Robert Hirsch from Freedom Factory discusses ‘How do I
Connect to My Purpose with My Business’.
Listen to the podcast, watch the video, or read the
transcript below.
Additional Videos From Freedom Factory
How To Prepare My Business To Sell
What Type Of Contract Do I Need To Sell My Business?
Transcript of Podcast
Hi Robert Hirsch again, and I want to talk to you about
something, which is a question that we get a lot, which is small
business consultants. Should I hire them? Do I hire them before
selling? And I must admit I’ve got a bit of a conflict on this. I
was a consultant for a long time, both a management consultant as
well as liquidity consultant.
So, just understand my bias before we get too far into it. So a
lot of consultants have relevant experience, but what very few
consultants have relevant experience in is selling their business.
What hasn’t worked well that I’ve seen in the past is when someone
has a general advisor and they’re giving them general information,
which may or may not help the valuation.
And usually in that handoff is where we lose a lot of value,
meaning the advisor gives the advice, the company implements it,
but it doesn’t make any difference in valuation. So if I was to
hire a liquidity consultant, I would make sure that they sell
businesses full time and don’t do anything else. I would make sure
that they’re a licensed broker and I’d make sure that they can take
you from consulting before you take it on the market all the way
through a successful sale. And so I would find a licensed broker
and be able to do that.
The other thing that I think is pretty critical is I would make
sure that someone speaks your language. For example, I’ve seen a
lot of miscommunication when an entrepreneur tries to work with a
banker and they find out that entrepreneurs don’t speak bankers and
bankers sure don’t speak entrepreneur. So find a broker that is an
experienced entrepreneur that’s been doing it for a long time, that
speaks your language and that’s going to give you the best results,
which is going to maximize your sales price.
Now, if you have questions on this or anything like it, feel
free to reach out to us at Freedom Factory and we’ll see you
soon.
Thank you so much for watching. Please like and subscribe.
Contact Freedom Factory
Freedom Factory
5500 Greenwood Plaza Blvd., Ste 230
Greenwood Village, CO 80111
Phone: 844-MAX-VALUE (844-629-8258)
https://www.freedomfactory.com/
https://g.page/freedom-factory-denver
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From http://freedomfactory.libsyn.com/how-do-i-connect-to-my-purpose-with-my-business
from
https://freedomfactory0.wordpress.com/2020/03/23/how-do-i-connect-to-my-purpose-with-my-business-2/
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