Buying⧸Selling a Contracting Business？ Listen to This: Contractor Evolution

Find More Episodes on PCA Overdrive: https://www.pcaoverdrive.org/contractor-evolution PCA Overdrive is free for members. Not a member? Download the app on the Apple Store or Google Play and enjoy a 7 day free trial! Become a member: https://www.pcapainted.org/membership-resources/ Get your free strategic planning tool here: https://trybta.com/PCA173 To learn more about Breakthrough Academy, click here: https://trybta.com/pca-ce Buying and selling contracting businesses is no easy feat. Compared to buying or selling a home, the whole system is needlessly confusing and incredibly dated. It involves pen-and-paper processes, uninformed sellers, and brokerage-owned listing sites that look like they were built in 2004. Our guest today, Morgan Tate, is on a mission to change this with a new platform called DealBuilder.co that centralizes and expedites the deal-making process for brokers, buyers and sellers. And he’s got a pretty interesting vantage point on how businesses change hands. In this episode, we cover: - The difference between saleability and valuation and how to optimize for BOTH - How to spot solid buying opportunities to help you grow through acquisition - And lastly, the 3 most common deal killers - surprisingly obvious little mistakes that can squash a deal right before the finish line If you’ve ever considered selling your business or acquiring another one, this is a must-listen. Learn more about DealBuilder here: https://www.dealbuilder.co/ 00:00 - Intro 02:01 - About DealBuilder 05:00 - What is fundamentally broken about the SMB Marketplace? 06:52 - How much work is it really to transact on a business? 09:39 - The difference between valuation and saleability 21:11 - What to consider if you're thinking of selling 36:17 - What to consider if you're thinking of acquiring a new business 53:36 - 3 Most common Deal Killers 55:47 - Connect with Morgan Subscribe to Breakthrough Academy to never miss a video! � http://bit.ly/youtubebta Interested in working with us? Let's chat: https://trybta.com/welcome Join our Facebook Group: / contractorroundtable Connect with us on Social Media: Facebook: / thebreakthroughacademy Instagram: / btacademy LinkedIn: / 10175179 Email: [email protected] Phone: 1-800-875-1704 #BTA #BreakthroughAcademy #BuildingSuccess