How2Exit: Buy, Don't Build - M&A of Small Businesses

Today's Primary Sponsor is Snowball - www.Snowballclub.com - A private community of entrepreneurial investors helping each other.Watch Here: https://youtu.be/L4aiz8cZQCUAbout the Guest(s): Reid Tileston, a seasoned professional with a fascinating background in finance and a passion for fitness, shared his journey on the How2Exit podcast. Born to two Northern California hippie runners, Reid's entrepreneurial spirit was nurtured from an early age. He is an alumnus of UC Berkeley and previously worked at Industry Ventures, a venture capital and private equity firm. Reid took a bold leap by opening a fitness club in Sacramento during the Great Recession and has since become a multi-unit Anytime Fitness club owner-operator. In addition to his fitness endeavors, Reid has acquired and sold businesses across various industries, including industrial services. He also authored a book, "Grid It Done," and is committed to helping others achieve their American dream of business ownership. Beyond business, Reid is an adjunct professor and is working on his Ph.D. at Case Western Reserve University.Episode Summary: Ronald Skelton invites Reid Tileston to explore the realm of mergers and acquisitions. They start with a funny origin tale, sparking an interesting talk on entrepreneurship's challenges and successes. Reid talks about his journey, from starting a gym during the Great Recession to managing several Anytime Fitness branches and venturing into industrial services.Further into the episode, Reid emphasizes the importance of diligence, the human aspect of business ownership, and the power of fostering relationships within your business and peer networks. Drawing from his personal journey, he offers invaluable insights into what it takes to navigate the challenging landscape of buying and selling businesses and underscores the impact of business ownership on personal failure and civic engagement. The episode serves as a guide for anyone interested in the entrepreneurial journey, offering strategies for risk mitigation and success.Key Takeaways:Reid Tileston's unique entrepreneurial journey demonstrates that dedication and innovative approaches, such as becoming deeply involved in the community and embracing franchise opportunities, can lead to achieving the American dream of business ownership.Effective transition management and building strong relationships with both clients and employees are critical to the success of any entrepreneurial endeavor.The experience of selling a business can be deeply complex and emotional, often involving considerations beyond financial gain, such as seller satisfaction and the role of competent intermediaries.The decision to become an entrepreneurial business owner requires full commitment, and it's essential to be prepared and understand the personal and professional implications of such a path.Reid has authored "Grid It Done," a valuable resource for prospective business owners to understand and navigate the world of entrepreneurship through acquisition.--------------------------------------------------Contact Reid onLinkedin: https://www.linkedin.com/in/reidtileston/Website: https://reidtileston.com/dashboard/login.php--------------------------------------------------How2Exit Joins IT ExchangeNet's Channel Partner Network!Have an IT Company doing between $5M and $30M You may Sell?The IT ExchangeNet M&A Marketplace @Ronald Skelton - How2Exit Host has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms and channel partners in the Microsoft, Oracle, ServiceNow and Salesforce space.If you are interested in learning more about the process and current market valuations, complete the contact form and we’ll respond within one business day. Everything is kept confidential.https://www.itexchangenet.com/marketplace-how2exitOur partnership with IT ExchangeNet focuses on deals above $5M in value. If you are looking to buy or sell a tech business below the $5M mark, we recommend Flippa.--------------------------------------------------💰If you’d like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/►Visit Our Website: https://www.how2exit.com/📧For Business Inquiries: Me@4sale2sold.com👇🏻SUBSCRIBE HEREhttps://www.youtube.com/channel/UC_ONnhwaKSTPFt2nOxKoXXQ?sub_confirmation=1▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬📱Stay Tuned On Our Social Media :» Linkedin - https://www.linkedin.com/in/ronskelton/» Twitter - https://twitter.com/ronaldskelton» Facebook - https://www.facebook.com/How2Exit» Newsletter - http://deeper.how2exit.com/#How2Exit # # 💖Thanks for watching! 💖Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.

