Listen "5 Critical Mistakes That Can Ruin The Sale Of Your Business | ft. Cameron Bishop | Ep. 458"
Episode Synopsis
In this episode, host Matt Jones sits down with Cameron Bishop from Raincatcher for the first part of our mini-series, "Selling Smart: How Tradies Can Build and Sell a Profitable Business." With decades of experience in private equity and business sales, Cameron offers valuable insights into the growing trend of business roll-ups and private equity exits, particularly how North American models are starting to influence the Australian market.00:00 "Smart Selling for Tradies"04:08 Strategic Acquisitions and Buyer Identification06:29 Scheduled Maintenance for Project Businesses09:50 "Balance: Working In vs. On Business"14:53 Private Equity Buyer Concerns17:47 Perpetual Demand in Service Industry19:52 Growth Challenges and Acquisition Strategy23:52 Private Equity Value in Mergers28:45 Urban Surf Ranch Location Dilemma32:27 Cash vs. Accrual Accounting Explained36:07 "Embrace Experts: Fractional CFO Trend"39:14 Generational Business Sale Challenges43:48 "Preparing Tradies for Business Exit"44:28 Toasting TraditionsTakeaways:• The top 5 things that stop trade businesses from selling• What private equity and buyers look for in a business• Why recurring revenue and less owner dependency boost value• Actionable steps to get your business ready for a stress-free exitTogether, Matt and Cameron dig into the key challenges and red tape business owners face when preparing to sell, from legal and accounting hurdles to operational nuances. They break down the five critical mistakes that can ruin your trade business sale, sharing real-world stories, expert advice, and practical steps you can take to position your business for a successful—and profitable—exit. Don't let your business fall behind—explore the power of AI with Tradie Hub. Visit tradiehub.net to see the innovative AI tools crafted just for tradies. Discover how you can stay ahead and transform your business with cutting-edge technology! 🧰 Want Access To Tools & Training from Industry Leaders? Join Tradie Academy, our free community packed with templates, checklists, and resources shared by podcast guests, coaches, and successful tradies.👉 Join free and grab your next growth tool. 📲 Stay Connected: Facebook: The Site Shed Instagram: @thesiteshed LinkedIn: The Site Shed Website: thesiteshed.com Join a global community of 6000+ trade professionals https://www.facebook.com/groups/TheSiteShed ⭐ Enjoyed This Episode? Leave us a review here! Google Facebook Spotify/Apple
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