4.8 • 4.1K Ratings
🗓️ 4 May 2023
⏱️ 21 minutes
🧾️ Download transcript
Nate Lind sells companies like realtors sell homes. He is a business broker at Website Closers, the largest marketplace of $1 million to $150 million dollar Internet, Technology and E-commerce businesses.
Top 3 Value Bombs:
1. If you don't have financials, get them. Get your income, all of your income itemized and categorized in QuickBooks. Get all your expenses into QuickBooks. Make sure that whatever it is you're thinking about selling, it has its own bank account.
2. It's going to be based on profit. If you want to start to get into the leagues where your sale is going to mean a potentially big windfall, then get yourself up to a quarter of a million dollars a year in profit.
3. Buyers will pay only as much as they feel the business is worth in terms of risk.
Read Nate’s book for FREE! - Maximum Exit
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0:00.0 | Light that spark fire nation, JLD here, and welcome to Entrepreneurs on Fire, brought to you by the HubSpot podcast network with great shows like Marketing against the grain. |
0:12.0 | Today we'll be breaking down the life-changing benefits of selling your business. |
0:16.0 | To drop these value bombs, I brought Nate Lind in the EO Fire Studios, Nate sells companies like Realtors, Sell Homes. |
0:23.0 | A business broker at website closers the largest marketplace of $150 million internet technology in e-commerce businesses. |
0:31.0 | In today's foundation, we'll talk about supply and demands, how much buyers will pay, how to find those buyers. |
0:37.0 | We'll talk about how much cash you can expect at closing, we'll talk about the first thing buyers look for when it comes to our businesses, and so much more. |
0:45.0 | And a big thank you for sponsoring today's episode goes to Nate and ours, sponsors. |
0:50.0 | Business Made Simple, hosted by Donald Miller, is brought to you by the HubSpot podcast network, the audio destination for business professionals. |
0:57.0 | Business Made Simple takes the mystery out of growing your business with episodes like how to get out of your day-to-day operations without crashing your business. |
1:04.0 | Listen to business Made Simple wherever you get your podcasts. |
1:08.0 | Liquid IV is the category winning hydration brand fueling your well-being in just one stick. |
1:15.0 | You get five essential vitamins and two X faster hydration than water alone. |
1:19.0 | Grab your liquid IV and bulk nationwide at Costco or you can get 20% off when you go to liquid IV.com and use code fire at checkout. |
1:28.0 | Nate, say what's up to Fire Nation and share something that you believe about becoming successful that most people disagree with. |
1:37.0 | Hey, Fire listeners, thanks for having me. |
1:41.0 | I believe you should sell your business when you don't want to. |
1:44.0 | When it's so successful, when things are effortless, and when you don't have any idea that you even want to sell it, that's the time to do it. |
1:52.0 | Man, I love that advice. |
1:54.0 | And the people who have taken your advice in crypto, NFTs, and really pretty much any regional bank stock, then they'd be loving this advice right here. |
2:03.0 | Because Fire Nation, sometimes when things are going good, you just think they're going to be going good forever and everything is a cycle for sure. |
2:10.0 | Because we're talking about the life changing benefits of selling your business. |
2:15.0 | Supply and demand runs everything, Nate. |
... |
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