Ed Scott founder of Resolve on building a better marketplace to buy and sell small & medium businesses.

@Ed Scott is the founder of @Resolve which is a small medium enterprise marketplace. In other words it's a website where people can search for and browse businesses to buy. 

The goal of Resolve is to create a single place for supply and demand, and democratizing access to hidden gems that are often overlooked due to lack of available knowledge or resources.

Resolve caters for;

1. Businesses with an Enterprise Value of between $1M AUD to $40M AUD, and 
2. Urgent business sale campaigns such as recapitalizations and external administrations. 

Some key takeaways from our discussion;

• According to MGI Institute, 60-70% of business owners are open to selling if approached properly
• Why business owners should research the selling process by speaking with their accountant,  lawyer or friends & colleagues who have also owned businesses.
• Ideal timeframes for planning an exit 
• The key steps to prepare a business
• The availability of various financing options to enable small businesses to purchase a business

Ed also shares how he manages to personally 'maintain the rage' as the founder of fast growing startup by;

• drawing inspiration from his business partner, and 
• focussing hard everyday on doing what he knows he'll regret not doing

@Michael Kerr @smallbusinessbanter

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Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.

michael.kerr@kerrcapital.com.au

www.ownertoownerpodcast.com.au