When is the Best Time to Sell My Business? Timing Considerations From an Investment Banker
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Navigating the sale of your business can be a tricky subject, one with countless considerations and variables at play. One, extremely important, item is the timing of the sale.
On the latest episode of Lessons by the Lake, Bob sits down with Nick Stanley, Managing Partner at Crown Point Partners, to provide his insights on this pivotal time for business owners through the lens of an investment banker.
Nick sheds some light on key questions business owners should be asking themselves, as well as some action items that should be addressed prior to the sale of a business.
Join us for another thought-provoking conversation that's bound to leave you with some takeaways for the sale of your own business.
Chapters:
0:00 - Introduction and overview on the topic of the day
1:56 - Background on Nick Stanley
3:34 - Nick's career path that led him to Crown Point Partners
6:43 - Nick's work with the Knight Cancer Institute
9:31 - The types of clients Nick serves and how investment bankers add value to selling a business
12:01 - The timing considerations when a business owner is considering their succession
15:23 - Increasing inflation and interest rates influencing the buyer's perspective
20:55 - Engineering a competitive environment for the sale of a business
24:35 - Examining the good, the bad, and the ugly of a given company
31:22 - Leveraging a systematic process when selling your business
35:28 - Navigating life and family circumstances during the sale of your business
40:26 - Why you should use an investment banker when selling your business
42:20 - How to get in touch with Crown Point Partners
43:30 - Closing remarks
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