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The Site Shed Podcast
After evaluating your business, the second step is to prepare it for selling. This preparation is challenging, but it’ll be easier with the help of the right professionals and the right mindset.
In this episode, Brandon shared a list of things you will need to prepare your business for sale. The first on the list is to have a service and replacement residential work mix. The second is to have proper management in place. The third on the list is about updating your assets. He also noted that service agreements and warranties are essential aspects.
Twenty years ago, entrepreneurs believed they could not sell their businesses. Today, people are opting to sell their businesses, primarily if the company can be sold on fair market value.
Buying or selling a business has its processes. A company’s financial status is not the sole factor in valuing a business. Its’ goodwill or its intangible assets are also taken into consideration.
In this episode, Brandon shares his knowledge of the processes involved in selling a business, and also shares insights on how to increase your company’s value.
If you think building a business that can earn a million dollars within four years is impossible, then we just might prove you wrong. We’re not saying it’s easy! But with the right mindset, planning, and implementing changes within yourself and your organization, you can turn that dream into a reality.
You also need to make sure you’re armed with the proper help from the proper people. And in this episode, we’re joined once again by Jason Spaull of Coastal Asbestos Removal. Whether you’re up to the task of establishing a million-dollar company or simply want to pick up some useful tips to improve your business, you’ll surely love this episode.
The Site Shed podcast is available for FREE wherever you listen to yours.