Today's Primary Sponsor is Snowball - www.Snowballclub.com - A private community of entrepreneurial investors helping each other.Watch Here: https://youtu.be/HG8oQJeVZLAAbout the Guest(s): Patrick O'Connell is an experienced mergers and acquisitions (M\&A) advisor with a profound depth of knowledge in buying and selling small businesses valued between one to $20 million. Patrick brings his expertise from a solid educational foundation with a degree in accounting from James Madison University to his current position as the founder and managing director of M\&A transaction services at O'Connell Advisory Group. With a career spanning over a decade, Patrick has become an industry-agnostic specialist, facilitating financial diligence, quality of earnings, purchase price negotiation, and offering comprehensive partnership support to his clients.Episode Summary: In this engaging episode of the How2Exit Podcast, host Ronald Skelton welcomes Patrick O'Connell, a seasoned mergers and acquisitions advisor, to shed light on the intricacies of buying and selling small businesses. This episode serves as a deep dive into Patrick's journey from a young accounting graduate to a M\&A powerhouse, navigating transactions in industries as varied as HVAC and pharmaceuticals.Patrick walks us through the process that remains consistent across industries when acquiring or selling a business, from the Letter of Intent to due diligence and purchase price negotiations. The conversation also covers the strategies business owners should consider to prepare for the buying or selling process, such as having a solid management team and establishing an exit plan that truly adds value to the business.Key Takeaways:Business valuation is often industry-specific, and the market sets the price based on comparable sales in the recent past.Emotional readiness and concessions are critical in M&A transactions. Deals not only involve financial stakes but also human emotions and relationships.A company being ready to sell often means having an operational structure where the owner's day-to-day involvement is minimal.A dedicated M&A team can catalyze growth through acquisitions, but this concept is underutilized in small to mid-sized businesses.Businesses with paper-based accounting and traditional management can still be great acquisition targets if their financials are in order.--------------------------------------------------Contact Patrick onLinkedin: https://www.linkedin.com/in/patrick-o-connell-3b235177/Twitter: https://twitter.com/SMBDealGuy--------------------------------------------------How2Exit Joins IT ExchangeNet's Channel Partner Network!Have an IT Company doing between $5M and $30M You may Sell? The IT ExchangeNet M&A Marketplace @Ronald Skelton - How2Exit Host has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms and channel partners in the Microsoft, Oracle, ServiceNow and Salesforce space.If you are interested in learning more about the process and current market valuations, complete the contact form and we’ll respond within one business day. Everything is kept confidential.https://www.itexchangenet.com/marketplace-how2exitOur partnership with IT ExchangeNet focuses on deals above $5M in value. If you are looking to buy or sell a tech business below the $5M mark, we recommend Flippa. --------------------------------------------------💰If you’d like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/►Visit Our Website: https://www.how2exit.com/📧For Business Inquiries: Me@4sale2sold.comDon't Forget to SUBSCRIBE to the How2Exit channel and press (🔔) to join the Notification Squad and stay updated with new uploads.✨👇🏻SUBSCRIBE HEREhttps://www.youtube.com/channel/UC_ONnhwaKSTPFt2nOxKoXXQ?sub_confirmation=1𝐖𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬...?▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬👍 Like the video (it helps a ton!)💬 Comment below to share your opinion!🔗 Share the video with anyone you think might help :) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬📱Stay Tuned On Our Social Media :» Linkedin - https://www.linkedin.com/in/ronskelton/» Twitter - https://twitter.com/ronaldskelton» Facebook - https://www.facebook.com/How2Exit» Newsletter - http://deeper.how2exit.com/▶️E94: Hans Sperling Discusses Mergers And Acquisitions Transactions And Provisions - https://youtu.be/VdFEZq13SpE▶️E90: Christine McDannell of Magnolia Firm Helps Business Owners Achieve Seamless Exits - https://youtu.be/wyl358GKQ4Y#How2Exit # # 💖Thanks for watching! 💖Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.

Today's Primary Sponsor is Snowball - www.Snowballclub.com - A private community of entrepreneurial investors helping each other.Watch Here: https://youtu.be/jBvCc1tEX4sAbout the Guest(s): Ralph Yarusso brings a wealth of experience to the table, with a diverse background that began in military service. As an Air Force veteran, Ralph's technical and leadership skills were honed early, leading to a successful post-service career. After transitioning from the military, Ralph entered the franchise industry, starting with a Meineke franchise in 1985. Over a 23-year span, he grew his franchise ownership to 15 stores across two states, amassing significant wealth and business insight. His entrepreneurial journey didn't stop with Meineke; Ralph pivoted into executive roles, serving as Chief Operating Officer for various brands in automotive and fitness spaces. Now, he dedicates his time to coaching and mentoring, with a focus on helping veterans navigate the path to becoming franchise owners.Episode Summary: Host Ronald Skelton welcomes Ralph Yarusso to explore the lucrative world of franchising. The conversation delves deeply into the underappreciated wealth-creating potential of this often misunderstood business model. From the nuanced strategy behind successful franchise growth to real-life stories of monumental success, listeners are offered a rare look into how to leverage franchising for entrepreneurial triumph.Ralph's remarkable journey from Air Force aircrew member to a multi-unit franchise owner, emphasizing the strategic approaches that enabled rapid growth and wealth generation. Key discussions point to the strengths of franchising, such as the established systems, built-in support, and brand recognition that fuel franchisee success. Ralph's narrative paints a vivid picture of franchising's adaptability, resilience, and the profound opportunities it presents for veterans and aspiring entrepreneurs alike. Key Takeaways:Franchising offers a structured business model with systems in place, increasing the likelihood of success compared to independent operations.Veterans are particularly well-suited for franchising due to their familiarity with standard operating procedures and disciplined approach.Diversifying into multiple franchises or combining different brands can significantly increase wealth potential.Investing in real estate along with a franchise can provide perpetual income through ownership and capital appreciation.There are franchises for nearly every industry, offering opportunities tailored to various interests