Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses cover image

How to Sell a Business in 2023

Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses

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The Cost of Overpaying for Something

I think it's incredibly unlikely that people are going to pay what they paid in 2021 anytime soon from an investor standpoint. The organizations that were hyper aggressive in that market and paying the really high valuations, a lot of them are in crisis control at this point in time. Overpaying for something is like one of the most stressful things you can do. So optimizing for something that may not happen again seems like you're betting as Tim pointed out, against your health, against your interests, against how you want to spend your time. But there are still lots of firms, us included, who have money that we would like to put to work. And so in that way, you have a

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