Selling your business is one of the biggest financial decisions you'll ever make — and the offer you receive is just the beginning.
In this episode, Laura and Jeremiah Lee break down what really happens when a buyer shows interest, from understanding different types of offers to evaluating the real value behind the numbers.
Learn how to:
Prepare your business and mindset before saying yes
Build the right team of advisors to protect your interests
Avoid common pitfalls that derail deals
Navigate the sale timeline with clarity and confidence
Key Takeaways:
Business owners often feel unprepared when receiving an offer to sell.
It's crucial to understand the difference between strategic and financial offers.
Building a strong team of advisors is essential for a successful sale.
Evaluating the gross versus net value of an offer is critical.
The timeline for closing a deal can vary significantly.
Personal financial planning should align with the sale of the business.
Investment bankers can help maximize the sale price by generating interest.
Understanding tax implications is vital when selling a business.
Negotiating terms clearly can prevent future misunderstandings.
Emotional readiness is as important as financial readiness when selling a business.
This episode is a must-watch for business owners, entrepreneurs, and families serious about generational wealth.
Reach out at contact@tricordadvisors.com
Connect with Jeremiah:
LinkedIn: https://www.linkedin.com/in/jeremiahjlee/
Email: Jeremiah@tricordadvisors.com
Connect with Laura:
LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/
Email: Laura@tricordadv.com
Connect with Randy:
LinkedIn: https://www.linkedin.com/in/rkbarkley/
Email: Randy@tricordadv.com
