Can I Sell My Business By Myself or do I Need Help?

Selling a business can be done on your own or by the help of a brokerage firm. There are pros and cons to selling a business by yourself and asking advice from experts like a brokerage firm. The majority of business owners who want to sell their business ask help from experts, especially in maximizing the value of the company. The selling process is a tedious one, and without the help of experts, you could end up in the losing end of the deal. Asking help from a brokerage firm specializing in selling businesses may sound a more practical and smarter choice. Visit Freedom Factory's official website here: https://www.freedomfactory.com/ Download the podcast here http://freedomfactory.libsyn.com/can-i-sell-my-business-by-myself-or-do-i-need-help Contact: 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 Also, Follow Freedom Factory here https://vimeopro.com/freedomfactory/business-brokers http://freedomfactory.libsyn.com https://twitter.com/FreedomFactory7 https://www.facebook.com/Freedom-Factory-112201923642080 https://www.linkedin.com/company/freedomfactory/ https://www.youtube.com/channel/UCXUrv3qYNsR8NjZEWRDch5Q/ Additional Videos to learn how to sell your business. What is The Myth of the Million Dollar Idea? https://youtu.be/4CeX0STdxos Caution: What is the Trap of the Working Wealthy? https://youtu.be/NarnoTQlJkg Key Difference Between Owning a Business and Owning a Job https://youtu.be/GefZay3j0Bc What is Entrepreneurial Freedom? https://youtu.be/ziY-Jgbj1Yc #freedomfactory #sellyourbusiness #businessbrokers Robert Hirsch - https://roberthirsch.com Additional information on managing partner Tyler Tysdal https://tylertysdal.com

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Today's episode of the podcast Robert Hirsch from freedom factory talks about "Time to Find Freedom and Buy Your Own B...

Today's episode of the podcast, Robert Hirsch from freedom factory, talks about "Time to Find Freedom and Buy Your Own Business." Buying a business is a valuable entrepreneurial feat that will transform your life, especially when you want to achieve time and financial freedom. Buy the right business for you, and take advantage of your unique abilities here at Freedom Factory. Listen to the podcast or watch the video here. https://vimeopro.com/freedomfa…/business-brokers/…/389990100

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Today's episode of the podcast Robert Hirsch from freedom factory talks about "Time to Find Freedom and Buy Your Own Business."#business #entrepreneurship #startbusiness https://t.co/xti4zaVHbG

Today's episode of the podcast, Robert Hirsch from freedom factory, talks about "Time to Find Freedom and Buy Your Own Business."#business #entrepreneurship #startbusiness https://t.co/xti4zaVHbG

— Freedom Factory (@FreedomFactory7) April 10, 2020

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Time to Find Freedom and Buy Your Own Business

Today's episode of the podcast, Robert Hirsch from Freedom Factory talks about "Time to Find Freedom and Buy Your Own Business."

Listen to the podcast, watch the video, or read the transcript below.

Additional Videos From Freedom Factory

Key Difference Between Owning a Business and Owning a Job

What is the Process to Sell My Business Quickly?

 

Transcript of Podcast

Hey, it's Robert from Freedom Factory, and I want to talk to you about something that is a really strong belief of mine, but I was in a forum meeting with my fellow group of entrepreneurs and one of my friends looked at me and he said, is buying a business really the most undervalued asset class? You've said that to me often, but I don't know if I necessarily believe it. So I wanted to go through some simple math and the way I look at buying a business and the way I look at other investments. For example, if you buy a business for four times earnings, and let's say you don't make any changes, it's flat, it doesn't grow, whatever. Your changes don't work. That's going to give you a 25% return, meaning it's going to pay for itself in four years because you bought it four times earnings.

Now, on the other hand, let's say you go buy a stock. Let's say that stock has a price to earnings ratio, which is really just a multiple of 33 well, you're buying it at 3% so I mean, what you're really hoping for is maybe 5% after taxes.

So when I look at what that looks like in three years or five years, and use any financial calculator that you want, and you look at the time value of money, those returns make such a massive difference. Warren Buffett's business partner is a guy named Charlie Munger. And Charlie Munger, they asked him, they said, if you were a young man and you were starting again, and there was no Berkshire Hathaway, what would you do?

And he said, I would buy as many software of service companies as I could at five to seven times earnings, which is generally what they go for with low churn, meaning they don't change. And I would change my whole time to forever. So once again, he would buy software as a service companies at five to seven times earnings. With very low churn and it would hold them forever. So he also sees that small businesses are the most undervalued asset class in America. So if you've ever thought about buying a business or how do you find a business that trades at three times earnings or four times earnings or five times earnings, why don't you give us a call at Freedom Factory?