and backgrounds.Notable Quotes:"Most McDonald's owners aren't flipping burgers, I can assure you." - Ralph Yarusso"You need to be recruiting people... You want to be able to work on it and not necessarily in it." - Ralph Yarusso"You're 80% more likely to fail as an independent operator than you would be as a franchisee." - Ralph Yarusso"I would never [start a business without a franchise model]... I want the supports, the operations, the training, the marketing." - Ralph Yarusso"Veterans make up about 7% of the population in the country, but make up 14% of the population of franchisees in the country." - Ralph Yarusso--------------------------------------------------Contact Ralph onLinkedin: https://www.linkedin.com/in/ralph-yarusso-cfe-cfc-4103a612/Email: Ralph@AtticusFranchiseConsulting.com--------------------------------------------------How2Exit Joins IT ExchangeNet's Channel Partner Network!Have an IT Company doing between $5M and $30M You may Sell? The IT ExchangeNet M&A Marketplace @Ronald Skelton - How2Exit Host has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms and channel partners in the Microsoft, Oracle, ServiceNow and Salesforce space.If you are interested in learning more about the process and current market valuations, complete the contact form and we’ll respond within one business day. Everything is kept confidential.https://www.itexchangenet.com/marketplace-how2exit Our partnership with IT ExchangeNet focuses on deals above $5M in value.If you are looking to buy or sell a tech business below the $5M mark, we recommend Flippa.--------------------------------------------------💰If you’d like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/►Visit Our Website: https://www.how2exit.com/📧For Business Inquiries: Me@4sale2sold.comDon't Forget to SUBSCRIBE to the How2Exit channel and press (🔔) to join the Notification Squad and stay updated with new uploads.✨👇🏻SUBSCRIBE HERE https://www.youtube.com/channel/UC_ONnhwaKSTPFt2nOxKoXXQ?sub_confirmation=1𝐖𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬...?▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬👍 Like the video (it helps a ton!)💬 Comment below to share your opinion!🔗 Share the video with anyone you think might help  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬📱Stay Tuned On Our Social Media :» Linkedin - https://www.linkedin.com/in/ronskelton/» Twitter - https://twitter.com/ronaldskelton» Facebook - https://www.facebook.com/How2Exit» Newsletter - http://deeper.how2exit.com/#How2Exit # # 💖Thanks for watching! 💖Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.

Today's Primary Sponsor is Snowball - www.Snowballclub.com - A private community of entrepreneurial investors helping each other.Watch Here: https://youtu.be/Ww8doNzUEJsAbout the Guest(s): Michael Bannon is an expert in employee stock ownership plans (ESOPs) with a seasoned background in private equity. His career began in a fund-of-funds sector where he managed investments across the Asia Pacific, offering him a diverse understanding of market cycles, politics, and economics. He later joined CSG Partners in the United States to be closer to business owners and offer them unique exit strategies that align with their objectives. At CSG, he specializes in ESOPs, working intimately with clients to quarterback ESOP transactions, including analysis, capital raise, negotiation, and closing across various industries.Episode Summary: In this engaging episode of the How2Exit podcast, host Ronald Skelton invites Michael Bannon to dive deep into the world of Employee Stock Ownership Programs (ESOPs). The conversation is not only a brilliant learning opportunity but also a shareable resource that sheds light on the intricacies of ESOPs.Throughout the episode, Bannon draws from his extensive background in private equity and ESOPs to unravel the concept comprehensively. He explains the attractive tax advantages for selling shareholders, the benefits for employees as new shareholders, and the positive impact of ESOPs on the broader business community. From discussing pathways for funding an ESOP to demystifying the employee experience post-transition, Bannon offers valuable insights into how ESOPs can be an ideal exit strategy for business owners looking to preserve legacy and engage employees in ownership.Key Takeaways:ESOPs serve as a tax-advantaged exit strategy enabling employees to earn shares without direct cost, offering fair market value liquidity for business owners.There's a dual benefit for the sellers and employees; sellers receive immediate or deferred compensation for their equity, while employees get a stake in the business as part of their retirement plan.An ESOP can flexibly fund the purchase of shares through bank loans and seller financing, with significant tax savings effectively covering transaction costs.ESOPs impact the community by keeping the business local, retaining jobs, and allowing profit to stay within the community rather than going to external investors.Post-transaction, the company undergoes annual valuations, informing employees of their share value growth, fostering an ownership mindset that enhances productivity.--------------------------------------------------Contact Michael onLinkedin: https://www.linkedin.com/in/michael-bannon-85b16159/Website: https://www.csgpartners.com/--------------------------------------------------How2Exit Joins IT ExchangeNet's Channel Partner Network!Have an IT Company doing between $5M and $30M You may Sell?The IT ExchangeNet M&A Marketplace @Ronald Skelton - How2Exit Host has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms and channel partners in the Microsoft, Oracle, ServiceNow and Salesforce space.If you are interested in learning more about the process and current market valuations, complete the contact form and we’ll respond within one business day. Everything is kept confidential.https://www.itexchangenet.com/marketplace-how2exit Our partnership with IT ExchangeNet focuses on deals above $5M in value.If you are looking to buy or sell a tech business below the $5M mark, we recommend Flippa.--------------------------------------------------💰If you’d like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/►Visit Our Website: https://www.how2exit.com/📧For Business Inquiries: Me@4sale2sold.comDon't Forget to SUBSCRIBE to the How2Exit channel and press (🔔) to join the Notification Squad and stay updated with new uploads.✨👇🏻SUBSCRIBE HERE https://www.youtube.com/channel/UC_ONnhwaKSTPFt2nOxKoXXQ?sub_confirmation=1𝐖𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬...?▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬👍 Like the video (it helps a ton!)💬 Comment below to share your opinion!🔗 Share the video with anyone you think might help :) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬📱Stay Tuned On Our Social Media :» Linkedin - https://www.linkedin.com/in/ronskelton/» Twitter - https://twitter.com/ronaldskelton» Facebook - https://www.facebook.com/How2Exit» Newsletter - http://deeper.how2exit.com/#How2Exit # # 💖Thanks for watching! 💖Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.

