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The Justin Goodbread Show


Welcome to The Justin Goodbread Show, your ultimate source of inspiration, encouragement, and education for today's thriving business leaders. Join us as we embark on a journey to empower and uplift successful business owners like you. Get ready to uncover the insights, strategies, and stories that will propel you to even greater heights in the world of entrepreneurship. So, stay tuned, because on The Justin Goodbread Show, success is just a conversation away! While all the insights shared are for educational purposes, remember to seek advice from a professional regarding your unique circumstances. The Justin Goodbread show is a Financially Simple production.

Apr 17, 2023

Few things in life are as emotional and complex as a business sale. You've poured your blood, sweat, and tears into your business for years—even decades—and now, it's time to sell. But should you try to sell your business on your own, or use the services of a business broker?

 

Is it worth the headache of attempting to facilitate a sale while still operating your business? Are you certain of the real value of your business? Do you have what it takes to negotiate the best price? Can you differentiate between legitimate offers and scams?

 

In this episode, I look at the pros and cons of working with a broker, as well as detail some of the steps you can take to ensure that you're hiring the right one.
 
This week on The Financially Simple Podcast:

 

  • (0:44) What is a business broker?

  • (3:00) A simple analogy: For Sale By Owner vs Realtor

  • (4:50) Why you should use a broker to sell your business

  • (8:00) Personal experience with an intermediary

  • (9:05) How do you choose a broker?

 

Our Favorite Quotes: 


"Doing the right thing at the wrong time is the wrong thing." - Justin Goodbread

 
About The Financially Simple Podcast 
 
If you are looking for a podcast that speaks directly to the challenges and puzzles of running a business, you’ve come to the right place. The Financially Simple podcast was built for you. With over 400 episodes and counting, our host Justin Goodbread covers a broad range of topics, from starting a small business, to prepping it for sale, to growing your personal wealth. Justin’s combination of analytical skills, tough love, and a healthy dose of experience delivers practical ideas that will benefit business builders at every stage of their business journey.  

 
If you have questions, or comments for Justin, submit those at: https://financiallysimple.com/ask-justin/ 
 
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Financially Simple is a division of WealthSource Partners, LLC (“WSP”), which offers investment advisory and financial planning services. All investing involves risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Business planning services offered by WealthSource Business Advisors, LLC (“WBA”). 

 

This podcast is distributed for informational purposes only. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast’s guests and do not necessarily represent the views and/or opinions of WBA, WSP or their affiliates or representatives. Statements made in this podcast are subject to change without notice. Neither WBA, WSP or their representatives, the podcast’s hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. Statements made in the podcast are not to be construed as legal or accounting advice or as personalized advice of any nature. Listeners should conduct their own review of any statements made or strategies discussed and exercise judgment or consult with their own professional advisor to see how the information contained in this podcast may apply to their own circumstances.