Freedom Factory's Podcast

Today's episode of the podcast, Robert Hirsch from Freedom Factory discusses "How do I Build the Machine to Work ON My Business vs IN the Business".   Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory Should I Hire a Consultant or a Business Broker to Sell My Business? How do I Leverage Other Peoples' Money For Buying a Business?   Transcript of Podcast Hi, Robert from Freedom Factory here, and I want to talk to you about something that is entrepreneurs we hear a lot, but we don't necessarily think about a lot. And I'm sure we've all heard the analogy of working on your business as opposed to in your business. And this is especially true when you want to go sell your company. So if you're this highly specialized piece and you have to, you're the only person that can make it rain. Your business is going to sell for a lot less. Then if your business ran even better when you weren...

Robert Hirsch from Freedom Factory, discusses whether you Should Hire a Consultant or a Business Broker to Sell Your Business ? Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory Seller Beware! The Big Reasons Deals Don't Close What are the Secrets of Selling Your Business for Maximum Value?   Transcript of Podcast Hi Robert Hirsch again, and I want to talk to you about something, which is a question that we get a lot, which is small business brokers . Should I hire them? Do I hire them before selling? And I must admit I've got a bit of a conflict on this. I was a consultant for a long time, both a management consultant as well as the liquidity consultants. So just understand my bias before we get too far into it. So a lot of consultants have relevant experience, but what very few consultants have relevant experience in is selling their business. So what hasn't worked well that I've seen in the past i...

Robert Hirsch from Freedom Factory discusses 'How do I Connect to My Purpose with My Business'. Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory How To Prepare My Business To Sell What Type Of Contract Do I Need To Sell My Business?   Transcript of Podcast Hi Robert Hirsch again, and I want to talk to you about something, which is a question that we get a lot, which is small business consultants. Should I hire them? Do I hire them before selling? And I must admit I've got a bit of a conflict on this. I was a consultant for a long time, both a management consultant as well as liquidity consultant. So, just understand my bias before we get too far into it. So a lot of consultants have relevant experience, but what very few consultants have relevant experience in is selling their business. What hasn't worked well that I've seen in the past is when someone has a general advisor and they're givin...

How do you sell your business  for maximum value? Robert Hirsch from Freedom Factory, discusses the Secrets of Selling Your Business for Maximum Value" . https://freedomfactory.com/sell-my-business Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory What Are the Types of Business Buyers? Seller Beware! The Big Reasons Deals Don't Close   Transcript of Podcast What are the Secrets of Selling Your Business for Maximum Value? Hi, it's Robert Hirsch from Freedom Factory. And I wanted to talk to you about a really important subject. And these are really the secrets of selling your business for maximum value. And so, at Freedom Factory, we do a lot of the work for you in terms of what it takes to be able to sell your business. And we have a great partnership, and I'll get into that in a little bit, but more than anything else what we do is help you craft your best story, and when you're crafting a story...

Robert Hirsch from Freedom Factory discusses 'How To Leverage On Other Peoples' Money for Buying a Business' . Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory Can I Sell My Business By Myself or do I Need Help? Time to Find Freedom and Buy Your Own Business   Transcript of Podcast Hey everybody, Robert Hirsch from Freedom Factory here, and I want to answer a question that we get a lot, which is, how do I pay for a business. Now after doing this almost exclusively for 20 years, all you do is see these deals go through. And what looks normal to me is really different to a lot of my fellow entrepreneurs. And so I was with a group of entrepreneurs speaking to them last night. And what they told me is they said, Robert, I don't have 2 million sitting around to buy a business, you know, maybe a private equity guys or venture capital guys, or more successful entrepreneurs. But that's not me. And I thoug...

Do you own a job or a business? Many entrepreneurs don't recognize the difference between the two. If you are a businessman, it is essential to know how your company performs if you're physically there and if you're not. That way, you can find out if your business continues to profit or not. There's a litmus test to find out if what you have right now is really a business or just a job.  Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory Strategies for Getting Your Company Ready to Sell How are Brokers Different from Investment Bankers?   Transcript of Podcast Hi, Robert Hirsch here from Freedom Factory, and one of the most frequent questions we get is, can I sell my business? And the answer is always yes. It just depends on what's the price. And if you own a job, it's very difficult to sell. And the multiple is usually one or less. And if you don't know whether you own a job or you own a ...

