Feb 22, 2018
In episode 27 of Financially Simple, Justin looks at the process of selling your Business by Auction.
Auctioning a Business is similar to auctioning a car or a cow - but there are some differences and thing that a Business owner should first consider. Justin goes over the basics of auctioning a Business for sale, how they work, what is needed, and whether or not an auction is the best tactic for selling your Business.
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00:33 - Can I get a bid or not?
02:52 - Selling your Business by Auction
03:35 - Is this a good deal?
06:29 - How does an Auction work?
09:37 - Should I use an Auction?
10:45 - You need a plan in place
12:23 - When should you use an Auction?
14:42 - Reasons not to Auction
17:03 - In Summary
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Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.