Thinking About Selling Your Business! Here's What You Need to Know 3-5 Years Ahead of Time with Randy Hendershot
Description
Do you know how to increase your business valuation and appeal to potential buyers?
In this episode, we explore succession planning for business owners guided by the expert business broker, Randy Hendershot. Randy is the Founder and CEO of Evolution Advisors, a company specializing in helping entrepreneurs sell or buy businesses, get an accurate valuation of their company, and create a smooth exit strategy.
Listen to episode 59 of On Life With Helen and get valuable insights on preparing your business for sale, identifying risks, and understanding valuation methods. You'll get Randy's actionable advice on building a transition team and planning to maximize profits and minimize stress. If you are thinking about selling your business or want to learn how to plan for it, you can't miss today's episode!
In This Episode, You Will Learn:
- A bit about Randy's background and entrepreneurial journey (1:50 )
- Why early planning is crucial when thinking of selling your business (3:40 )
- Randy explains the evaluation and valuation process of selling a business (5:30 )
- What are the key drivers of business value (7:00 )
- Randy shares success stories and challenges he had throughout his career (18:10 )
- How long does it take to sell a business (24:00 )
Connect with Randy Hendershot:
Let's Connect!
- Website - Ornellas Insurance
- Facebook Page - Ornellas & Associates Insurance Services
- Facebook Profile Helen Ornellas Lanham
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United States