Today's Primary Sponsor is Snowball - www.Snowballclub.com - A private community of entrepreneurial investors helping each other.Watch Here: https://youtu.be/dgmKbXljveYAbout the Guest(s): Stephen Speer is a seasoned lending expert with a specialization in business acquisitions financing. Bringing with him the wisdom that comes with a long-standing career in finance, as evidenced by his hair color, Speer stands out for focusing on the e-commerce and SaaS spaces over the past decade. His experience culminates in over 500 transactions, racking up a total of over a billion dollars in financing. At present, Stephen is deeply involved with the M&A community and enjoys assisting both groups and individuals in the acquisition of businesses.Summary: Host Ronald Skelton welcomes Stephen Speer, a distinguished expert in the field of business acquisitions and financing. This episode delves deep into the intricate processes and strategies around selling small businesses and acquiring the necessary financing. Stephen Speer's extensive experience in lending, particularly within the realms of e-commerce, SaaS, and small business financing, offers an invaluable discussion for individuals interested in exiting corporate America to run their own business and seasoned investors alike. With a meticulous approach to lending, his company, eCommerce Lending, demonstrates a remarkable loan approval rate, highlighting their success in guiding clients through the complexities of business acquisition. With tailored advice and an insightful exchange, this conversation is a beacon for budding entrepreneurs and acquisition experts navigating the finance landscape.Key Takeaways:Pre-qualification is essential: Prospective buyers should get pre-qualified early on and work with lenders to vet businesses before making offers.Building a solid acquisition team: Equip yourself with the right attorney, lender, and due diligence firm to ensure acquisition success.Understand the timeline: SBA financing typically operates on a 60-day timeline, with other business acquisitions following suit based on buyer readiness.Avoid bad deals: Guided by the wisdom that "bad deals only get worse," Speer advises caution and due diligence in selecting opportunities.Trust specialized lenders: eCommerce and SaaS financing comes with unique challenges that require expertise beyond what standard banking institutions offer.Notable Quotes:"We do a lot of SBA financing, and what sets us apart is that we're very much specialized in doing SBA financing within the online business space.""If we just don't like either the client or the business, we move on to the next. We're not into doing bad loans or working with people that we can't get financed.""We're not in the scratch and dent business. We mostly look at businesses that are growing year over year.""We have had clients in the past say, well, I don't want to hire an attorney. And we're like, we're out."--------------------------------------------------Contact Stephen onLinkedin: https://www.linkedin.com/in/stephenspeer/Website: https://www.ecommercelending.com/--------------------------------------------------How2Exit Joins IT ExchangeNet's Channel Partner Network!Have an IT Company doing between $5M and $30M You may Sell?The IT ExchangeNet M&A Marketplace @Ronald Skelton - How2Exit Host has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms and channel partners in the Microsoft, Oracle, ServiceNow and Salesforce space. If you are interested in learning more about the process and current market valuations, complete the contact form and we’ll respond within one business day. Everything is kept confidential.https://www.itexchangenet.com/marketplace-how2exit Our partnership with IT ExchangeNet focuses on deals above $5M in value.If you are looking to buy or sell a tech business below the $5M mark, we recommend Flippa.--------------------------------------------------💰If you’d like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/►Visit Our Website: https://www.how2exit.com/📧For Business Inquiries: Me@4sale2sold.comDon't Forget to SUBSCRIBE to the How2Exit channel and press (🔔) to join the Notification Squad and stay updated with new uploads.✨👇🏻SUBSCRIBE HEREhttps://www.youtube.com/channel/UC_ONnhwaKSTPFt2nOxKoXXQ?sub_confirmation=1𝐖𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬...?▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬👍 Like the video (it helps a ton!)💬 Comment below to share your opinion!🔗 Share the video with anyone you think might help :) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬📱Stay Tuned On Our Social Media :» Linkedin - https://www.linkedin.com/in/ronskelton/» Twitter - https://twitter.com/ronaldskelton» Facebook - https://www.facebook.com/How2Exit» Newsletter - http://deeper.how2exit.com/🎬SUGGESTED VIDEOSPlease check them out :▶️E94: Hans Sperling Discusses Mergers And Acquisitions Transactions And Provisions - https://youtu.be/VdFEZq13SpE▶️E90: Christine McDannell of Magnolia Firm Helps Business Owners Achieve Seamless Exits - https://youtu.be/wyl358GKQ4Y#How2Exit # # 💖Thanks for watching! 💖Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.

