Steven has been in business for almost 15 years. He has started, built, acquired and sold several companies.
He is 1 of 3 partners within Monopoli Capital, who are on a mission to help small business owners grow, scale and exit their businesses for life changing sums of money. He is also the host of the Built Different Podcast.
Steven shares tips, insights and strategies to help small business owners and aspiring entrepreneurs to level up in life and business
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Steven has been in business for almost 15 years. He has started, built, acquired and sold several companies.
He is 1 of 3 partners within Monopoli Capital, who are on a mission to help small business owners grow, scale and exit their businesses for life changing sums of money. He is also the host of the Built Different Podcast.
Steven shares tips, insights and strategies to help small business owners and aspiring entrepreneurs to level up in life and business
Why Selling Your Business Through a Broker Might Be A Mistake - Built Different
Built Different with Steven Pettigrew
11 minutes 7 seconds
8 months ago
Why Selling Your Business Through a Broker Might Be A Mistake - Built Different
In this episode of the Built Different podcast, host Stephen Pettigrew delves into a recent webinar on the true worth of small to medium-sized businesses, emphasizing key misconceptions about valuing and selling businesses. Pettigrew argues against using business brokers, citing their tendency to inflate valuations and create friction in the sale process. He underscores the complexity of selling a business, noting the current buyer's market driven by the influx of baby boomer-owned businesses. Steven also stresses that high revenue does not equate to high value and that profit and systems are crucial for making a business attractive to buyers. Listeners are encouraged to seek advice from experienced individuals and not rely on brokers or Google for accurate business valuations. For more insights, Pettigrew directs listeners to his LinkedIn and his company website, Monopoly Capital.
Timestamps:
00:00 Introduction to Business Valuation
00:48 Common Misconceptions About Business Brokers
06:52 The Reality of Business Valuation
08:19 Preparing Your Business for Sale
10:31 Conclusion and Next Steps
Built Different with Steven Pettigrew
Steven has been in business for almost 15 years. He has started, built, acquired and sold several companies.
He is 1 of 3 partners within Monopoli Capital, who are on a mission to help small business owners grow, scale and exit their businesses for life changing sums of money. He is also the host of the Built Different Podcast.
Steven shares tips, insights and strategies to help small business owners and aspiring entrepreneurs to level up in life and business
