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Freelance to Founder
[Q&A] Can You Sell a Freelance Business?
Nov 21, 2023
Can you sell a freelance business? The podcast discusses the possibility of selling a freelance business while maintaining its charm. They explore the factors that determine the saleability of a freelance business and the importance of monthly recurring revenue. They also discuss the factors that make a company attractive to buyers and the importance of establishing systems in a freelance business.
15:20
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Quick takeaways
- Having monthly recurring revenue (MRR) is crucial for making a freelance business more attractive to potential buyers.
- Removing oneself from the business as much as possible by building assets like courses and having systems in place can increase the saleability of a freelance business.
Deep dives
Growing a freelance business with an exit in mind
Nafisa is seeking advice on how to grow her freelance business while planning for a future exit. She wants to maintain the small, solo charm of her business and avoid building an agency. The question at hand is whether it is possible to sell a freelance business. Clay suggests that having monthly recurring revenue (MRR) is crucial for making a business more attractive to potential buyers. He shares his experience of selling a book of business rather than the entire agency. Preston emphasizes the importance of removing oneself from the business as much as possible to make it more turnkey and appealing to buyers.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode