Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses
Post Close: The End Of The Book, But Not The Adventure (EP.41)
Sep 23, 2019
The hosts conclude the discussion on selling a business, emphasize the importance of understanding different aspects, and offer ongoing support for inquiries.
02:34
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Quick takeaways
- Due diligence is a crucial process in selling a business, involving a thorough examination of every aspect of the business to ensure the buyer verifies its truthfulness before making an investment.
- The book aims to provide sellers with a valuable reference to navigate buyer-seller interactions and understand jargon, leveling the playing field and offering assistance through their website and social media.
Deep dives
Key Points and Insights about Due Diligence
The final part of the book focuses on due diligence, which is a crucial process in selling a business. Due diligence involves a thorough examination of every aspect of the business, including corporate organization, contracts, health care, HR, and insurance. The authors emphasize the importance of sellers understanding and preparing for this process to ensure the buyer verifies the truthfulness of the business before making a significant investment. The book aims to provide a detailed checklist and valuable reference to support sellers through the due diligence process.
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