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#121: How to Sell Your Small Business for Millions
Business Made Simple Podcast
How to Run a Business That's Lean
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Many businesses are cutting costs down of their GNA and then trying to run more nimble and more lean. If you're looking to sell your business though, you need to reverse that thinking. The biggest thing on financials is are you running it? Why so we so we acquired a company. We looked at the friend angels and in this industry they were making eight to ten percent our company that we bought was making 12 to 13. So how do you approach annual sort of renewals? They were like well, we just focus on new business. We don't look at our past business I said well, let's put something in place that we say every 12 months it at least goes
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