Episode 217: TMBA 217: Selling the Assets of Your Business in a Strategic Sale
Tropical MBA: Entrepreneurship & Founder Lifestyle
Dan Andrews; Ian Schoen
4.9 • 527 Ratings
🗓️ 7 November 2013
⏱️ 47 minutes
🧾️ Download transcript
Summary
http://www.tropicalmba.com/boat/ http://www.tropicalmba.com/boat/ Cam Collins runs a business that helps marinas manage their boat inventory. He recently sold the assets of the company in a strategic merger, and we’re pumped that Cam came by the podcast to share the lessons he learned during the process. Listen to this week’s show and learn: The difference between a strategic...
Transcript
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| 0:00.0 | Hey, podcast, listener. |
| 0:05.1 | Even if you are alone in your entrepreneurial journey, know that today, right now in your earbuds, |
| 0:09.7 | you are joined by thousands of entrepreneurs from all around the globe seeking to grow better, |
| 0:14.9 | more profitable, location independent businesses. |
| 0:17.8 | If you'd like to learn more about what we do and download our entire back catalog, |
| 0:23.0 | check out tropical MBA.com. |
| 0:32.3 | Hey, yo, happy Thursday morning. It's a tropical MBA podcast. This is the show where we talk about |
| 0:37.4 | location independent businesses. talk about location independent |
| 0:39.3 | businesses. Speaking of location independence, buddy, you're just bouncing all around. |
| 0:44.4 | I'm right here I am. Here I am. Here you are. We're doing the podcast. We're doing the podcast. It's the |
| 0:49.3 | best part of the week. We just spent the last three hours stressing out about, oh, that's going to make a good |
| 0:55.3 | podcast. I don't like to talk too much about things that I can't talk about, but just wait until |
| 0:59.5 | that one comes out. Do we need a lawyer? Do we need a line of credit? Do we need to go to this place? |
| 1:04.6 | Help. Help. Typical entrepreneurship stuff, but it's great to be here on the podcast with you today. |
| 1:12.0 | And it's great to have our special guests, Cam Collins, who of course spoke at our event in Berlin, |
| 1:17.2 | sent us an email last week saying, hey, guys, it's official. |
| 1:20.7 | It's, I've sold my business. |
| 1:23.1 | Do you want to hear about it? |
| 1:24.4 | Yeah, because we haven't talked to too many people that have sold their businesses. |
| 1:28.1 | I'm infatuated with how to sell a business, what goes into it, all the different systems. Think about all the stuff you're going to hear today. I mean, we did a really deep dive with Cam. So we're going to talk about the difference between a strategic sale and a financial sale. We're going to talk about our business brokers really worth it. We're going to talk about something that terrifies entrepreneurs. |
| 1:47.0 | How and when do you get lawyers involved? |
| 1:49.0 | Oh, I thought you're going to say getting your books in order for a sale. |
... |
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