Episode description
Growing Through Acquisition And Positioning To Sell Your Business with Terry Lammers
Episode description
Acquisition and positioning are significant when selling your business, as well as knowing your cash flow before buying another company you are interested in. In this episode, Terry Lammers of Innovative Business Advisors discusses techniques and ways for you to be able to sell your business or buy another company effectively. With your company, it is not about sales and net income; instead, it is all about gross profit and especially cash flow. He elaborates to you the reasons why, as he also emphasizes how having the right business advisors and team is crucial in helping you successfully buy or sell your business.
Some Topics We Discussed Include:
- Considering acquisitions on your business
- Importance of right banking relationships
- How “Planting Seed” is important in making conversations to competitors about selling their business
- Advisers on Acquisitions and Dispositions sides
- Cash flow as an important thing on getting a loan
- Recurring revenue
- Services provided by Terry Lammers
- How to run business from a financial business
Learn more about Terry and get the full shownotes at https://baconwrappedbusiness.com/growing-through-acquisition-and-positioning-to-sell-your-business-with-terry-lammers
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