Today's episode of the podcast, Robert Hirsch from Freedom Factory "Seller Beware! The Big Reasons Deals Don't Close" Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory How Do I Sell My Business? When is the Right Time to Sell My Business? Transcript of Podcast Hi everybody. This is Robert from Freedom Factory and I want to talk to you about it a pretty serious topic today, and it's the biggest reason that deals don't close. Now, personally, my close rate on deals has been really strong over the last 10 or 15 years, but I see a lot of people, you know, the industry standard, they close less than 50% of deals. So, it's almost unbelievable when you think 50% of people that agree to pay a price for a business don't actually buy it. And I want to jump into why that is, and more importantly, how can you can make sure that doesn't happen to you. So first of all, when the biggest reason t...

Robert Hirsch from Freedom Factory talks about whether you should 'Grow a Business or Buy a Business'.   Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory What is Entrepreneurial Freedom? What is Your Stupid Human Trick? Transcript of Podcast Hi Robert Hirsch from Freedom Factory, and I want to talk to you about something that's pretty important for an entrepreneur. And frankly, I don't think most entrepreneurs consider, which is when they want to grow their company, do you want to build it or do you want to buy it or growth by acquisition. Now, historically, a lot of entrepreneurs haven't really considered it, and the reason for that is that buying and selling small businesses has been a pretty inefficient asset class. It's hard to find the right one. It's hard to find a real one. It's hard to know what business you're in. Not a lot of brokers really disclose a lot of meaningful i...

Today's episode of the podcast, Robert Hirsch from Freedom "Factory discusses 3 Ways to Maximize Your Company's Value" , frequently asked by business owners, and people who want to start a business. Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory What Does Freedom Mean to me to Sell my Business? What is My Business Worth? Transcript of Podcast Hi, Robert Harris from Freedom Factory here again, and today I want to talk to you about the three ways to maximize the value when you go to sell your business. The first is to maximize your multiple, and what I mean by that is there are different multiples for different businesses and we can talk about what that looks like. But for example, I had a company come to me to sell and its name was something excavation, and it started off being an excavation company, but in the last 20 years, it really turned into a construction company, but 80% of its revenues wer...

Robert Hirsch from Freedom Factory discusses 'What is the Process to Sell Your Business Quickly' . Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory How do I sell my business? Strategies for getting my company ready to sell Transcript of podcast Hi, Robert Hirsch here from Freedom Factory. A question that we get a lot is, how do I sell my business quickly? So if you've come to the decision to sell your business, as soon as you make that decision, you want it to happen as fast as you can. There are a couple of things that we've done to really optimize the process. And when we do it here, we've compressed it down to the 147-day timeline. And we've done that by really being able to control the seller's process. For example, if you're selling your business and every buyer that calls, they have different questions and they want to talk to you and meet your management team, that becomes a...

Robert Hirsch from Freedom Factory discusses ' What Does Freedom Mean to me to Sell my Business '. Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory How are Brokers Different from Investment Bankers? Don't Make The Single Biggest Mistake When Selling Your Business Transcript of podcast Hey, it's Robert Hirsch from Freedom Factory, and I want to talk to you about our first core value here, which is freedom and what it means to me and the evolution of the definition of freedom. So when I started as an entrepreneur 25 years ago, my definition of freedom was being able to do what you want, when you want, with whom you want, as often as you want. And that led to a really fun twenties in San Francisco and in Colorado. It was spectacular. I owned my time and it gave me the ability to break the time for money equation, right? Meaning when my buddies were at work from nine to six, I could create my own schedul...

Hi people. Robert Hirsch from Freedom Factory. And I wish to speak to you about something actually essential and specifically what is flexibility? And people talk about freedom all the time. It's our core value. It remains in our company name. It remains in our intro it's, or outro, it's our, it's our top of the list core value and freedom is among those things that implies various things to different people. So I wished to specify it at least as we see it for our fellow business owners. And so my short tried response is freedom is having the ability to do what you want, with who you desire, as typically as you want. Which's just partly true. But what freedom actually is, is being able to choose every morning when you awaken, having the ability to be on point and on purpose, where function and enthusiasm truly come together and comprehending what that looks like. A lot of individuals think that freedom, they say, well, Robert, are you free? And I definitely spe...

Robert Hirsch from Freedom Factory, discusses the commonly asked question, " What is my Business Worth? ", frequently asked by business owners, and people who want to start a business. Listen to the podcast, watch the video, or read the transcript below. What is My Business Worth? Additional Videos From Freedom Factory What is the Most Undervalued Asset Class? Don't Make The Single Biggest Mistake When Selling Your Business Connect with Managing Partner Tyler Tysdal on Linkedin Transcript - What is My Business Worth? What is My Business Worth? Hi, Robert Hirsch from Freedom Factory here. One of the questions that we get most often is, what is my business worth? If you're like me, most entrepreneurs are so interested in growing their business that what it's worth doesn't really come up that often. I always focus on growing sales, and I figure if I grow sales, and I run it efficiently, the business is going to get better and it's going to be wor...