#2: How To Sell Your Business At Maximum Value w/ Coran Woodmass

Collective Ambition with Leon Hendrix

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5+ y ago 46:39

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It’s been well over a year and a half ago now that the deal was agreed upon, the purchase agreement was signed and I had made the amount of cash I would’ve never even dreamed of making a couple of years before that.

The biggest payday for every entrepreneur is usually going to be the day they sell their business which is something I did with the help of today’s guest, Coran Woodmass.

Coran is also known as the FBA Broker, meaning he helps eCommerce business owners sell their business, while also helping investors & buyers buy a business, working as the third party that makes it a win ideally for everyone.

We’ve had a fair share of ups and downs in my process of selling my business due to unexpected complications along the way of transferring the business which ended up taking over 300 days. An experience that has really stretched my ability to deal with uncertainty, but was definitely worth going through considering how it changed my life… and my bank account.

In this episode, we also talk about:

How you can prepare your business for exit and sell for the maximum value
Common pitfalls sellers fall into that you should avoid at all costs
Also, how to end up on the buying side & make your first acquisition if you’re currently sitting on a nice pile of cash - and also what to avoid

Find out more about Coran:

Podcast - The Truth About Exits: https://truthaboutexits.com/

Website - The FBA Broker: https://thefbabroker.com/

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#Business #Leon Hendrix