Offering your business might not be an easy decision to make, especially if you put it up from the ground up. In some cases, it is not constantly the monetary aspects that matter but the accessory that you have with your business. Just because you are letting go of your business does not always suggest you are saying goodbye to it for good. Sometimes selling your company can open doors of chance-- in fact, an even more considerable opportunity than you can envision. You can live your best life by offering your business.
Do you wish to sell your business? Contact Freedom Factory for a company appraisal.
Contact:
Freedom Factory
5500 Greenwood Plaza Blvd., Ste 230
Greenwood Town, CO 80111
Phone: 844-MAX-VALUE (844-629-8258).
https://www.freedomfactory.com/.
https://g.page/freedom-factory-denver.
Also, Follow Freedom Factory here.
http://freedomfactory.libsyn.com
https://www.linkedin.com/company/freedomfactory/
Additional Videos to discover how to sell your business.
How Does Recasting My Financials Impact the Worth of My Business? https://www.youtube.com/watch?v=D5KXK92fVyU
how to sell a business
Madison Tyler Tysdal and Robert Hirsch - Freedom Factory https://tricitydaily.com/tyler-tysdals-freedom-factory-teaching-entrepreneurs-secrets-of-selling-their-business-for-maximum-value/
https://freedomfactory.libsyn.com/how-can-i-live-my-best-life-by-selling-my-business
Watch Video
Tuesday, June 30, 2020
Saturday, June 20, 2020
Tyler Tysdal and Robert Hirsch Podcast Discusses The Art And Science Of Promoting Your Enterprise
Today's episode from the podcast, Tyler Tysdal and Robert Hirsch Podcast Covers The Art And Science Of Selling Your Company.
Listen to the podcast, watch the video, or read the transcript below.
Additional Videos From Tyler Tysdal and Robert Hirsch
How Does Recasting My Financials Affect the Value of My Company?
Can I Sell My Business On My Own or will I Require Assistance?
Transcript of Podcast
Probably the most frequently asked question that I get is how do you determine the selling price of your company? And the reality is its part art and part science. I'll go over some of the science, then I'll go over a little bit from the art, and again, experience goes a long way.
Coming back towards the science part of it, some of the really easy pieces are are what's your earnings? Earnings is often expressed in EBITDA or your earnings before income tax depreciation and amortization. We convert that into seller's discretionary cash flow for all of our clients. And again, when you're paying your taxes, EBITDA is a game of minimization. The discretionary cash flow is a game of maximization or accurately reflecting all the cash flow that your business generates.
You're also going to have things like industry multiples, and sometimes there's little nuance things like if your e-commerce business versus a fulfilled by Amazon company, you're going to get a really different multiple. So we want to make sure to position it the right way. Some from the other things, industry codes, we had a client and the name of their company was excavation.
Turns out that excavation companies are valued at two to two and a half plus assets. When I say two to two and a half, that's a multiple of earnings. Will construction companies of that size are about four and a half to five. And it turned out that although they started as an excavation company, over 80% of their revenues came as a construction company.
So we repositioned it and that helped the industry code. But whatever we do with all these numbers, we make sure to look at market comparable and what's the market looking like? What are the best sales that we can hang our hat on? How does a bank worth it? Is it going to be an SBA type business? And now all of a sudden we're starting to get into the art.
My name's Robert Hirsch, and I'm the founder here at Freedom Factory. All we do is help entrepreneurs sell businesses. That's 100% of our life. When I wake up in the morning, I'm looking at market comps, I'm looking at sales, I'm looking at, okay, how do we maximize the sales price of our company and really work as a partner?
So. Whether you're a physical company that's been around for 20 years or a digital company that's been around for two, we're going to look at all the science and combine it with the art to assist you maximize your sales price. Give us a, call it Freedom Factory today. I look forward to speaking with you soon.
Thank you so much for watching. Please like and subscribe and we'll see you soon.
Contact Freedom Factory
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
Best Company Brokers - video portfolio
Available on Youtube:
Managing Partners
Learn more about the managing partners, Tyler Tysdal, and Robert Hirsch.
