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What's the value of your business? What's it worth? Many entrepreneurs look at their business--and all the blood, sweat and tears they've poured in--and say "That HAS to count for something, doesn't it?"
On this episode, entrepreneur and investment banker Nate Nead explores the discrepancy between what business owners expect and what business buyers pay ... and how to close the gap so you get more when running your business in the process.
What Gives Your Business Value…
Understand the business definition of "value." Buyers and bankers look for a diverse customer base, long-term deals with clients, and reasonable EBITDA revenue flow. Get those building blocks in place first.
Use "buffers" to keep emotion out of it. If your business is your "baby," you've made huge financial and emotional investments in it. But emotion clouds your judgment when it comes to "letting go." Let an investment banker be your gatekeeper with potential buyers so you can make ob