The Quiet Light Podcast Meet the Brokers: QLB's Jason Yelowitz Shares Three Things all Buyers and Sellers Should Know
Jason is more or less responsible for the Quiet Light Business model of only hiring seasoned entrepreneurs as brokers. He sold a business through QLB and then begged to join the then 2-member team. Mark said no, and then no again. And again a few days later. Mark finally (and fortunately) relented and Jason has, ever-since been helping online entrepreneurs successfully exit and purchase web based businesses.
Jason is our de-facto legal disclaimer and naysayer expert. Have an idea? Jason will poke massive holes in it that we never saw. Want to sell a business that is tanking? Jason will structure the offer that will appeal to just the right buyer, and close a transaction that is sage and satisfying for both the buyer and seller.
Do you want a broker that has started a total of seven businesses in his lifetime? That's what Jason did. One was an epic failure during the dot.com bust ($10,000,000 poof!). And one was a grandslam that will change the lives of Yelowitz's for generations to come. Jason shares his life and business experiences everyday in his work as a Business Broker/Advisor for Quiet Light Brokerage.
And during the next 30 minutes he shares some "golden nuggets" that can only be found with real, true, hard fought, failed and won entrepreneurial life experiences.
Episode Highlights:- Jason shares his success and failures over 7 entrepreneurial ventures.
- One lost 10 million in 12 months. The other made 15 million with $300 in startup costs.
- What 2-things should be the "laser focus" of every entrepreneur.
- Is "one big payday" the right path or is selling sooner the wiser decision?
- Why listing for too high of a multiple increases negotiations and reduces the final price.
- How to price a listing to sell for a higher value, even if at a lower multiple than other brokers suggest.
- How helping buyers see the "big picture" is a big part of what he does.
- Learn the top 3 things every seller should know.
- Learn the top three things every buyer should know.
https://youtu.be/DS3wVGgLbJc
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