This conversation gives you the answer. In this episode of The Family Biz Show, Michael Palumbos sits down with Cameron Bishop, Partner and Managing Director at Raincatcher, to uncover the costly mistakes business owners make before selling their companies. From owner dependency and financial reporting to competitive bidding and succession planning, Cameron explains what buyers are really looking for—and why preparing years in advance can dramatically increase business value. With decades of experience leading acquisitions, integrating companies, and advising business owners through successful exits, Cameron shares practical insights from both the buyer's and seller's perspectives. One of the biggest revelations? Having one interested buyer doesn't necessarily mean you've received the best offer. Creating competition can dramatically change both valuation and deal terms. This episode is packed with practical advice to help you build a stronger, more valuable business—whether you're selling next year or a decade from now. In This Episode, You'll Learn: Why owner dependency reduces business value. How poor financial reporting can kill a deal. Why one buyer is rarely enough to determine your company's true market value. How investment bankers help maximize business value and negotiate stronger deals. Why exit planning should begin years before retirement. How to prepare emotionally for life after selling your business. If you want to protect your legacy, maximize your business value, and make smarter decisions before selling, this conversation is an essential resource. 🎧 Listen to more conversations that help family business owners grow, transition, and preserve their legacy: https://www.familybusinessflywheel.com/podcast