Because I'll tell you, some of the deals that we see are just incredible. And I think money is made on the buy, not on the sell. And if you can buy the right business, especially want to take advantage of your unique abilities are stupid human trick. And I've talked about that in other videos, but what I mean, let's say you find a great engineering company that has a sales problem and you're an extraordinary salesperson. All of a sudden, if you buy that at 4x and you can double it in two years. Well, your return is unbelievable. So if you've ever thought about buying a business or selling a business, give us a call here at Freedom Factory. I look forward to talking to 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

Also, Follow Freedom Factory here 

Best Business Brokers - video portfolio

Follow us on Twitter

Find us on Facebook.com

Connect on Linkedin

Youtube Channel

Available on Youtube:

Managing Partners

Learn more about the managing partners, Tyler Tysdal, and Robert Hirsch.

About Tyler Tysdal

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Today's episode of the podcast Robert Hirsch from the freedom factory talks about "What is The Myth of the Million Do...

Today's episode of the podcast, Robert Hirsch from the freedom factory, talks about, "What is The Myth of the Million Dollar Idea?." Determining a million-dollar idea to start your own business may not make you millions. Yes, you read that right. What makes business works is nothing but the million-dollar execution. Here in Freedom Factory, we will support you in acquiring and developing this million-dollar execution. Listen to the podcast or watch the video here. https://vimeopro.com/freedomfa…/business-brokers/…/389990100

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Today's episode of the podcast Robert Hirsch from the freedom factory talks about "What is The Myth of the Million Dollar Idea?." Listen to the podcast or watch the video here. #business #entrepreneurship #startbusiness https://t.co/EoMuzg1HTs

Today's episode of the podcast, Robert Hirsch from the freedom factory talks about "What is The Myth of the Million Dollar Idea?." Listen to the podcast or watch the video here. #business #entrepreneurship #startbusiness https://t.co/EoMuzg1HTs

— Freedom Factory (@FreedomFactory7) April 8, 2020

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What is The Myth of the Million Dollar Idea

Robert Hirsch from the freedom factory discusses "What is The Myth of the Million Dollar Idea?." 

Listen to the podcast, watch the video, or read the transcript below.

Additional Videos From Freedom Factory

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Transcript of Podcast

Hey, it's Robert from Freedom Factory, and I want to talk to you about an entrepreneurial truth and what I call this is the myth of the million-dollar idea. The other day I was talking to a friend of mine and he was looking at our company and he said, man, I wish I had that idea. And I talked to him about the myth of the million-dollar idea.

And I said, that million dollar ideas don't exist. And he didn't understand what I meant. So then I asked him a question. I said, what's the difference between a million-dollar idea and $1 million? And he thought about it for a second and he said, well, I don't know. And I said, well, it's a million-dollar execution.

And the good news is million-dollar execution is a learnable, teachable skill. Now, it doesn't matter if you have a business brokerage like we do, or software companies or boat manufacturers or any of the types of companies that we've talked about in the past. The difference between that million-dollar idea and the million dollars is million-dollar execution. And I want you to think about that.

The great news is million-dollar execution. Is a learnable, teachable skill. All machines are the same. When we're building a machine, there's revenue, there's sales, there's marketing, there's infrastructure. You figure out what you need to do and you work on your business, not in it, and it doesn't really matter what kind of business it is. Now, if you learn how to build the machines, for example, let's say you have a sales problem. If you go out and read a How to Win Friends and Influence People by Dale Carnegie, it's going to help you with your sales no matter what kind of business you're in, no matter how many businesses that you do.

So there's a set amount of entrepreneurial lessons and it's your choice. You can learn them fast or you can learn them slow. But I would figure out what your biggest strengths are and I would accentuate those and I'd figure out your biggest weaknesses and I would either hire to address those or I would work on acquiring the skills to be able to get a complete skill set there and be able to develop million-dollar execution, because once you have million dollar execution, you can change the world in so many ways. You can build a machine, any machine, and so I wouldn't get lost on the idea of $1 million idea or the myth of the million-dollar idea.

People say all the time, they say, I wish I thought of the pet rock. Well, it wasn't the pet rock. The person that started the pet rock understood million-dollar execution. And the good news is, so can you. If you have any questions about any of the things that we've talked about, why don't you give us a call it Freedom Factory. I'm Robert and we'll talk to 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

Also, Follow Freedom Factory here 

Best Business Brokers - video portfolio

Follow us on Twitter

Find us on Facebook.com

Connect on Linkedin

Youtube Channel

Available on Youtube:

Managing Partners

Learn more about the managing partners, Tyler Tysdal, and Robert Hirsch.

About Tyler Tysdal

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