Ton and Jonathan discuss the emotional impact of selling a business on employees and provides insights into how business owners can prepare their employees for the sale and support them through the transition period. They stress the importance of open communication, transparency, and honesty when dealing with employees during the sale process. They explain how to create a positive company culture that will help employees maintain their loyalty and motivation throughout the transition. The video also explores how to approach compensation packages for employees during and after the sale. The host provides valuable insights into how to structure employee compensation packages to maintain employee retention and loyalty throughout the transition period. This podcast episode is an essential resource for business owners who are considering selling their businesses and want to ensure their employees are treated fairly and with respect throughout the process. By providing a clear and transparent communication process and establishing a positive company culture, business owners can help employees navigate the emotional challenges of selling a business and emerge from the transition stronger and more motivated than ever.   Would you like your business featured? send us a message sellyourbusinesspodcast@gmail.com    www.yourexitplan.net

In this episode,  Brad interviews Jeremy Morgan, the founder of a successful building maintenance company based in Florida. Throughout the interview, Jeremy shares his entrepreneurial journey, starting from scratch as a one-man operation and growing his company to a team of over 100 employees. He discusses the challenges he faced and how he overcame them, including managing cash flow, hiring and training employees, and competing in a crowded market. Jeremy also emphasizes the importance of building a strong company culture and fostering long-term customer relationships. He explains how he was able to create a customer-centric culture in his business by focusing on communication, transparency, and quality workmanship. Additionally, Jeremy highlights the significance of innovation and staying ahead of the competition in the building maintenance industry. This podcast episode provides valuable insights into what it takes to start and grow a successful service-based business. If you're an entrepreneur or small business owner looking to expand your business, Jeremy's story and advice can offer guidance and inspiration.   Find out more www.yourexitplan.net   Want your story featured, send us a message  sellyourbusinesspodcast@gmail.com

The episode focuses on the importance of preparing yourself mentally before selling your business. Tony stresses the significance of understanding your personal goals and motivations for selling and having a clear understanding of your business's financial situation. The video provides practical tips on how to get organized, set goals, and build a strong support system. Additionally, Tony highlights the importance of seeking professional help from lawyers, accountants, and business brokers to navigate the complex process of selling a business. If you are considering selling your business, this video can help you get in the right mindset and make informed decisions throughout the process   www.yourexitplan.net

How do you sell your company? What are the steps? Do you need a broker? How long does it take? There are so many questions, and in this episode of the sell your service business podcast, we step through the entire process from start to finish.

Is there life after the sale? That is a question many of us ask. It’s really hard to see through the veil to the other side. We put years and years of blood, sweat, and tears into our business and we can’t imagine life without it. Do you wonder, is there a happy ending for business owners?

You’ve worked really hard to build a successful business, and you’re ready to cash out and step into the next chapter of your life. So, how do you get the most for your business and all your hard work on the open market? In this discussion, Brad and Tony talk about a few specific things you can do to increase the value of your business during an acquisition.

When it comes to a company valuation there are many misconceptions that float around, so in this episode we are going to debunk the myths and talk about the nuanced process a buyer would undergo to come up with a fair market value of a company. We discuss EBITDA, adjusted owner benefit, the multiple and how it’s affected, duplicatable results, being process driven and the importance of timing.

The buying and selling service businesses have undergone a massive transformation in the last 20 years. Where once businesses were bought and sold for pennies on the dollar, today there are serious buyers with deep pockets creating opportunities to build and then exit a service business with a lucrative return.  Tony, built his business during the wild west days, acquired 21 companies in a span of 20 years, and has seen that world change dramatically from a first hand perspective. This journey culminated when he and his brother sold their $7M service business to a private equity group. After going through this transition in his own business Tony stepped into the role of helping other entrepreneurs through their journey of exiting a business.  In today's episode, we are going to talk about that journey, what it was like, and the world of service business acquisitions today to set the stage for the next episodes where we will dive into several aspects of what it takes to successfully exit your service business.  Make sure to follow Tony and Brad on LinkedIn  Brad - https://www.linkedin.com/in/bradley-williams-bswgroup/ Tony -    For more information, and to book time with Tony visit www.yourexitplan.net 

The world of acquisitions has changed for the owners of small service businesses and we are excited about the opportunity that has opened up for many entrepreneurs.  Have you ever thought about selling your business? Or what that option might look like? How about is my business sellable?  That's what we aim to answer in this episode and throughout the inaugural season of this show. Every business owner deserves an exit plan, a way to turn all of their hard work into a marketable, sellable asset.  You can create a pot of gold at the end of your service business rainbow!    Connect with Tony & Brad by visiting www.YourExitPlan.net