At Freedom Factory®, we have experienced and witnessed the explosive results of entrepreneurs aligning passion and purpose to create extraordinary value.
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?." Selling the business yourself allows you to save money. However, it can be a time-consuming process and an emotional venture for most of the business owners. Remember that when selling, your objective is to get the maximum value, find the right buyer, and make the best terms. Get the best out of your business. Listen to the podcast or watch the video here. https://vimeopro.com/freedomfa…/business-brokers/…/389990100
Selling a business can be done on your own or by the help of a brokerage firm. There are pros and cons to selling a business by yourself and asking advice from experts like a brokerage firm. The majority of business owners who want to sell their business ask help from experts, especially in maximizing the value of the company. The selling process is a tedious one, and without the help of experts, you could end up in the losing end of the deal. Asking help from a brokerage firm specializing in selling businesses may sound a more practical and smarter choice. Visit Freedom Factory's official website here: https://www.freedomfactory.com/ Download the podcast here http://freedomfactory.libsyn.com/can-i-sell-my-business-by-myself-or-do-i-need-help Contact: Freedom Factory 5500 Greenwood Plaza Blvd., Ste 230 Greenwood Village, CO 80111 Phone: 844-MAX-VALUE (844-629-8258) https://www.freedomfactory.com/ https://g.page/freedom-factory-denver Also, Follow Freedom Factory here https://vimeopro.com/freedomfactory/business-brokers http://freedomfactory.libsyn.com https://twitter.com/FreedomFactory7 https://www.facebook.com/Freedom-Factory-112201923642080 https://www.linkedin.com/company/freedomfactory/ https://www.youtube.com/channel/UCXUrv3qYNsR8NjZEWRDch5Q/ Additional Videos to learn how to sell your business. What is The Myth of the Million Dollar Idea? https://youtu.be/4CeX0STdxos Caution: What is the Trap of the Working Wealthy? https://youtu.be/NarnoTQlJkg Key Difference Between Owning a Business and Owning a Job https://youtu.be/GefZay3j0Bc What is Entrepreneurial Freedom? https://youtu.be/ziY-Jgbj1Yc #freedomfactory #sellyourbusiness #businessbrokers Robert Hirsch - https://roberthirsch.com Additional information on managing partner Tyler Tysdal https://tylertysdal.com
Today's episode of the podcast, Robert Hirsch from freedom factory, talks about "Time to Find Freedom and Buy Your Own Business." Buying a business is a valuable entrepreneurial feat that will transform your life, especially when you want to achieve time and financial freedom. Buy the right business for you, and take advantage of your unique abilities here at Freedom Factory. Listen to the podcast or watch the video here. https://vimeopro.com/freedomfa…/business-brokers/…/389990100
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 let's say you don't make any changes, it's flat, it doesn't grow, whatever. Your changes don't work. That's going to give you a 25% return, meaning it's going to pay for itself in four years because you bought it four times earnings.
Now, on the other hand, let's say you go buy a stock. Let's say that stock has a price to earnings ratio, which is really just a multiple of 33 well, you're buying it at 3% so I mean, what you're really hoping for is maybe 5% after taxes.
So when I look at what that looks like in three years or five years, and use any financial calculator that you want, and you look at the time value of money, those returns make such a massive difference. Warren Buffett's business partner is a guy named Charlie Munger. And Charlie Munger, they asked him, they said, if you were a young man and you were starting again, and there was no Berkshire Hathaway, what would you do?
And he said, I would buy as many software of service companies as I could at five to seven times earnings, which is generally what they go for with low churn, meaning they don't change. And I would change my whole time to forever. So once again, he would buy software as a service companies at five to seven times earnings. With very low churn and it would hold them forever. So he also sees that small businesses are the most undervalued asset class in America. So if you've ever thought about buying a business or how do you find a business that trades at three times earnings or four times earnings or five times earnings, why don't you give us a call at Freedom Factory?
Because I'll tell you, some of the deals that we see are just incredible. And I think money is made on the buy, not on the sell. And if you can buy the right business, especially want to take advantage of your unique abilities are stupid human trick. And I've talked about that in other videos, but what I mean, let's say you find a great engineering company that has a sales problem and you're an extraordinary salesperson. All of a sudden, if you buy that at 4x and you can double it in two years. Well, your return is unbelievable. So if you've ever thought about buying a business or selling a business, give us a call here at Freedom Factory. I look forward to talking to you soon.
Today's episode of the podcast, Robert Hirsch from the freedom factory, talks about, "What is The Myth of the Million Dollar Idea?." Determining a million-dollar idea to start your own business may not make you millions. Yes, you read that right. What makes business works is nothing but the million-dollar execution. Here in Freedom Factory, we will support you in acquiring and developing this million-dollar execution. Listen to the podcast or watch the video here. https://vimeopro.com/freedomfa…/business-brokers/…/389990100