Today's Primary Sponsor is Snowball - www.Snowballclub.com - A private community of entrepreneurial investors helping each other.Watch Here: https://youtu.be/Vsd7QwbCATwAbout the Guest(s): Mike Moyer is an entrepreneur, author, and award-winning speaker. He is the author of "Slicing Pie" and "Will Work for Pie," among other books. With a background in startups and a wide range of business experiences, Mike has developed a deep understanding of equity splits and fair dealing with partners. He is passionate about helping entrepreneurs navigate the challenges of equity distribution and has become a leading expert in the field. You can find more information about Mike Moyer on his website.Summary: In this episode, Ronald Skelton interviews Mike Moyer, the author of "Slicing Pie," a groundbreaking book that offers a fair and logical approach to equity splits in startups. Mike shares his origin story as an entrepreneur and explains how his personal experiences with unfair equity splits led him to develop the Slicing Pie model. He breaks down the concept of Slicing Pie and highlights its key differences from traditional equity distribution methods. Mike emphasizes the importance of basing equity splits on the bets made by each individual, whether in the form of time, money, or other contributions. He also discusses the challenges of implementing Slicing Pie after a company is already up and running and provides insights on how to navigate equity splits in mergers and acquisitions. Throughout the conversation, Mike emphasizes the universal logic and fairness of the Slicing Pie model and its potential to revolutionize the way startups approach equity distribution.Key Takeaways:The Slicing Pie model offers a fair and logical approach to equity splits in startups, based on the bets made by each individual.Equity splits should reflect the proportionate contributions of each team member, whether in the form of time, money, or other resources.Slicing Pie provides a dynamic framework that adjusts as the company grows and changes, ensuring ongoing fairness in equity distribution.Implementing Slicing Pie after the fact is possible through a process called retrofitting, which involves recalculating equity splits based on past contributions.The Slicing Pie model can be used in mergers and acquisitions by combining the pies of the merging companies and ensuring a fair distribution of equity.Notable Quotes:"Fairness is a universal concept. Just like splitting a cookie with your brother, equity splits should be based on the bets made by each individual." - Mike Moyer"Slicing Pie is a financing tool that ensures fairness in equity splits. It works because it is based on observable facts, not subjective opinions." - Mike Moyer--------------------------------------------------Contact Mike on Linkedin: https://www.linkedin.com/in/mikemoyer/Website: http://www.mikemoyer.com/--------------------------------------------------How2Exit Joins IT ExchangeNet's Channel Partner Network!Have an IT Company doing between $5M and $30M You may Sell?The IT ExchangeNet M&A Marketplace @Ronald Skelton - How2Exit Host has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms and channel partners in the Microsoft, Oracle, ServiceNow and Salesforce space.If you are interested in learning more about the process and current market valuations, complete the contact form and we’ll respond within one business day. Everything is kept confidential.https://www.itexchangenet.com/marketplace-how2exit Our partnership with IT ExchangeNet focuses on deals above $5M in value.If you are looking to buy or sell a tech business below the $5M mark, we recommend Flippa.--------------------------------------------------💰If you’d like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/►Visit Our Website: https://www.how2exit.com/📧For Business Inquiries: Me@4sale2sold.comDon't Forget to SUBSCRIBE to the How2Exit channel and press (🔔) to join the Notification Squad and stay updated with new uploads.✨👇🏻SUBSCRIBE HEREhttps://www.youtube.com/channel/UC_ONnhwaKSTPFt2nOxKoXXQ?sub_confirmation=1 𝐖𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬...?▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬👍 Like the video (it helps a ton!)💬 Comment below to share your opinion!🔗 Share the video with anyone you think might help :) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬📱Stay Tuned On Our Social Media :» Linkedin - https://www.linkedin.com/in/ronskelton/» Twitter - https://twitter.com/ronaldskelton» Facebook - https://www.facebook.com/How2Exit» Newsletter - http://deeper.how2exit.com/#How2Exit # # 💖Thanks for watching! 💖Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.

