The Contractor Fight with Tom Reber TCF937: Sell Your Business the Right Way
Today, Tom’s guest is Patrick Ungashick, the CEO of NAVIX. Patrick guides you through the essential steps to ensure that you sell your business the right way — from preparing your business for sale to securing the best deal. He also shares how to position your business for a successful sale and ensure you get the maximum value when it’s time to exit.
Patrick also previews the highlights of his upcoming workshop at the Mile High Profit Summit on how to grow your business and create an exit plan.
Episode Highlights:
[00:00] - Intro
[01:50] - Patrick’s bio and backstory
[03:08] - Happy Exit
[04:16] - Key things that need to be checked before considering an exit
[06:04] - Building great company vs. a great team
[06:31] - The Growth Myth workshop
[07:07] - Factors that can hijack the ability to sell business
[08:20] - Investing in your team
[10:16] - How the exit game has changed over the years
[12:51] - Factors to consider when evaluating if a business is ready to sell
[14:37] - What trades do better than others
[16:43] - Acquiring underperforming businesses and turning them around
[20:32] - Mistakes contractors make in business deals
[21:56] - Ideal size of a business for sale
[23:50] - Profit margins and business efficiency in attracting buyers
[25:14] - Key topics Patrick will cover in his workshop
[27:42] - How to reach out to Patrick
[28:43] - Closing thoughts
Resources:
== NAVIX Consultants Website: https://www.navixconsultants.com/
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Mentioned in this episode:
Be on the Contractor Intervention! - https://thecontractorfight.com/intervention