Strokecast – With Bill Monroe

Strokecast – With Bill Monroe

Uncategorized
On January 17, 2017 I was the owner of Cape Cod's largest distribution of Free Magazines and Brochures. The business had tripled in size and we were ready to branch off into Publishing and advertising. We had just launched a successful magazine and things were going very well. That morning started like any other, 20 miles on the bike, you see I was training for Ironman. If you do not know what ironman is, it is a 140-mile race, I linked to Ironman Triathlon for you. I went to the office, sent out marketing emails, confirmed shipments for the upcoming week, roughly 30 pallets of magazines were coming in, and I went to pick up magazines, and meet some customers. All in a day's work. That night I was going…
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Tom Hannon – Featured On Built To Sell

Tom Hannon – Featured On Built To Sell

Advisors, Buyer, Deal Book, Deal Structure, Due Diligence, Factors Affecting Business Saleability, Preparing to Sell Your Business, Sale Process, Tax Implications of Selling a Business, Transition, Valuation, Why Sell
From the Built to Sell Podcast Description of the Show - Tom Hannon started FPD to create and distribute niche publications. He grew the company to $3M in revenue over 18 months, when a family illness prompted him to reach out to acquirers. His company was valued at $2.1M and received four offers, but he ended up walking away with $1.5M. Hannon candidly shares why he left money on the table, and what he would do differently if he had a re-do. In this episode, you’ll learn: • One trick the acquirer played on Hannon that dramatically devalued his business • How Hannon used a third-party valuation to keep the price as firm as possible • When not to overplay your hand in a negotiation with an acquirer One reason…
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Your birth certificate and your exit plan

Your birth certificate and your exit plan

Strategy, Why Sell
In our experience, your age has a big effect on your attitude towards your business and how you feel about one day getting out and your exit plan. Here's what we have found: Business owners between 25 and 46 years old Twenty- and thirty-something business owners grew up in an age where job security did not exist. They watched as their parents got downsized or packaged off into early retirement, and that caused a somewhat jaded attitude towards the role of a business in society. Business owners in their 20’s and 30’s generally see their companies as means to an end and most expect to sell in the next five to ten years. Similar to their employed classmates who have a new job every three to five years; business owners…
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