935: Website Closers: Buy and Sell Online Businesses To Get Your Maximum Exit with Nate Lind

What this episode covers

Are you considering selling your company but are confused about where to begin? Maybe you don't get the top of the market. However, you want to be in a position to sell when both the value of your company and your stock are increasing. https://www.youtube.com/watch?v=eHst8g5WyPM Nate Lind is the author of Maximum Exit: The Definitive Guide for Internet & Technology-Focused Business Founders and a business broker at Website Closers, the largest marketplace of 1 million to $150 million internet technology and E-commerce businesses. Nate supports those looking to buy or sell online businesses in completing a deal without experiencing any difficulties with the listing, due diligence, or closing procedures. In this episode, Nate will talk about the best time to sell your business, the fun of buying and selling a business, the key to winning transactions, the right size business to invest in, the best type of business to focus on, and the importance of having a backup plan. Quotes "The key thing that all these businesses is that they're growing. They're growing their profit, they're growing their revenue—profits are more important than revenue." - Nate Lind “If you've got a business that's over two years old and has more than $300,000 in trailing 12 months' profit, it's a sellable business. There are buyers interested in it.” - Nate Lind “The best way to put a war chest of money in your pocket to invest in real estate, stocks, bonds, or other passive income opportunities is through the sale of your company.” - Nate Lind Takeaways 02:16 The best time to sell a business is when it's growing and profitable, not when you desperately need to sell. 05:35 Outsourcing the financial and administrative tasks of a business can make it much easier to prepare for a sale. 13:36 Working with an experienced business broker can help maximize the value of a business and make the selling process smoother. 16:39 Maintaining a tidy, well-organized business with clear financials can make it much more attractive to potential buyers. 21:58 It's important to regularly reflect on whether your business is still serving that purpose, and be willing to make changes, such as selling the business, to realign with your original goals. Resources Nate Lind: I Sell Companies Like Realtors Sell Homes Nate Lind on Facebook Nate Lind on LinkedIn Maximum Exit: The Definitive Guide for Internet & Technology Amazon Book

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