In this episode of The Site Shed podcast, host Matt Jones delves deep into the world of business acquisitions and selling a trade-based business. Joined by expert guest James Nathan, they explore key topics that every business owner should consider when navigating the acquisition process. From scepticism about 10x returns to mitigating risks and increasing the value of a business, this episode provides valuable insights and strategies for those looking to sell their trade-based business. Discover the secrets of successful mergers, the importance of planning and preparation, and the crucial elements that contribute to a smooth business transition. Tune in now to gain the knowledge and blueprint necessary for a successful business sale. Don't miss out on this episode packed with valuable advice and actionable tips.

Watch the video version of this podcast at https://youtu.be/196Rnn_XCSc

Discussion Points:

00:03 - Setting up a business for sale challenges.
00:04 - Starting a business is hard; succession planning is difficult.
00:09 - Simplifying business selling process: neatening, accounting, financials.
00:12 - Over-systemising can be unnecessary and ineffective.
00:17 - Focus on valuable processes for business growth.
00:18 - Embedding processes into workflow for new clients/employees.
00:22 - Complexity of business valuation
00:25 - Increase earnings, reduce costs, improve tax structure.
00:31 - Building, selling to trade buyers boosts value.
00:34 - Merging companies is harder than it seems.
00:38 - Red flag: customer concentration, deferred payment.
00:42 - Important factors for selling a profitable business.
00:48 - Evolving business fundamentals; aligning expectations for success.
00:52 - Get 30 Guaranteed Leads in 90 Days!


Resources:

• Read our blog on this episode - https://www.thesiteshed.com/trade-based-business-acquisition-james-nathan
• James Nathan Website - https://www.jamesnathan.co/
• Opulentia Capital Website - https://opulentiacapital.com/
• Get in touch with James at [email protected]
• Get social with James at @jamesnathan
• Are you ready to sell your business for a life changing amount of money? - https://james.scoreapp.com/
• Get 30 leads in 90 days! Learn more here: https://tradie.wiki/offer
• Learn more about the CRM that DOES IT ALL for your trade business! Just click on this link: https://tradiehub.net
• Join a global community of 6000+ trade professionals

Your Next Step:

Join Tradie Academy, our free community packed with templates, checklists, and resources shared by podcast guests, coaches, and successful tradies.

👉 Join free and grab your next growth tool here: https://tradie.wiki/pod

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