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#121: How to Sell Your Small Business for Millions
Business Made Simple Podcast
The Importance of a Good Management Team
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Lower middle market companies trade somewhere between three and six times even though that's the net net of it right if you are a scrappy company. If kind of two of those three things are out of whack aka Maybe they don't have a management team. Maybe they are making good financials But their customer makeup is a little wacky then you're probably worth three times, but that's a great deal. They're paying you out three years in advance of what you're doing today. You don't have to work.
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