Freedom Factory's Podcast

In today's episode of the podcast, Robert Hirsch from Freedom Factory speaks about the difference between financial investment bankers and business brokers . Hi, it's Robert Hirsch from Freedom Factory again. And I wished to talk with you today about a question that we get a lot, and it's, what's the distinction between a broker and an investment lender? And you understand, as a business owner, I didn't know the difference. The first time I offered a company, I used a financial investment banker. And, you know, and long story short, I ended up being a broker because the entire situation might have gone better. And so what I found out was that business brokers , all they do is sell services and mostly entrepreneurial businesses. And often they offer it to other business owners, in some cases they offer it to personal equity firms, smaller personal equity firms, often venture capital's, often little roll-ups. However they're actually focused ...

Today's episode of the podcast, Robert Hirsch from Freedom Factory speaks about the methods you should be utilizing when getting your business ready to sell. Hi, it's Robert Hirsch from Freedom Factory. I was just developing in my mountain home and I required to inform you this. I'm just dealing with it with a new customer and we're getting their company ready for sale, and I'm going through all their details, and I realized that not only do I need to inform our brand-new consumer this, but I think telling all of our clients how to get your company prepared for sale is just going to help our people and our entrepreneurs. So to start with, I want to speak about a distinction between owning a task and owning a company. And I discuss this a lot, but perhaps I have not explained it along with I could. So if you're uncertain if you own a task or you own a company, simply don't appear for a week. Maybe do a little bit of work from home. But if your...

In today's episode of the podcast, Robert Hirsch from Freedom Factory talks about -  What is the Most Undervalued Asset Class . Hi there. It's Robert Hirsch from Freedom Factory again, and I want to talk to you today about what I see as  the most undervalued asset class  on the planet. And that's small business. If you're to go buy a small business, and let's say it's making $200,000 a year and it's in an average industry, and you know an average thing, you might be able to buy it for three times earnings. And what that means is the purchase price of the company would be $600,000. Now a lot of guys are watching saying, you know, maybe I don't have a $600,000 check or a 6 million check or a 60 million check. Put whatever size is appropriate for you, but you can go get things like small business loans. You can do seller carry notes. Often you can buy a company throwing $200,000 a year, for only a hundred or $200,000 into it or less. And when ...

Selling a business seems pretty straightforward – offer your business to prospective buyers, sign the deal, and voila! However, it is not always the case. Many business owners are struggling to sell their business. Finding buyers alone takes time. Some already find buyers, but as they take off, things begin to fall, and they end up going back to square one. In today's episode from Freedom Factory Robert discusses the single biggest mistake entrepreneurs make when selling their business, and how to avoid it. https://freedomfactory.com/sell-my-business Hi again. Robert Hirsch here, from Freedom Factory, and i want to tell you today about the single biggest mistake that I see sellers make when selling their business. Now, In business you know there's simple and there's complex. And I think we all know the Einstein quote about, you know, any fool can make it more complex, It takes a real genius to make it simple. and I want to Robert Hirsch - Freedom Factory An...

Listen to Robert Hirsch from Freedom Factory talk about the steps you should take in preparation for selling your business. If you're interested in finding out how to get the maximum value for your business, contact Freedom Factory today. Contact Freedom Factory Freedom Factory 5500 Greenwood Plaza Blvd., Ste 230 Greenwood Village, CO 80111 Phone: 844-MAX-VALUE (844-629-8258) https://www.freedomfactory.com/ https://freedomfactory.com/sell-my-business Follow us on Twitter  @freedomfactory7 Subscribe to Our Youtube Channel Hi, Robert Hirsch from Freedom Factory here. And I want to talk to you about one of the most common questions that we get here, which is, how do I get my business ready to sell? Or I've decided I want to sell my business. Now what? Well, the first thing you need to do is to get your house in order. So go and get two or three years of tax of tax records. And financials and put those together. Get them from your accountan...

Robert Hirsch, founder of Freedom Factory, discusses the different types of contracts to sell your business. Hello, this is Robert Hirsch from Freedom Factory, and I want to talk to you about something that sometimes you get so involved in selling businesses that you don't realize that you have all these TLAs or three letter and acronyms that people don't understand. And so I just got a letter from one of my clients and he was talking about the difference between deal structure when selling a business. And so we're going to cover what's the difference between a stock purchase agreement and an asset purchase agreement because they're, they're pretty fundamental and often in the LOI or the letter of intent, it's going to be listed whether they want to do a stock purchase agreement or an asset purchase agreement. Stock Purchase Agreement or Asset Agreement? What's the Difference? And so as both a seller and a buyer, often if you don't k...