Since Evolved Finance was founded in 2010, we have seen a lot of the behind-the-scenes stuff that happens in a successful online business.
That means both the good and the bad.
But the one thing we haven’t seen a lot of is our clients selling their businesses.
As I have mentioned in the past, most online businesses are not built to be sold. They are built to be profit machines that generate income for the business owner. That being said, online businesses could become far more attractive to buyers in the future. Especially as more and more online entrepreneurs prove that their businesses can stand the test of time.
That is why I asked Tyler Evans from So-Cal Business Brokers to come onto the show. His company helps small business owners find buyers for their companies while helping to facilitate the negotiation and sales process.
During our conversation, Tyler and I discussed:
What makes a business sellable?
What sorts of things are investors and buyers typically looking for when they buy a business?
What do most business owners get wrong when it comes to wanting to sell their business?
How to deal with buying out a business partner and why it can be a tricky process.
What sorts of things should you expect if you’re trying to sell your business?