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Business Exit Strategy

Know What Your
Business Is Worth
Before You Sell

Most owners discover the real value of their business when it's too late to change it. Michael Toups shows you how to maximize value, navigate the sale, and exit on your terms with fulfillment and meaning.

What's It Worth? by Michael Toups — Front Cover

A Straight-Talk Guide to Selling Your Business and Exiting Like a Winner.

Most Business Owners
Are Leaving Money on the Table

Building a great business and selling one are two completely different skills. By the time most owners figure that out, it's too late.

They Wait Too Long to Prepare

Issues that reduce value — messy financials, owner dependency, customer concentration, etc. — take time to fix. Don't wait until due diligence.

Don't Know Their Real Number

Most owners anchor themselves on an inflated valuation and are blindsided by the process, especially when buyers offer far less than expected.

Negotiate from Weakness

Without a competitive buyer process, a clear understanding of deal terms, and the right advisors, sellers consistently lose significant value in their deal.

"

The question isn't just what your business is worth today — it's what it could be worth with the right preparation, the right team, and the right exit strategy.

— Michael Toups, What's It Worth?

Everything You Need to Exit Like a Winner

Ten chapters of straight-talk guidance from someone who has been on both sides of the table — and done it for himself.

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Available in print and Kindle

Download Free: Exit Action Plan

PDF — Appendix from the book

  • 01
    Begin with the End in Mind
    Define your exit goals, target timeline, and financial target before anything else. Discover whether you're ready — and what "ready" actually means.
  • 02
    Who Can I Trust?
    Build your advisory team before you need them. Learn what each professional does, how to pass the Trust Test, and why your intermediary choice is the most important hire.
  • 03
    Surviving Due Diligence
    Understand what buyers will dig into, why deals die in due diligence, and how to build a data room that projects confidence instead of chaos.
  • 04
    Numbers Don't Lie
    The difference between tax-return financials and buyer-ready financials. How to calculate earnings, normalize add-backs, and clean up your books.
  • 05
    Beauty is in the Eye of the Beholder
    Valuation is not just a multiple. Learn the four value drivers buyers pay up for, the three most common valuation methods, and how to set realistic expectations.
  • 06
    Art of the Deal
    Learn the most important deal terms beyond price — earnouts, holdbacks, and non-competes, and how to negotiate without losing your mind or your deal.
  • 07
    The Buyer Is Buying Confidence
    Understand the buyer's perspective - reduce owner dependency and build predictability to position your business for a premium multiple.
  • 08
    Deal Killers (and How to Avoid Them)
    Most deal killers aren't big surprises — they're fixable problems that nobody addressed. Learn the top 10 deal killers and how to fix them.
  • 09
    Cash in Your Pocket
    The sale price illusion. Understand the net proceeds formula, taxes, earn-out, asset vs. stock sale - what you actually keep and how to protect it.
  • 10
    What's My Why?
    The identity challenge nobody warns you about. How to plan your post-sale life so the "perfect exit" actually delivers the life you want with fulfillment and meaning.

Your Exit Readiness Framework

Clean financials and documented add-backs ready for buyer review

Realistic valuation range supported by actual market comps

Trustworthy professional team assembled before you need them

Due diligence data room organized and ready to open

Negotiation strategy defined with non-negotiables established

Deal killers identified and mitigated before buyer discovery

Net proceeds forecast built — taxes planned before LOI

Post-sale life plan in place so the exit actually delivers

Expert Guidance for Every Stage
of Your Exit Journey

From early positioning to closing day, Michael works alongside owners who want to sell smarter — not just faster.

Step 1

Exit Readiness Assessment

A thorough evaluation of where your business stands today against what buyers expect — with a clear roadmap to close the gaps before going to market.

  • Business valuation review
  • Financial clean-up plan
  • Value driver analysis
  • Deal killer identification
  • Exit timeline planning
Step 3

Transaction Advisory

Support through the full transaction — from managing buyer diligence to navigating deal terms to protecting your net proceeds at the closing table.

  • Due diligence management
  • Deal structure guidance
  • Earn-out & holdback strategy
  • Net proceeds optimization
  • Post-close transition planning

A Simple, Clear Engagement Process

Every engagement starts with understanding your goals — not with a generic checklist.

1

Discovery Call

A 20-minute conversation to understand your business, your timeline, and your goals. No obligation, no pitch — just clarity.

2

Assessment

Review your financials, operations, and market position. Identify the value drivers and the gaps that need to close.

3

Strategy

Build a tailored exit plan — valuation range, buyer type, timeline, and the specific actions that will move the needle.

4

Execution

Ongoing advisory through positioning, diligence, negotiation, and closing — so you never navigate it alone.

Michael Toups
Michael Toups
Executive · Investment Banker · Entrepreneur
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M&A
Boutique investment banking advisor
Board
Level advisor to portfolio companies
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Thirty Years on Both Sides of the Negotiating Table

Michael Toups is a seasoned executive, investment banker, and operator with more than 30 years of experience leading, buying, selling, and scaling companies in the U.S. and abroad.

As a board-level advisor to portfolio companies, Michael has helped leadership teams refine strategy, strengthen operations, and prepare for liquidity events, as well as expand into the public sector and government marketplaces.

As an entrepreneur, Michael brings firsthand experience to the exit process. He has successfully exited four startup ventures of his own over the course of his career. Those real-world experiences — both the wins and the challenges — shape the practical guidance shared in his book, What's It Worth?

Michael holds an MBA in Finance from the University of Notre Dame, a BBA in Finance from Texas Christian University, and a Higher Education Teaching Certificate from Harvard University.

www.WhatsItWorthConsult.com

Ready to Find Out What
Your Business Is Really Worth?

Whether you're planning to sell in 6 months or 5 years, the time to prepare is now.
Start with the book or schedule a discovery call with Michael.

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Start the Conversation

Whether you're actively preparing to sell or just beginning to think about your exit, a 20-minute conversation can change the trajectory of your outcome.

Michael works with a select number of business owners each year. Reach out to see whether there's a fit.

Michael is also available for speaking engagements, podcasts, executive workshops, and board advisory roles focused on exit strategy and business valuation.

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Responses typically within 1 business day. No spam, no pressure.

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