Freedom Factory's Podcast

Today's episode of the podcast, Robert Hirsch from Freedom Factory discusses "Strategy to Sell My Business if I am in YPO (Young Presidents' Organization)". Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory How to Stay Involved in My Business But Sell the Majority I Love My Business. How do I Sell My Baby? Boulder Boat Works case study.   Transcript of Podcast Hey, it's Robert Hirsch from Freedom Factory, and I want to talk to you about selling your business if you're in a YPO. Now, if you're in the young president's organization, congratulations! You've hit a certain level of complexity and growth to your business and you've grown it far beyond 95% of entrepreneurs ever will. When it comes time to selling your business, there's a couple options, right? So one, everybody knows somebody and they want to introduce you, and that's how I made my largest mistake. When I w...

Today's episode of the podcast, Robert Hirsch from Freedom Factory discusses "Strategy to Sell My Business if I am in EO Entrepreneurs Organization". Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory How do I Sell My Business without a Broker? Secret Value of Selling Your E-Commerce or Digital Business   Transcript of Podcast Hi, it's Robert Hirsch here from Freedom Factory, and I want to talk to you about selling your business if you're in the entrepreneur’s organization or EO. Now, I've been an entrepreneur for the better part of 25 years. And I remember when I first joined EO, it was YEO and I was in my early twenties and I learned of a lot. The two things that really underpinned entrepreneurial growth for me were, one, a peer learning group like EO. And second was learning how to groom mentor relationships. If you think about a university or any type of learning environment, you usuall...

Today's episode of the podcast, Robert Hirsch from Freedom Factory discusses "How do I Sell My Business Without a business Broker" . Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory How to Build My Business Into a Machine vs. a Job - Crypto Part 1 How to Build My Business Into a Machine vs. a Job - Crypto Part 2   Transcript of Podcast As entrepreneurs, some of our best content is when we speak the unspeakable. And there are many people that give us a call here at Freedom Factory and they want us to sell their business but the problem is we can't pay for ourselves. And if we can't pay for ourselves, we don't take them on as a client. So I wanted to create a video, which kind of shows you the things to think about and essentially how to sell your business without a broker. So the first thing you want to think about is what's your business worth? And valuation makes a lot of sense and t...

Today's episode of the podcast, Robert Hirsch from Freedom Factory discusses "How to Sell Your Share of a Business if You Have Other Partners". https://freedomfactory.com/sell-my-business/   Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory Secret Value of Selling Your E-Commerce or Digital Business I Love My Business. How do I Sell My Baby? Boulder Boat Works case study.   Transcript of Podcast As entrepreneurs, there are certain things that are very easy for us to do and there's certain things that are very difficult for us to do and frankly, what's easy for us is generally an optimistic viewpoint of the world - grow, grow, grow, sell more. And what's hard for us to do is to realize that we made a mistake or admit it or try and change a situation. One of the most difficult questions that we get is, how do I sell my share of a business ? That's really difficult because it depends on the...

Robert Hirsch from Freedom Factory discusses "How to Stay Involved in My Business But Sell the Majority".   Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory Secret Value of Selling Your E-Commerce or Digital Business How do I Connect to My Purpose with My Business?   Transcript of Podcast Hi, Robert Hirsch from Freedom Factory again, I just had a really interesting email from one of my clients, and long story short, rumors got out among their employees that they were selling the company and he chose not to share that with his team and now it's created some problems for him. And so I wanted to talk to you today about whether you should tell your employees that you're thinking of selling your company or not. To me, when I sell one of my companies or my advice on it, it's always honesty and transparency is the best policy.  And that's easy to say and hard to do and you understand the culture...

Today's episode of the podcast, Robert Hirsch from Freedom Factory talks about "How do I Approach a Competitor to Buy My Business?." https://freedomfactory.com/sell-my-business/ Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory What is The Myth of the Million Dollar Idea? How are Brokers Different from Investment Bankers?   Transcript of Podcast Hi, it's Robert from Freedom Factory. And I want to talk to you about something pretty new ones today, which is how to approach a competitor to buy your business or how to sell your business to a competitor. And it's a question that a lot of entrepreneurs have, but it's really difficult and it depends on a lot of factors, right? Are they larger or are they smaller? Competitors or what I call coopetition or friendly competitors. Do you have an existing relationship or when you're both speaking at the trade shows, do you walk by each other with a...

Robert Hirsch from Freedom Factory talks about "Secret Value of Selling Your E-Commerce or Digital Business" . https://freedomfactory.com/sell-my-business Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory I Love My Business. How do I Sell My Baby? Boulder Boat Works case study. Grow a Business or Buy a Business?   Transcript of Podcast Hi, today I want to talk to you about selling your eCommerce or your digital business, and in my opinion, there's that a more undervalued business class on the planet. For example, let's say you have a shopper, a bowling alley in the town that you live in. There's only a limited amount of people that are going to live in that town or are going to move there in order to run it. Now, if you have a business that's not geographically located, let's say it’s an information product business or a coaching business or a fulfilled by Amazon business, or just a hard ...

