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 things that a Business owner should 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
For more in-depth reading about this podcast series, pick up a copy of Justin's new book: The Ultimate Sale
Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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