Tyler Tysdal and Robert Hirsch Podcast Discusses The Art And Science Of Promoting Your Enterprise
Today's episode from the podcast, Tyler Tysdal and Robert Hirsch Podcast Covers The Art And Science Of Selling Your Company.
Listen to the podcast, watch the video, or read the transcript below.
Additional Videos From Tyler Tysdal and Robert Hirsch
How Does Recasting My Financials Affect the Value of My Company?
Can I Sell My Business On My Own or will I Require Assistance?
Transcript of Podcast
Probably the most frequently asked question that I get is how do you determine the selling price of your company? And the reality is its part art and part science. I'll go over some of the science, then I'll go over a little bit from the art, and again, experience goes a long way.
Coming back towards the science part of it, some of the really easy pieces are are what's your earnings? Earnings is often expressed in EBITDA or your earnings before income tax depreciation and amortization. We convert that into seller's discretionary cash flow for all of our clients. And again, when you're paying your taxes, EBITDA is a game of minimization. The discretionary cash flow is a game of maximization or accurately reflecting all the cash flow that your business generates.
You're also going to have things like industry multiples, and sometimes there's little nuance things like if your e-commerce business versus a fulfilled by Amazon company, you're going to get a really different multiple. So we want to make sure to position it the right way. Some from the other things, industry codes, we had a client and the name of their company was excavation.
Turns out that excavation companies are valued at two to two and a half plus assets. When I say two to two and a half, that's a multiple of earnings. Will construction companies of that size are about four and a half to five. And it turned out that although they started as an excavation company, over 80% of their revenues came as a construction company.
So we repositioned it and that helped the industry code. But whatever we do with all these numbers, we make sure to look at market comparable and what's the market looking like? What are the best sales that we can hang our hat on? How does a bank worth it? Is it going to be an SBA type business? And now all of a sudden we're starting to get into the art.
My name's Robert Hirsch, and I'm the founder here at Freedom Factory. All we do is help entrepreneurs sell businesses. That's 100% of our life. When I wake up in the morning, I'm looking at market comps, I'm looking at sales, I'm looking at, okay, how do we maximize the sales price of our company and really work as a partner?
So. Whether you're a physical company that's been around for 20 years or a digital company that's been around for two, we're going to look at all the science and combine it with the art to assist you maximize your sales price. Give us a, call it Freedom Factory today. I look forward to speaking with you soon.
Thank you so much for watching. Please like and subscribe and we'll see you soon.
Contact Freedom Factory
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
Best Company Brokers - video portfolio
Available on Youtube:
Managing Partners
Learn more about the managing partners, Tyler Tysdal, and Robert Hirsch.
Friday, June 19, 2020
Tyler Tysdal And Robert Hirsch Analyzed If You Can Sell Your Business by Yourself or Do You Need Help
Tyler Tysdal And Robert Hirsch Analyzed If You Can Sell Your Business by Yourself or Do You Need Help
from
https://www.facebook.com/permalink.php?story_fbid=166132901582315&id=112201923642080
from
https://freedomfactory0.blogspot.com/2020/06/tyler-tysdal-and-robert-hirsch-analyzed.html
Monday, June 15, 2020
Tyler Tysdal And Robert Hirsch Viewed the Art and Science of Selling Your Business
Tyler Tysdal And Robert Hirsch Viewed the Art and Science of Selling Your Business
from
https://www.facebook.com/permalink.php?story_fbid=165046138357658&id=112201923642080
from
https://freedomfactory0.blogspot.com/2020/06/tyler-tysdal-and-robert-hirsch-viewed.html
Tyler Tysdal And Robert Hirsch Taught Entrepreneurs to Live the Best Life by Selling Business
Tyler Tysdal And Robert Hirsch Taught Entrepreneurs to Live the Best Life by Selling Business
from
https://www.facebook.com/permalink.php?story_fbid=165040135024925&id=112201923642080
from
https://freedomfactory0.blogspot.com/2020/06/tyler-tysdal-and-robert-hirsch-taught_15.html
Saturday, June 13, 2020
Big Mistakes Sellers Make Before Selling Their Company
Today's episode from the podcast, Robert Hirsch from Freedom Factory, discusses "Big Errors Sellers Make Before Promoting Your business."