Today's Primary Sponsor is Snowball - www.Snowballclub.com - A private community of entrepreneurial investors helping each other.Watch Here: https://youtu.be/z2bs0opYZmoAbout the Guest(s): Ignacio Villanueva is the VP of Origination of Boopos, a finance company that specializes in providing capital for subscription-based businesses. Originally from Spain, Ignacio has a background in professional rugby and has played for the Spanish national team. He studied business and law and went on to start a fintech company before joining Boopos. With his experience in the M&A space, Ignacio has been instrumental in building Boopos into a successful platform for financing online businesses.Summary: In this episode, Ignacio shares his journey from being a professional rugby player to entering the world of finance and acquisitions. He discusses the origin story of Boopos and how the company provides financing for subscription-based businesses. Ignacio explains the different types of buyers Boopos works with, including roll-up strategies, sophisticated buyers, and first-time buyers. He also highlights the importance of understanding the cash flow and revenue trends of a business before acquiring it. Ignacio concludes by discussing the challenges and opportunities in the e-commerce and content site industries.Key Takeaways:Boopos specializes in financing subscription-based businesses and works with different types of buyers, including roll-up strategies, sophisticated buyers, and first-time buyers.Understanding the cash flow and revenue trends of a business is crucial before acquiring it, as it helps determine the deal structure and financing options.E-commerce businesses can be risky due to their high competition and potential revenue fluctuations, making it important to have a solid understanding of the market and brand equity.Boopos offers a streamlined process for financing acquisitions, analyzing businesses within a few business days and providing personalized advice on deal structures.The future of acquisitions may involve new verticals such as TikTok shops and YouTube channels, and Boopos is open to exploring these opportunities.--------------------------------------------------Contact Ignacio onLinkedin: https://www.linkedin.com/in/ignacio-villanueva-martin-b58aa6128/Website: https://www.boopos.com/--------------------------------------------------How2Exit Joins IT ExchangeNet's Channel Partner Network!Have an IT Company doing between $5M and $30M You may Sell?The IT ExchangeNet M&A Marketplace @Ronald Skelton - How2Exit Host has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms and channel partners in the Microsoft, Oracle, ServiceNow and Salesforce space.If you are interested in learning more about the process and current market valuations, complete the contact form and we’ll respond within one business day. Everything is kept confidential.https://www.itexchangenet.com/marketplace-how2exit Our partnership with IT ExchangeNet focuses on deals above $5M in value.If you are looking to buy or sell a tech business below the $5M mark, we recommend Flippa.--------------------------------------------------💰If you’d like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/►Visit Our Website: https://www.how2exit.com/📧For Business Inquiries: Me@4sale2sold.comDon't Forget to SUBSCRIBE to the How2Exit channel and press (🔔) to join the Notification Squad and stay updated with new uploads.✨👇🏻SUBSCRIBE HEREhttps://www.youtube.com/channel/UC_ONnhwaKSTPFt2nOxKoXXQ?sub_confirmation=1𝐖𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬...?▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬👍 Like the video (it helps a ton!)💬 Comment below to share your opinion!🔗 Share the video with anyone you think might help :) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬📱Stay Tuned On Our Social Media :» Linkedin - https://www.linkedin.com/in/ronskelton/» Twitter - https://twitter.com/ronaldskelton» Facebook - https://www.facebook.com/How2Exit» Newsletter - http://deeper.how2exit.com/🎬SUGGESTED VIDEOSDon't forget to watch 📽 Our other videos. Please check them out :▶️E94: Hans Sperling Discusses Mergers And Acquisitions Transactions And Provisions - https://youtu.be/VdFEZq13SpE▶️E90: Christine McDannell of Magnolia Firm Helps Business Owners Achieve Seamless Exits - https://youtu.be/wyl358GKQ4Y▶️E127: Kirk Michie Discusses His Role As A Business Advisor And The Secrets To Selling A Business - https://youtu.be/ahHQk5_CVuo#How2Exit # # 💖Thanks for watching! 💖Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.

