What Type of Buyer Should You Sell Your Company To?

31/07/2024 16 min Episodio 58
What Type of Buyer Should You Sell Your Company To?

Listen "What Type of Buyer Should You Sell Your Company To?"

Episode Synopsis

If you’re an entrepreneur, the idea of selling your business may have crossed your mind more than once. If you ultimately decide to sell your business, you’ll likely encounter two main types of buyers: financial and strategic. It’s critically important to consider which type of buyer is the right one for you and your company. On the latest episode of Your Money & A Cup of Joe, we’re exploring how these two categories of buyers could play an important part in how much you get for your company.Chapters:0:00 - Introduction and overview on the topic of the show1:29 - What entrepreneurs can expect when encountering a financial buyer3:02 - Where the seller fits into a financial buyer's vision for the company4:37 - How are entrepreneurs most likely to encounter financial buyers5:40 - The difference between strategic buyers and financial buyers7:10 - How a strategic buyer sees greater value being created8:37 - The various types of strategic buyers out there9:21 - How you can decide which type of buyer is best for your company10:32 - Joe's guidelines for working with strategic buyers11:43 - How to get in touch with Joe and his team14:20 - Closing remarks