#121: How to Sell Your Small Business for Millions
The StoryBrand Podcast
StoryBrand.com
4.7 • 2K Ratings
🗓️ 24 April 2023
⏱️ 32 minutes
🧾️ Download transcript
Summary
Small Business Flight School launches in one week! Join waitlist to get an exclusive discount during launch week at SmallBusinessFlightSchool.com. Small Business Flight School is an elite, 6-month program for small business owners who want to double their revenue.
When you join Flight School, you get…
💥 Access to our 6-month video training series taught by Donald Miller to completely overhaul your business
💥 Actionable workbooks to help you optimize the 6 key parts of your business (Leadership, Marketing, Sales, Products, Operations, and Cash Flow)
💥 Weekly Q&A calls with our team of experienced small business experts
💥 Quarterly live coaching sessions from Donald Miller
💥 Lifetime access to the Flight School community, weekly Q&A calls, and quarterly coaching sessions
If you're serious about implementing a plan to grow your business and revenue, Flight School is for you! Just to go SmallBusinessFlightSchool.com today.
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Have you ever thought about selling your small business? If so, you're probably wondering how to go about it and how much you could make for it. One thing is for certain: before you can sell your small business, it needs to be attractive to potential buyers. But how do you know exactly what buyers or investors are looking for?
In today's episode, Donald Miller talks with Michael Arrieta, Founder and CEO of Garden City, an investment firm stacked with high-profile investors including Drew Brees, Tim Tebow, and Jeb Bush. Michael and his team buy small to medium-sized businesses, partnering with their management and team members to continue the company's legacy and service. What are the 3 main things Michae's team considers when buying a small business? 1) The team 2) The financials 3) The customer base. Tune in now to learn how you can get your small business into the kind of shape that could sell for millions!
Find out what next steps you can take to sell your business at SellYourSmallBusiness.com.
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START IMPLEMENTING A 6-STEP PLAN TO GROW YOUR BUSINESS AT SmallBusinessFlightPlan.com
ORDER DON'S NEW BOOK "HOW TO GROW YOUR SMALL BUSINESS": GrowYourSmallBusiness.com
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FIND AND FOLLOW US ON INSTAGRAM: Instagram.com/BusinessMadeSimple
Transcript
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| 0:00.0 | If you want to sell your business, and you want it to go to the right hands, you are listening to the right podcast today. |
| 0:09.1 | Have you ever wanted to sell your business? |
| 0:11.0 | Well, there's all sorts of factors that make your business worth a lot more on the open market, |
| 0:15.8 | and we're going to talk about those factors. Today, I'm talking with Michael Arieta. |
| 0:19.4 | He's CEO of Garden City, a company that actually buys small businesses that don't buy them to flip them. |
| 0:25.8 | He only has 50 investors. We're talking about Dan Cappy, chairman of the board at Chick-fil-A. |
| 0:30.4 | Drew Breeze. Yes, the NFL quarterback for the Northern Saints who want a Super Bowl. |
| 0:34.2 | Horse Shults used to be head of Ritz Carlton if you want to sell your business, |
| 0:38.8 | and you want it to go to the right hands. You are listening to the right podcast today. |
| 0:43.0 | With that, I want to welcome you to the business-made simple podcast brought to you by the HubSpot |
| 0:46.6 | podcast network. This is the only podcast that coaches you through a six-step plan to grow your |
| 0:51.6 | small business. We do that by helping you build your business like an airplane. The cockpit is your |
| 0:55.4 | leadership, the body is your overhead, the right engine is your marketing, the left engine is |
| 0:59.0 | your sales, the wings are your products, and the fuel tanks are your cash flow. If you master the |
| 1:03.7 | six parts of a small business, your business will fly far and fast. Every week, you'll get the |
| 1:08.3 | insight and steps you need to grow your small business based on the book, how to grow your small |
| 1:12.8 | business. I'm your host, Donald Miller. This week it's all about not just the cockpit, the right |
| 1:18.0 | engine, left engine, the body, fuel tanks, the wings. It's about all of it, and it's about landing |
| 1:21.9 | it in somebody else's airport and then walking away, selling your small business. |
| 1:31.2 | Hey everybody, Entrepreneurs on Fire hosted by John Lee Dumas is available now on the HubSpot |
| 1:36.4 | podcast network. Entrepreneurs on Fire Stokes inspiration and share strategies to fire up your |
| 1:41.6 | entrepreneurial journey and create the life you've always dreamed of. I know you're going to |
... |
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