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#121: How to Sell Your Small Business for Millions
Business Made Simple Podcast
How to Grow Your Small Business Without a Management Team
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Almost every business that we speak to small business That makes less than call it five million of EBITDA per year net income free cash flow most of the time their owner hustles. They need a management team critically. The financials is Critical you need to have healthy margins and the last is customer makeup. You cannot have heavy customer Concentration so we see some businesses that are saying we make four million dollars a year of E BITDA Well, if it all comes from one customer making 70% If that customer wakes up tomorrow after we buy the business and leaves the business just left right Yeah, well that all that makes complete sense.
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