Listen to the podcast, watch the video, or read the transcript below.
Additional Videos From Freedom Factory
How to Buy a Company When You Don't Have the Cash
What Are the Types of Company Buyers?
Transcript of Podcast
Hey guys! Robert from Freedom Factory here, and I want to talk about something that comes up a lot when we start working with new sellers, and usually it sounds something like this, should I start a new revenue stream? Should I add a new channel? Should I build an affiliate program prior to I sell? And while this sounds like a good idea on the surface, in reality, not so much. And the reason for that is twofold. One, when you start a new revenue stream, it's going to burn as inefficiently as possible. And what I mean by that is your customer acquisition cost is going to be the highest and you're not going to add significantly to your bottom line.
Now, most of the time when you sell your company, it's a multiple of earnings. So you want to optimize for earnings. And so let's say for example you could build a new revenue stream, but you're not actually adding a lot of profits. Conversely, you could spend that same time taking your existing revenue stream and for example, let's say you can find an extra $200,000 in profitability through cost cutting on that.
Now that $200,000 in earnings, not only did you make that the first time, but if you sell for five times earnings, that's going to be another million dollars in revenue, or another million dollars in valuation to your company. And ultimately it's these little tips and tricks that make the difference whether you stick the landing or not, you're a company you've worked for years on, and it's the most important asset that you have.
And frankly, sticking the landing is just as important as building and creating a great company. If you have questions about this or anything else, why don't you give us a call it Freedom Factory. We look forward to speaking with you soon.
Thank you so much for watching. Please like and subscribe and we'll see you soon.
Contact Freedom Factory
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
Best Business Brokers - video portfolio
Available on Youtube:
Managing Partners
Learn more about the managing partners, Tyler Tysdal, and Robert Hirsch.
from
https://freedomfactory0.blogspot.com/2020/06/big-mistakes-sellers-make-before_13.html
Big Mistakes Sellers Make Before Selling Their Company
Today's episode from the podcast, Robert Hirsch from Freedom Factory, discusses "Big Errors Sellers Make Before Promoting Your business."
Listen to the podcast, watch the video, or read the transcript below.
Additional Videos From Freedom Factory
How to Buy a Company When You Don't Have the Cash
What Are the Types of Company Buyers?
Transcript of Podcast
Hey guys! Robert from Freedom Factory here, and I want to talk about something that comes up a lot when we start working with new sellers, and usually it sounds something like this, should I start a new revenue stream? Should I add a new channel? Should I build an affiliate program prior to I sell? And while this sounds like a good idea on the surface, in reality, not so much. And the reason for that is twofold. One, when you start a new revenue stream, it's going to burn as inefficiently as possible. And what I mean by that is your customer acquisition cost is going to be the highest and you're not going to add significantly to your bottom line.
Now, most of the time when you sell your company, it's a multiple of earnings. So you want to optimize for earnings. And so let's say for example you could build a new revenue stream, but you're not actually adding a lot of profits. Conversely, you could spend that same time taking your existing revenue stream and for example, let's say you can find an extra $200,000 in profitability through cost cutting on that.
Now that $200,000 in earnings, not only did you make that the first time, but if you sell for five times earnings, that's going to be another million dollars in revenue, or another million dollars in valuation to your company. And ultimately it's these little tips and tricks that make the difference whether you stick the landing or not, you're a company you've worked for years on, and it's the most important asset that you have.
And frankly, sticking the landing is just as important as building and creating a great company. If you have questions about this or anything else, why don't you give us a call it Freedom Factory. We look forward to speaking with you soon.
Thank you so much for watching. Please like and subscribe and we'll see you soon.
