44 min
How to Sell a Business in 2023 Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses
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- Investing
Is 2023 a good time to sell a business? What is the market for a sale looking like in 2023 compared to the last few years? How does that inform what might lie ahead in the coming months or years? Tim Hanson and Emily Holdman talk about their perspective on the market and share why now is the best time to sell a company.
LINKS & MENTIONS FROM THIS EPISODE
Instant Appraisal Tool https://www.permanentequity.com/instant-appraisal
Start a conversation with us https://www.permanentequity.com/sellers
Connect with Emily on LinkedIn https://www.linkedin.com/in/emilyholdman/
Connect with Emily on twitter https://twitter.com/emilyleldridge
Connect with Tim on LinkedIn https://www.linkedin.com/in/timothybhanson/
Connect with Tim on twitter https://twitter.com/timhanso
Sign up for a new daily newsletter from Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions
Connect with David on twitter https://twitter.com/DavidACover
Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/
Visit https://www.permanentequity.com/ for more
Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter
TIMESTAMPS
0:00 Intro
1:24 Market Conditions
5:38 Why 2023 is a Good Time To Sell
14:45 What Kind of Companies Do We Buy
16:40 Different Industry Conditions
19:00 You May Have a Business Model Problem
21:25 Reality Check
22:15 Should I Wait to Sell?
27:00 David Puts on His “Skeptical Skirt”
28:30 Why Do I Care Where You Get Your Money?
30:45 Conflict of Interest?
33:00 Instant Appraisal Tool
34:45 Privacy Concerns When Talking About My Business
39:22 What’s the Deal Process Look Like?
41:14 Lawyer Jokes
42:03 Who Is Our Biggest Competitor?
42:50 What Comes Next
44:14 Tim’s New Newsletter: Unqualified Opinions
EPISODE CREDITS
Produced by David Cover
Intro music by Andrew Camp, David Cover, Scott Johnson, Andrew Luley, & Dave Wilton
Outro music by Ghost Beatz
LEGAL DISCLAIMER
This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
Is 2023 a good time to sell a business? What is the market for a sale looking like in 2023 compared to the last few years? How does that inform what might lie ahead in the coming months or years? Tim Hanson and Emily Holdman talk about their perspective on the market and share why now is the best time to sell a company.
LINKS & MENTIONS FROM THIS EPISODE
Instant Appraisal Tool https://www.permanentequity.com/instant-appraisal
Start a conversation with us https://www.permanentequity.com/sellers
Connect with Emily on LinkedIn https://www.linkedin.com/in/emilyholdman/
Connect with Emily on twitter https://twitter.com/emilyleldridge
Connect with Tim on LinkedIn https://www.linkedin.com/in/timothybhanson/
Connect with Tim on twitter https://twitter.com/timhanso
Sign up for a new daily newsletter from Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions
Connect with David on twitter https://twitter.com/DavidACover
Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/
Visit https://www.permanentequity.com/ for more
Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter
TIMESTAMPS
0:00 Intro
1:24 Market Conditions
5:38 Why 2023 is a Good Time To Sell
14:45 What Kind of Companies Do We Buy
16:40 Different Industry Conditions
19:00 You May Have a Business Model Problem
21:25 Reality Check
22:15 Should I Wait to Sell?
27:00 David Puts on His “Skeptical Skirt”
28:30 Why Do I Care Where You Get Your Money?
30:45 Conflict of Interest?
33:00 Instant Appraisal Tool
34:45 Privacy Concerns When Talking About My Business
39:22 What’s the Deal Process Look Like?
41:14 Lawyer Jokes
42:03 Who Is Our Biggest Competitor?
42:50 What Comes Next
44:14 Tim’s New Newsletter: Unqualified Opinions
EPISODE CREDITS
Produced by David Cover
Intro music by Andrew Camp, David Cover, Scott Johnson, Andrew Luley, & Dave Wilton
Outro music by Ghost Beatz
LEGAL DISCLAIMER
This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
44 min