In today's episode we talk about the life cycle of a selling a business and comparing it to DATING. This is a short but fun-filled episode and we hope you learn something from this one.
If you want to listen to our in-depth about exiting a business you can check the links below.
ZC 78 – Selling the Biz Part 1: Why Sell Your Business?
ZC 79 – Selling the Biz Part 2: How to Sell Your Business?
ZC 80 – Selling the Biz Part 3: Yes, We Did It!
ZC 81 – Selling the Biz Part 4: Empire Flippers
We can help you exit your business too!
Below is a timeline of selling your business and our dating analogy.
- Shopping Around - Beginning to consider to date somebody.
- Broker - It’s when you have someone facilitating those dates for you (In Chris’ example is Tinder).
- NDA (Non-Disclosure Agreement) - Your first date!
- LOI (Letter Of Intent) - You’re officially Boyfriend/Girlfriend.
- APA (Asset Purchase Agreement) - You are now MARRIED!
- Earn-out - Having kids.
- IPO - When you get big and have a lot to share.
BONUS
Listen to our previous episode with Chris Rawlings on the link below.
ZC 94 – You Can Be the Surfer
ZC 86 – Snuck In at Events So He Can Meet Brilliant Startup Founders Part 2
ZC 85 – Snuck In at Events So He Can Meet Brilliant Startup Founders Part 1
ZC 44 – Is ECommerce in its Infancy?
ZC 40 – Raising Money For Your Business
You can get in touch with Chris directly through:
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https://crushtrk.com/?a=1204&c=188&p=r&s1=