Contact Freedom Factory
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
Best Business Brokers - video portfolio
Available on Youtube:
Managing Partners
Learn more about the managing partners, Tyler Tysdal, and Robert Hirsch.
from
https://freedomfactory0.blogspot.com/2020/06/big-mistakes-sellers-make-before.html
Friday, June 12, 2020
Tyler Tysdal And Robert Hirsch Taught Entrepreneurs How to Approach Competitors to Buy Their Business
Tyler Tysdal And Robert Hirsch Taught Entrepreneurs How to Approach Competitors to Buy Their Business
from
https://www.facebook.com/permalink.php?story_fbid=164312755097663&id=112201923642080
from
https://freedomfactory0.blogspot.com/2020/06/tyler-tysdal-and-robert-hirsch-taught.html
Thursday, June 11, 2020
Big Mistakes Sellers Make Before Selling Their Company
Today's episode from the podcast, Robert Hirsch from Freedom Factory, discusses "Big Errors Sellers Make Before Selling Your company."
Listen to the podcast, watch the video, or read the transcript below.
Additional Videos From Freedom Factory
How to Buy a Business When You Don't Have the Cash
What Are the Types of Business Buyers?
Transcript of Podcast
Hey guys! Robert from Freedom Factory here, and I want to talk about something that comes up a lot when we start working with new sellers, and usually it sounds something like this, should I start a new revenue stream? Should I add a new channel? Should I build an affiliate program before I sell? And while this sounds like a good idea on the surface, in reality, not so much. And the reason for that is twofold. One, when you start a new revenue stream, it's going to burn as inefficiently as possible. And what I mean by that is your customer acquisition cost is going to be the highest and you're not going to add significantly to your bottom line.
Now, most of the time when you sell your business, it's a multiple of earnings. So you want to optimize for earnings. And so let's say for example you could build a new revenue stream, but you're not actually adding a lot of profits. Conversely, you could spend that same time taking your existing revenue stream and for example, let's say you can find an extra $200,000 in profitability through cost cutting on that.
Now that $200,000 in earnings, not only did you make that the first time, but if you sell for five times earnings, that's going to be another million dollars in revenue, or another million dollars in valuation to your company. And ultimately it's these little tips and tricks that make the difference whether you stick the landing or not, you're a company you've worked for years on, and it's the most important asset that you have.
And frankly, sticking the landing is just as important as building and creating a great company. If you have questions about this or anything else, why don't you give us a call it Freedom Factory. We look forward to speaking with you soon.
Thank you so much for watching. Please like and subscribe and we'll see you soon.
Contact Freedom Factory
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
Best Company Brokers - video portfolio
Available on Youtube:
Managing Partners
Learn more about the managing partners, Tyler Tysdal, and Robert Hirsch.
Wednesday, June 10, 2020
Tyler Tysdal And Robert Hirsch Outlined How to Stay Involved in Your Business but Sell the Majority
Tyler Tysdal And Robert Hirsch Outlined How to Stay Involved in Your Business but Sell the Majority
from
https://www.facebook.com/permalink.php?story_fbid=163680535160885&id=112201923642080
from
https://freedomfactory0.blogspot.com/2020/06/tyler-tysdal-and-robert-hirsch-outlined.html
Tuesday, June 9, 2020
Time is the entrepreneurs most precious resource. Spend wisely because you can't get it back. https://tracklix.com/c7h7
Time is the entrepreneurs most precious resource. Spend wisely because you can't get it back. https://tracklix.com/c7h7
from
https://www.facebook.com/112201923642080/photos/a.163443491851256/163443478517924/
from
https://freedomfactory0.blogspot.com/2020/06/time-is-entrepreneurs-most-precious.html
Tyler Tysdal And Robert Hirsch Illustrated How to Sell Your Share of a Business If You Have Other Partners
Tyler Tysdal And Robert Hirsch Illustrated How to Sell Your Share of a Business If You Have Other Partners
from
https://www.facebook.com/permalink.php?story_fbid=163428631852742&id=112201923642080
from
https://freedomfactory0.blogspot.com/2020/06/tyler-tysdal-and-robert-hirsch.html
Wednesday, June 3, 2020
Tyler Tysdal and Robert Hirsch Talk About How Do You Sell Your Business
Tyler Tysdal and Robert Hirsch Talk About How Do You Sell Your Business
from
https://www.facebook.com/permalink.php?story_fbid=161573662038239&id=112201923642080
from
https://freedomfactory0.blogspot.com/2020/06/tyler-tysdal-and-robert-hirsch-talk.html
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