Business
So you know you want to buy a business. Maybe you decided it’s time to put your cash to good use. Maybe you plan to buy out a competitor! Whatever your reason, we’re going to guide you through the most important questions and considerations to help you prepare for this exhilarating journey. It’s all about making thoughtful, informed, strategic decisions when it comes to buying a business. Are you ready? Listen to M&A Matters Part 1 - Valuing Your Business Listen to M&A Matters Part 2 - Selling Your Business The Conversation: 3:54 - Today’s Moment of Truth, John 11- Why does Jesus allow struggles and suffering to take place? 9:06 - The first and most important question to ask yourself when buying a business: “What problem am I trying to solve?” 11:29 - The approach - How to avoid scaring off prospective sellers 13:08 - The due diligence steps every buyer needs to make before acquiring a business 14:01 - How to mitigate risk - Are you able to identify and transfer the value of the business? 15:51 - Is an earnout the right option for you? 18:51 - Are you buying stocks or assets? 20:14 - How PPP Loans are affecting acquisition in today’s economy. 21:56 - Think you’re ready to make an acquisition? Here’s our final tip and why you should consider having someone to guide you along the way. Resources For You: If you need help building (or selling) a valuable business, reach out to Cathedral Consulting at info@cathedralconsulting.com Questions for Seth? Send us your feedback at hello@BDRPodcast.com Pick up your copy of Ambition: Leading With Gratitude