Share
))
HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
…
continue reading
Manage episode 475911454 series 3376178
Content provided by Sean Weisbrot. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sean Weisbrot or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
Is Your Business Just a High-Paying Job You Can't Sell? In this interview, M&A expert Cameron Bishop explains the critical difference between a valuable, transferable company and a "lifestyle business" that is almost solely dependent on the owner for its success and has no real exit value.
Cameron also shares the craziest story he's ever seen in an acquisition: a former owner who came back and took her old company's file cabinets hostage with chains and padlocks . He breaks down the most common reasons businesses fail to sell, including terrible accounting and customer concentration, and tells the story of a client who walked away from an extra $4 million to take a lower offer for a better lifestyle. Check out the company: https://raincatcher.com
Book a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory
👀 CONNECT WITH SEAN
Subscribe: https://www.youtube.com/@seanweisbrot
LinkedIn: https://linkedin.com/in/seanweisbrot
Inquiries: [email protected]
🕒 CHAPTERS
00:00 - Introduction to Selling a Business
00:53 - She Took Her Former Company Hostage with Chains & Padlocks
04:03 - The #1 Reason Your Business Is Unsellable
05:14 - Is Your Business Just a High-Paying Job You Can't Sell?
07:24 - Can AI Create a Sellable "Lifestyle Business"?
11:44 - The 3-Year Runway You Need Before You Sell
16:58 - Post-COVID Motivation: "I'm Just Sick and Tired of Hiring"
26:07 - How a Single Vendor Made a "Money Machine" Unsellable
29:25 - Final Advice: Selling Your Company Is a Full-Time Job
📈 WORK WITH ME
▶ Book a Paid Advisory Session: https://calendly.com/wltb/advisory
▶ Sponsor the Channel: https://www.welivetobuild.com/collaborate
▶ My AI/Automation Agency: https://optimai.ai
Hosted on Acast. See acast.com/privacy for more information.
272 episodes