Today's Primary Sponsor is Snowball - www.Snowballclub.com - A private community of entrepreneurial investors helping each other.Watch Here: https://youtu.be/Nu8n47rijqMAbout the Guest(s): Richard Tunnah is an experienced entrepreneur and mergers and acquisitions expert. With a diverse background in various industries, Richard has successfully built and sold multiple businesses throughout his career. He specializes in helping businesses grow through strategic acquisitions and exit planning. Richard's expertise lies in identifying opportunities, maximizing value, and navigating the complexities of mergers and acquisitions.Summary: In this episode, Ronald Skelton interviews Richard Tunnah, an accomplished entrepreneur and mergers and acquisitions specialist. Richard shares his journey in the business world, from starting his own online classified site to acquiring and selling multiple businesses. He emphasizes the importance of forward planning and exit strategy when it comes to selling a business. Richard also discusses common pitfalls and lessons learned from his own experiences. The conversation highlights the significance of financial organization, customer diversification, and realistic valuation of assets. Richard provides valuable insights into the world of mergers and acquisitions, offering advice for both buyers and sellers.Key Takeaways:Forward planning and exit strategy are crucial when selling a business. Proper preparation and organization can maximize the value of the business and attract potential buyers.Customer diversification is essential to mitigate risk. Relying heavily on one customer can be a red flag for buyers and lenders, potentially affecting the sale of the business.Valuation of assets should be based on current market value, not the original purchase price. Overvalued assets can negatively impact the sale of a business and deter potential buyers.Acquiring businesses can be a viable strategy for growth. By identifying opportunities and leveraging existing skill sets, businesses can expand quickly and efficiently.Professional advice and guidance are essential when navigating mergers and acquisitions. Working with experts who understand the complexities of the process can help ensure a successful transaction.--------------------------------------------------Contact Richard onLinkedin: https://www.linkedin.com/in/richardtunnah/Website: http://www.richardtunnah.com/--------------------------------------------------How2Exit Joins IT ExchangeNet's Channel Partner Network!Have an IT Company doing between $5M and $30M You may Sell?The IT ExchangeNet M&A Marketplace @Ronald Skelton - How2Exit Host has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms and channel partners in the Microsoft, Oracle, ServiceNow and Salesforce space.If you are interested in learning more about the process and current market valuations, complete the contact form and we’ll respond within one business day. Everything is kept confidential.https://www.itexchangenet.com/marketplace-how2exit Our partnership with IT ExchangeNet focuses on deals above $5M in value.If you are looking to buy or sell a tech business below the $5M mark, we recommend Flippa.--------------------------------------------------💰If you’d like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/►Visit Our Website: https://www.how2exit.com/📧For Business Inquiries: Me@4sale2sold.comDon't Forget to SUBSCRIBE to the How2Exit channel and press (🔔) to join the Notification Squad and stay updated with new uploads.✨👇🏻SUBSCRIBE HEREhttps://www.youtube.com/channel/UC_ONnhwaKSTPFt2nOxKoXXQ?sub_confirmation=1𝐖𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬...?▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬👍 Like the video (it helps a ton!)💬 Comment below to share your opinion!🔗 Share the video with anyone you think might help :) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬📱Stay Tuned On Our Social Media :» Linkedin - https://www.linkedin.com/in/ronskelton/» Twitter - https://twitter.com/ronaldskelton» Facebook - https://www.facebook.com/How2Exit» Newsletter - http://deeper.how2exit.com/#How2Exit # # 💖Thanks for watching! 💖 Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.

Today's Primary Sponsor is Snowball - www.Snowballclub.com - A private community of entrepreneurial investors helping each other.Watch here: https://youtu.be/jIyfHRlKO-kAbout the Guest(s): Anthony Lawson is a real estate investor and entrepreneur specializing in buying and operating real estate-related businesses. He started his journey in the real estate world by purchasing his first property and turning it into a veteran housing facility. From there, he expanded into sober living homes and group homes for individuals with disabilities. Anthony is the founder of Global Investment Capital Group and has successfully raised capital for his debt fund, which focuses on acquiring and operating group homes and assisted living facilities.Summary: In this episode, Ronald Skelton interviews Anthony Lawson about his experience in buying and operating real estate-related businesses, specifically in the field of assisted living and group homes. Anthony shares how he got started in the industry and the impact he wanted to make by providing housing for veterans and individuals in need. He explains the process of acquiring and transforming properties into assisted living facilities, as well as the various types of group homes and the potential for high cash flow. Anthony also discusses his unique approach to raising capital through a debt fund, which allows investors to receive fixed returns and provides flexibility for scaling the business.Key Takeaways:Anthony Lawson started his real estate journey by purchasing his first property and turning it into a veteran housing facility, which inspired him to create a business model that is impactful and cash-flowing.Assisted living facilities and group homes for individuals with disabilities have the potential for high cash flow, with some facilities generating up to $10,000 per month per bed.Acquiring existing facilities through mergers and acquisitions is a scalable approach to growing a real estate business in the assisted living and group home industry.Anthony's debt fund structure allows investors to receive fixed returns and provides flexibility for scaling the business without the complexities of equity-based funds.The key to success in the assisted living and group home industry is understanding the target demographic, building relationships with organizations and caseworkers, and leveraging government contracts for additional revenue.--------------------------------------------------Contact Anthony onLinkedin: https://www.linkedin.com/in/anthony-lawson-a2b924163/Website: www.globalinvestmentcapitalgroup.com--------------------------------------------------How2Exit Joins IT ExchangeNet's Channel Partner Network!Have an IT Company doing between $5M and $30M You may Sell?The IT ExchangeNet M&A Marketplace @Ronald Skelton - How2Exit Host has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms and channel partners in the Microsoft, Oracle, ServiceNow and Salesforce space.If you are interested in learning more about the process and current market valuations, complete the contact form and we’ll respond within one business day. Everything is kept confidential.https://www.itexchangenet.com/marketplace-how2exitOur partnership with IT ExchangeNet focuses on deals above $5M in value. If you are looking to buy or sell a tech business below the $5M mark, we recommend Flippa.--------------------------------------------------💰If you’d like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/►Visit Our Website: https://www.how2exit.com/📧For Business Inquiries: Me@4sale2sold.comDon't Forget to SUBSCRIBE to the How2Exit channel and press (🔔) to join the Notification Squad and stay updated with new uploads.✨👇🏻SUBSCRIBE HEREhttps://www.youtube.com/channel/UC_ONnhwaKSTPFt2nOxKoXXQ?sub_confirmation=1𝐖𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬...? ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬👍 Like the video (it helps a ton!)💬 Comment below to share your opinion!🔗 Share the video with anyone you think might help :) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬📱Stay Tuned On Our Social Media :» Linkedin - https://www.linkedin.com/in/ronskelton/» Twitter - https://twitter.com/ronaldskelton» Facebook - https://www.facebook.com/How2Exit» Newsletter - http://deeper.how2exit.com/#How2Exit # # 💖Thanks for watching! 💖Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.

