I want to buy your business. What's your discretionary earnings? or how about you buy mine, can you get an SBA loan approved? No idea what we're talking about? Don't worry, Joe Valley (@JoeValley2) from Quiet Light Brokerage breaks down exactly the specific concepts and the tactical approach you will need to learn to value, buy and sell online businesses. He's one of the best in the biz so listen up because he knows his sh*t. See acast.com/privacy for privacy and opt-out information.
It's important to know the value of your business before listing it for sale to avoid emotional and financial setbacks due to inaccurate numbers. HubSpot CRM is a great tool for growing businesses to automate tasks, track deals and contacts, and streamline data for better customer service.
Ramon Van Meer shares his experience on building profitable online businesses without the high markups of a tech company and learning from previous sales to reach his current success, including a $100 million business venture.
The speaker shares their experience of selling their successful online business and how they transformed it to make it more valuable for the buyer and manageable for themselves.
The podcast discusses the process of selling a business for maximum value and provides examples of successful businesses listed with Quiet Light Brokerage.
Inaccurate valuation of businesses, when done with the aim of selling or buying, can lead to financial loss and emotional stress during due diligence. It's important to properly calculate seller's discretionary earnings - net income plus ad backs- to get an accurate representation of a company's profits and value.
Ace Chapman discusses his career as a website investor, and how he evaluates potential investments based on factors like accurate traffic numbers and consistent content. Chapman emphasizes the importance of timing and making a good impression in the business world.
Get your tax returns filed properly and consider separating different brands under one LLC to make your business more appealing to a wider range of buyers. It can also be beneficial for both buyers and sellers to consider the SBA lending option, which may require a larger down payment but makes the deal safer for the lender.
Some banking institutions prefer lending capital to entrepreneurs who have built and run their own successful businesses, even if they are high school dropouts, over individuals who have graduated from Ivy League schools and have no real business experience. The process of purchasing a business typically takes around 60 to 75 days from letter of intent to closing, during which money and business assets are exchanged hands.
A discussion about successful businesses with smarter and more educated entrepreneurs who outsource their bookkeeping to an e-commerce bookkeeping firm.
In this podcast episode, the hosts discuss the process of analyzing, making an offer, and growing a business. They mention the importance of asking great questions and making the seller feel appreciated, and suggest a minimum of a three and a half multiple when evaluating a potential purchase.
Joe shares about the buying and selling process of online businesses and how Quiet Light Brokerage helps entrepreneurs fix their books to increase their business value. He also invites listeners to check out his podcast and website for more information.