Should you sell your business in this economy?
Today we are joined again by Michelle Seiler Tucker, Michelle is the leading authority on buying, selling, and improving businesses, as well as increasing a business’ revenue streams. She is also the Founder and CEO of Seiler Tucker Incorporated . Sold over 1000 businesses to date and currently owns and operates several successful businesses. Author of WSJ & USA TODAY Bestseller EXIT RICH : the method to sell your business for huge profit.
In this episode Michelle and Travis discuss when it’s the right moment to buy or sell any business, how business owners can make their business more attractive to buyers and what mistakes to avoid when building a brand.
Michelle expands on her 6P Method and how it helps business owners get the most value possible when selling their company. She also explains why every business owner should think of an exit strategy and why most people fail to sell their business.
Key Highlights:
[00:01 – 09:18] Exiting Your Business
Selling your business at the right moment
The GPS Exit Model
Preparing your business for selling
Leveraging Synergies to increase the value of a business
[09:19 – 18:04] The 6P Method for Maximum Value
People
Product
Process
Proprietary
Patrons
Profit
[18:04 -24:29] What Buyers are Looking For
Michelle expands on what makes a business attractive to buyers
Getting clear on your numbers will attract buyers
The challenges small business owners face when selling
[24:30 -37:37] How to Acquire Businesses
Business recovering from all what’s happened in the last few years
Why an advisor can make a better assessment of the business
Getting clear on the real reason behind selling a business
Tweetable Quotes:
“The quickest way to grow a business is through acquisitions ” – Michelle Seiler Tucker
“Lack of profits is not a problem, is a symptom of other problems” – Michelle Seiler Tucker
“Sell when your business is doing great because you’ll always have buyers” – Michelle Seiler Tucker
Connect with Michelle:
Order Michelle’s book:
Exit Rich
Follow Michelle on:
Instagram: @michelleseilertucker
Listen to the Exit Rich Podcast here
Did you love the value that we are putting out in the show? LEAVE A REVIEW and tell us what you think about the episode so we can continue putting out great content just for you! Share this episode and help someone who wants to connect with world-class people.
Jump on over to travischappell.com/makemypodcast and let my team make you your very own show!
If you want to learn how to build YOUR network, check out my website travischappell.com . You can connect with me on Facebook , Instagram , and Twitter .
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
