Business Broker: Buying and Selling a Business with Steve Fylypchuk
Manage episode 433740415 series 3567128
In this episode of "Beyond Wealth: Success Unscripted," host Matt Calnan sits down with Steve Fylypchuk, a certified business intermediary with over a decade of experience in helping business owners successfully exit their businesses. Steve shares his insights on the nuances of buying and selling businesses, the importance of proper preparation, and why having a knowledgeable business broker can make all the difference.
Key Points:
- Steve's background as a small business owner and his journey to becoming a business broker.
- The roles and responsibilities of a business broker, including the importance of confidentiality.
- Common misconceptions about selling a business and the pitfalls of using accountants or lawyers for the process.
- The typical timeline and steps involved in selling a business, from valuation to closing the deal.
- Advice for business owners on how to prepare their business for sale and increase its value.
- Tips for potential buyers on what to look for and how to prepare for purchasing a business.
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