Future Commerce [STEP BY STEP] How Do I Architect my Business for a Dream Exit?
Jan 30, 2023
40:43
We’re in Season 11 of Step by Step and this season, we’re focusing on architecting your business for a dream exit. We’ve partnered with OpenStore to bring you stories from real founders who have successfully built and sold their businesses and will equip you with the tools you need to confidently sell your own business. In this episode, we welcome Jeremy Wood, Co-Founder of OpenStore to discuss OpenStore’s approach to negotiating and buying businesses and what entrepreneurs need to know when thinking through an exit. Listen now!
In this episode:
- 0:07:38 - How to explore objective metrics for business valuation
- 0:10:12 - Discussion on the commonalities of profitable eCommerce businesses
- 0:13:48 - How to build Shopify stores and build for an exit
- 0:19:09 - eCommerce, drop shipping, and OpenStore's differentiators
- 0:23:29 - The importance of simplicity and transparency in eCommerce transactions
- 0:25:17 - The role of timing an eCommerce business exit
- 0:34:11 - Explore the OpenStore acquisition process
- 0:38:05 - How to maximize the valuation for your dream exit
Associated Links:
- Want to learn more? Read more about how to architect a dreamy eCommerce exit on our Insiders blog here!
- Learn more about OpenStore Here.
- Listen to more Step by Step episodes.
- Have you checked out our YouTube channel yet?
- Get your copy of Archetypes, our newly published 240-page journal! Check it out at ArchetypesJournal.com
- Subscribe to Insiders and The Senses to read more of what we are witnessing in the commerce world!
- Listen to our other episodes of Future Commerce
Have any questions or comments about the show? Let us know on Futurecommerce.com, or reach out to us on Twitter, Facebook, Instagram, or LinkedIn. We love hearing from our listeners!