 Today's episode of the podcast, Robert Hirsch from Freedom Factory talks about "Can I Sell My Business By Myself or do I Need Help?." Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory Caution: What is the Trap of the Working Wealthy? Seller Beware! The Big Reasons Deals Don't Close   Transcript of Podcast Hey, it's Robert Hirsch from Freedom Factory, and I want to talk to you about choosing the right partner to help you sell your business . Now, if there's a lot of people that say, Oh, I know somebody, but just because you know somebody doesn't mean that you have the right person that's going to maximize the value on the biggest asset in your life. Right? People say buying a home is the biggest purchase your sale you're ever going to make. And that's certainly not true. If you're an entrepreneur, it's going to be selling your business . So there's a couple of le...

Today's episode of the podcast, Robert Hirsch from freedom factory talks about "Time to Find Freedom and Buy Your Own Business." https://freedomfactory.com/buy-a-business Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory How do I Connect to My Purpose with My Business? What Does Freedom Mean to me to Sell my Business? Transcript of Podcast Hey, it's Robert from Freedom Factory, and I want to talk to you about something that is a really strong belief of mine, but I was in a forum meeting with my fellow group of entrepreneurs and one of my friends looked at me and he said, is buying a business really the most undervalued asset class? You've said that to me often, but I don't know if I necessarily believe it. So I wanted to go through some simple math and the way I look at buying a business and the way I look at other investments. For example, if you buy a business for four times earnings, and ...

Robert Hirsch from the freedom factory discusses "What is The Myth of the Million Dollar Idea?."  Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory How to Build My Business Into a Machine vs. a Job - Crypto Part 1 How to Build My Business Into a Machine vs. a Job - Crypto Part 2   Transcript of Podcast Hey, it's Robert from Freedom Factory, and I want to talk to you about an entrepreneurial truth and what I call this is the myth of the million-dollar idea. The other day I was talking to a friend of mine and he was looking at our company and he said, man, I wish I had that idea. And I talked to him about the myth of the million-dollar idea. And I said, that million dollar ideas don't exist. And he didn't understand what I meant. So then I asked him a question. I said, what's the difference between a million-dollar idea and $1 million? And he thought about it for a second and he said, well, I...

Today's episode of the podcast, Robert Hirsch from the Freedom Factory talks about "Caution: What is the Trap of the Working Wealthy?". Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory How do I Build the Machine to Work ON My Business vs. IN the Business ? How do I Connect to My Purpose with My Business?   Transcript of Podcast Hey, it's Robert from Freedom Factory, and I want to talk to you about a big mistake that I made early in my entrepreneurial career. I fell into what I call the trap of the working wealthy. Now, when I started as an entrepreneur, it was because I had to change my station in life. I really wanted to. Benjamin Franklin defined a self-made man as someone that wants to change their station in life, and through integrity, hard work, and perseverance, they can do that. And that really resonated with me. So I pretty much worked all day every day. And entrepreneurship in the early ...

Robert Hirsch from Freedom Factory, talks about business, "I Love My Business. How do I Sell My Baby? Boulder Boat Works case study". 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 Secrets of Selling Your Business for Maximum Value? Seller Beware! The Big Reasons Deals Don't Close   Transcript of Podcast Hey, it's Robert from Freedom Factory, and I want to talk to you about a case study, which is on a company that I used to own called Boulder Boat Works. And for those that don't know what that is, we made the Ferrari's of drift boats. We made the best drift boats for fly fishing on the planet. One of my big passions in life for 20 years has been fly fishing. I love it and when I got a call from the former owner who said, Hey, can you help me sell my company? And I said, well, I said, in full disclosure, let me look at it and see if I...

Today's episode of the podcast, Robert Hirsch from Freedom Factory, talks about "Building A Business Into A Machine vs. A Job. (Part 2)." Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory How do I Connect to My Purpose with My Business? Grow a Business or Buy a Business? Transcript of Podcast Hey, it's Robert Hirsch, and this is the second part of the, how do I build a machine video? And if you haven't watched that, I'd recommend going back to that first because it's going to make this one even more valuable. So, to recap, we wanted to have exposure to the crypto market, but I wanted to think like an entrepreneur. I wanted to build a machine, which meant that I wasn't just going to go out and buy five Bitcoin like a trader and stick it in a wallet and hope it went up. So did I do that? The answer is no. What did I do? Well, that's a little bit different and you might have to follo...

Today's episode of the podcast, Robert Hirsch from Freedom Factory, talks about "Building A Business Into A Machine Vs. A Job. (Part 1)" Listen to the podcast, watch the video, or read the transcript below. Additional Videos From Freedom Factory Key Difference Between Owning a Business and Owning a Job How do I Connect to My Purpose with My Business? Transcript of Podcast Hi, Robert from Freedom Factory. And a lot of these questions that we're getting are coming from our previous videos where I talked about owning the machine as opposed to owning a job. And if you didn't know what you had, the litmus test was don't show up for a month. If your business makes more money or stays the same, you own a business or a machine. If it goes down, you own a job. So how do you own a machine? And so I wanted to do a little two-part series and talk about how I own a machine or how we own a machine here at Freedom Factory and how do we think entrepreneurially. So th...