Chapter
The Anxieties of Selling a Business with Cindy Bi
39:02 - 43:57 (04:54)
Cindy Bi, the founder of a tea company called Drink Hu, shares her experience selling her business and the anxieties that came with it including issues with pricing and finding a suitor, as well as doubts over the deal going through.
Clips
The process of selling a business with a broker involves looking at your last 12 months of profit and then putting a multiple on it, which depends on the industry, trends, traffic sources, and more.
39:02 - 40:14 (01:12)
Summary
The process of selling a business with a broker involves looking at your last 12 months of profit and then putting a multiple on it, which depends on the industry, trends, traffic sources, and more. The whole process can take months, and it's crucial to keep the broker updated on any changes that happen during this time.
ChapterThe Anxieties of Selling a Business with Cindy Bi
Episode#2 with Ramon Van Meer - Blogging His Way To $9M in Cash
PodcastMy First Million
The speaker discusses their experience navigating the sale of their business, including the concerns and considerations during the due diligence period and potential bidding wars.
40:14 - 42:50 (02:35)
Summary
The speaker discusses their experience navigating the sale of their business, including the concerns and considerations during the due diligence period and potential bidding wars.
ChapterThe Anxieties of Selling a Business with Cindy Bi
Episode#2 with Ramon Van Meer - Blogging His Way To $9M in Cash
PodcastMy First Million
Despite what we may think, having a million dollars in the bank doesn't necessarily equate to a drastic change in lifestyle, according to an interviewee.
42:50 - 43:57 (01:06)
Summary
Despite what we may think, having a million dollars in the bank doesn't necessarily equate to a drastic change in lifestyle, according to an interviewee. Day one was anti-climactic, with refresh-hitting and toasting leading to just a regular day at work, cooking dinner, and looking after the kids.