The Small Biz Ahead Podcast | Tips for Buying or Selling Your Business

In this episode of The Small Biz Ahead Podcast, host Gene Marks is joined by a returning guest, Joey Korenman, Founder of School of Motion & Co-Founder of Rolo. Gene and Joey discuss the process of buying businesses, why you might want to acquire a business and lessons learned from previous acquisitions. Joey also offers insight into the idea of “buy and build” entrepreneurship.
Chapters:
00:00 Introductions
01:18 Buying Businesses
04:27 Buying Product vs a Company
05:25 Common Acquisition Processes
10:10 Lesson Learned in Deal Making
14:08 Capital Gains, Liability and Tax Accounting
17:12 Negotiating Sale Price
20:00 The Process of Buying a Business
26:30 Buying Products to Use as Lead Magnets
27:58 Acquiring Customer Lists
29:45 Best Practices of Buying a Business
32:20 Closing
Visit www.schoolofmotion.com to learn more about School of Motion.
Want more tools and resources for small business owners? Visit us at sba.thehartford.com.
The Small Biz Ahead podcast is dedicated to helping small business owners succeed. Each episode focuses on specific topics that can help you bring your small business to the next level. Gene Marks, an author and business owner, offers insight on how to make your business more efficient with tips, interviews and conversations with business owners and thought leaders.
The views and opinions expressed on this podcast are for informational purposes only, and solely those of the podcast participants, contributors, and guests, and do not constitute an endorsement by or necessarily represent the views of The Hartford or its affiliates.
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