During Black Business Month, entrepreneur Maureen Erokwu, former founder and CEO of Vosmap, has launched an initiative through Koachly aimed at assisting 1,000 diverse businesses across the United States in achieving successful exits by 2034. This initiative supports business owners planning to sell their companies due to reasons such as retirement, strategic market timing, burnout, new opportunities, or a well-deserved break.
The lack of strategic exit planning often puts businesses in a difficult position, forcing them to hurriedly seek buyers or successors. This unpreparedness frequently results in transactions well below market value or, in worst-case scenarios, the complete dissolution of the business. Koachly’s initiative is designed to mitigate such risks by offering tailored support that prepares business owners well ahead of time.
Key aspects of this preparation include conducting accurate business valuations and ensuring thorough organization of financial documents, and identifying qualified buyers. These measures ensure that business owners can command the best possible terms in the sale process, aligning the outcome with their goals and expectations. This proactive approach not only maximizes the financial return but also enhances the business’s appeal to potential buyers, making it a more attractive investment opportunity.
Maureen Erokwu Comments: “As Koachly prepares for InvestFest 2024, there is significant excitement about connecting directly with the community’s core—business owners. The team is ready to share advanced tools and strategies, including the newly launched Exit Score, with over 20,000 attendees.
This initiative proudly highlights Koachly’s dedication during Black Business Month, showcasing its commitment to empowering a diverse range of business owners. By ensuring the successful acquisition of valued companies, Koachly helps in building generational wealth and enabling entrepreneurs to fully realize the rewards of their hard work.”
Engage with Koachly at Invest Fest 2024, Booth 431 Attendees are encouraged to visit booth 431 to engage with the Koachly team, sign up for the Free Exit Planning workshop (early registration recommended due to high demand), and receive an exclusive preview of Exit Score. This engagement is essential for business owners looking to prepare their business for sale, whether in six months or several years.
For businesses looking to learn if they are ready for an exit, visit: www.koachly.com
Media Contact
Company Name: Koachly
Contact Person: Maureen Erokwu
Email: Send Email
Country: United States
Website: https://www.koachly.com/