Selling Your Small Business – Interview with Abbi Vakil of U-Socket– Small Business Show 128

What is the most important thing to remember when selling your business? Today on the Small Business Show, we continue our discussion about selling your business with advice from Abbi Vakil, inventor of the U-Socket USB wall plug. Listen in to hear us discuss cash-flow vs. profits and which is most important and what do to when you’re business is not succeeding OR failing. We touch on one of the tips from ReWork about ignoring your competition, since you don’t know what’s going on inside their business or if their profitable. Continuing on the tip from episode 127 of the Small Business Show, finding the right buyer and making it “easy” for them to buy your company is brought up with some tips on how to make this happen. Finally, we discuss how to keep growing your “Revenue Stack” after you sell your business with some creative ways to handle investing in startup companies. If you think (dream?) about selling your business now or someday, you’ll want to join us for this episode! After, click over the the Small Business Support Group on Facebook and share your thoughts and comments with Abbi, Shannon and Dave! Chapters/Timestamps 00:00:00 Small Business Show #128 July 19, 2017 We need your iTunes reviews 00:01:12 Abbi Vakil from AllMac 00:02:18 Abbi sold U-Socket 00:05:00 The hamster wheel of fame & cash flow, but no profit 00:06:18 Not succeeding or failing… what to do? Rework 00:08:13 When should you give up? 00:10:31 Finding the right buyer 00:13:26 The relief of selling mixed with losing your baby 00:15:18 The Todd Rundgren $1 Royalty 00:16:28 Never sell to your staff and finance that same staff 00:19:11 Valuation of U-Socket 00:22:06 Make it easy for this person to buy your company 00:22:30 What happens to the revenue stack after you sell 00:25:00 Startup Investing in what you know Asset investing 00:28:37 [email protected] or our Small Business Support Group 00:29:00 Keep good books … and have pride! Don’t drop your shorts! 00:32:12 SBS Outtro The post Selling Your Small Business – Interview with Abbi Vakil of U-Socket– Small Business Show 128 appeared first on Business Brain - The Entrepreneurs' Podcast.