Ask Sean Ep. 21
The 10 Minute Entrepreneur
Sean Castrina
4.8 • 308 Ratings
🗓️ 21 July 2023
⏱️ 8 minutes
🧾️ Download transcript
Summary
“What do I need to do to sell my company to make the most amount of money?”
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Transcript
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| 0:00.0 | You are listening to the 10-minute entrepreneur podcast with host, Sean Castrina. |
| 0:10.0 | Okay, this is the Ask Sean edition every Friday. |
| 0:16.0 | We're like 20-some issues in and what I've had, I've actually had a constant amount of, |
| 0:22.0 | you know, this specific question is, I want to sell my company. |
| 0:27.0 | Well, guess what, I'd like to be six foot nine and play for the Lakers. |
| 0:29.0 | There's a lot of things we'd like. |
| 0:31.0 | I can tell you what you need to do to prepare your company to be sold and to get the most amount of money for it. |
| 0:38.0 | But no, we start a company with the goal at some point to take some chips off the table and make some money. |
| 0:45.0 | Nothing wrong with that. |
| 0:46.0 | But how do you do it in such a way that you make the most amount of money? |
| 0:49.0 | First thing is, is that you have to have a company that people want to buy. |
| 0:54.0 | There's specific things that people look for, just like when you go to buy a real estate. |
| 0:57.0 | There's certain things that you look for. |
| 0:59.0 | What's a tax assessment? What's the rental income? |
| 1:02.0 | It could be on it. |
| 1:03.0 | What did other houses sell for the neighborhood? |
| 1:05.0 | blah, blah, blah. |
| 1:06.0 | There's critical numbers. |
| 1:07.0 | Same thing in sales. |
| 1:08.0 | I mean, same thing in selling a company. |
| 1:10.0 | I'm sorry. |
| 1:11.0 | First thing, they're going to look at, what are your sales? |
... |
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