Today's Primary Sponsor is Snowball - www.Snowballclub.com - A private community of entrepreneurial investors helping each other.About the Guest(s): John Seiffer is a business coach and author with extensive experience in helping business owners systemize their companies and improve their overall operations. He has been coaching business owners since the late 1990s and is known for his expertise in helping entrepreneurs exit their companies without selling them. John is the author of the book "Output Thinking" and is the founder of CEO Bootcamp.Summary: In this episode, Ronald Skelton interviews John Seiffer, a business coach and author, about the concept of exiting a company without selling it. John shares his own experience of systemizing his company and reducing his involvement to just a few hours a month, which allowed him to focus on other interests and ultimately exit the company on his own terms. He explains the importance of defining outputs and creating systems within different areas of the business, such as production, sales, support, and growth. John also discusses the value of documenting standard operating procedures (SOPs) and utilizing technology to streamline processes. By implementing these strategies, business owners can increase the value of their companies and create more freedom for themselves.Key Takeaways:Systemizing a company and reducing the owner's involvement can increase its value and create more freedom for the owner.Defining outputs and creating systems within different areas of the business is essential for scalability and efficiency.Documenting standard operating procedures (SOPs) and utilizing technology can streamline processes and improve productivity.Outsourcing or delegating tasks can free up the owner's time and allow them to focus on higher-level strategic activities.Exiting a company without selling it requires careful planning and the development of a strong management team.Watch it on Youtube: https://youtu.be/W69Q2Knsa18--------------------------------------------------Contact John onLinkedin: https://www.linkedin.com/in/johnseiffer/Website: http://www.ceobootcamp.com/--------------------------------------------------How2Exit Joins IT ExchangeNet's Channel Partner Network!-Why IT ExchangeNet?Since 1998, IT ExchangeNet has created $5 billion in value by selling more than 225 IT businesses in 20 countries. IT ExchangeNet works exclusively with IT-enabled businesses generating between $5M and $30M who are ready to be sold, and M&A decision-makers who are ready to buy. For over 25 years IT ExchangeNet has developed industry knowledge that helps them determine whether a seller is a good fit for their buyers before making a match."Out of all of the brokers I've met, this team has the most experience and I believe the best ability to get IT service businesses sold at the best price" - Ron SkeltonThe IT ExchangeNet M&A Marketplace we partnered with has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms, and channel partners in the Microsoft, Oracle, ServiceNow, and Salesforce space.If you are interested in learning more about the process and current market valuations, complete the contact form and we’ll respond within one business day. Everything is kept confidential.Are you interested in what your business may be worth? Unlock the value of your IT Services firm, visit https://www.itexchangenet.com/marketplace-how2exit and complete the contact form.Our partnership with IT ExchangeNet focuses on deals above $5M in value. If you are looking to buy or sell a tech business below the $5M mark, we recommend Flippa.--------------------------------------------------💰If you’d like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/►Visit Our Website: https://www.how2exit.com/📧For Business Inquiries: Me@4sale2sold.comDon't Forget to SUBSCRIBE to the How2Exit channel and press (🔔) to join the Notification Squad and stay updated with new uploads.✨👇🏻SUBSCRIBE HEREhttps://www.youtube.com/channel/UC_ONnhwaKSTPFt2nOxKoXXQ?sub_confirmation=1𝐖𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬...?▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬👍 Like the video (it helps a ton!)💬 Comment below to share your opinion!🔗 Share the video with anyone you think might help :) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬📱Stay Tuned On Our Social Media :» Linkedin - https://www.linkedin.com/in/ronskelton/» Twitter - https://twitter.com/ronaldskelton» Facebook - https://www.facebook.com/How2Exit» Newsletter - http://deeper.how2exit.com/#How2Exit # # 💖Thanks for watching! 💖Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.