Episode 88: Exiting Your Business With Joe Valley of Quiet Light Brokerage
The Ecomcrew Ecommerce Podcast
Shownotes Transcript
On today’s episode, Dave and I speak with Joe Valley. Joe works for Quiet Light Brokerage and is the Director of Business Services for the company. He joined their ranks back in 2012 after being one of their customers. Since joining Quiet Light he has closed 35 million dollars in transactions.
One of the key things to keep in mind in business is nothing lasts forever. Eventually, you will have to sell your business. Joe is here today to tell us how to make a business valuable to a future buyer. Both Dave and I have been through the selling process, so we have some insight on this subject. Dave has worked with Joe before when he sold a past business. We sort of use that as a reference point in our conversation. If you are considering or planning to sell your business, today’s episode is a must listen!
Here are today’s conversation points:
Introducing Joe Valley. What gives your business value? Why you should give yourself at least 12 months to prepare to sell. What is an “add-back?” How to wisely cut expenses to increase value. What is a “multiple?” Why you need to hire a bookkeeper. There is a buyer for every business.
We hope today’s episode was useful to you. If you want to get in touch with Joe you can email him at [email protected]) or you can check out the company at www.quietlightbrokerage.com).
Resources Mentioned Today:
If you have any questions or anything you’d like us to discuss on the podcast you can now email us directly at ecomcrew.com)! Just send those emails to [email protected]. Also, we would really appreciate if you would leave us a review on iTunes). Thanks for listening!