Selling Your Business Yourself, with Dr. Grace Yum
Release Date: 11/15/2021
The Legalities of Selling Your Business: Series Wrap Up
Financially Simple Bizcast
If you’re thinking of selling your business in the near future, or even much further down the line, knowing the legal issues that can arise and being prepared for those eventualities will be a boon when the time comes. In this episode, Justin summarises the last few episodes covering the legal aspects of selling a business, and asked the question: are you ready?
info_outline
The Legalities of Selling Your Business, with Mital Patel
Financially Simple Bizcast
With the “do-it-yourself” attitude of most business owners, some of the important complex and difficult legal issues that crop up when selling a business can be overlooked or even ignored. In this episode, Justin and Mital go over the purchase agreement, and consider the important fundamentals that need to be addressed in the document so that both the buyer and seller, and even third parties involved, are not liable for preventable issues.
info_outline
Selling Your Business Yourself, with Dr. Grace Yum
Financially Simple Bizcast
Taking the reins and selling your business by yourself can be challenging, and immensely rewarding, especially if you’ve taken the right steps to understand the process and your desired outcomes. In this episode, Justin and Grace discuss the events of her starting, building, and eventually selling her dental practices on her own.
info_outline
Investment Banking and Business Transition, with James Pugh
Financially Simple Bizcast
Whether transitioning or planning the next step of growing your business, having the financing in place to support the move is vital. In this episode, Justin and James look go over the role of investment bankers in increasing the value of your business to building your capital stack, and reducing risk.
info_outline
The Business Process: Transitioning, Selling, and Buying, with Matteo Valles
Financially Simple Bizcast
Having a Broker on your side when it comes to selling your business might seem unnecessary, but the value that they can add in helping value the business, assisting getting prepared for sale, and with the sale itself far outweighs any costs. In this episode, Justin and Matteo look at the transaction process from both the seller and buyer’s point of view, and give some insight into the complexities of the undertaking.
info_outline
Estate Planning, with Julie Eisenhower
Financially Simple Bizcast
Estate Planning is essential for every business owner, having a legal document in place in case the unexpected happens to you or if you are the principle beneficiary of another business owner. In this episode, Justin and Julie go over the differences between Estate Planning for a business owner and a non-business owner, considerations of inheriting a business, co-mingling and giving someone the power of attorney on your behalf.
info_outline
Introduction to Legal: Is Now the Right Time to Sell Your Business?
Financially Simple Bizcast
Is now the right time to sell your business? Have you planned everything out, prepared your employees and team? Have you considered what happens after? In this episode, Justin introduces the series of episodes that will answer these questions and more, with up coming interviews with professionals and business owners that have gone through the process.
info_outline
Social Media for Business Owners
Financially Simple Bizcast
There are a number of different social media platforms each catering to a different age group and or mindset. In this episode, Justin goes over each platform in turn, considering the main user group and demographics of the platforms as well as the form of media used on each, and how to leverage this data to better target your ideal customer.
info_outline
Social Media & Digital Marketing Misconceptions
Financially Simple Bizcast
Social Media platforms have grown in number and popularity in the last few years, becoming powerful tools for businesses that are able to leverage the opportunities the platforms afford. In this episode, Justin looks at reasons why business owners can be hesitant to utilize Social Media, and explains why they shouldn’t.
info_outline
5 Trends to Make Your Marketing More Effective
Financially Simple Bizcast
In recent years we’ve seen the business landscape change as new technology and innovation disrupts how we do business. In this episode, Justin goes over five marketing trends that have become instrumental in modern business strategies.
info_outlineIn episode 385 of Financially Simple, Justin talks to Dr. Grace Yum about selling her dental practices by herself.
Taking the reins and selling your business by yourself can be challenging, and immensely rewarding, especially if you’ve taken the right steps to understand the process and your desired outcomes. In this episode, Justin and Grace discuss the events of her starting, building, and eventually selling her dental practices on her own.
Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!
_________________
TIME INDEX:
00:42 - Selling Your Business Yourself, with Dr. Grace Yum
03:46 - Backstory: Education, Experience, Development
09:30 - Exiting
12:04 - Seeking Guidance
13:38 - Leaving a Legacy
15:57 - Doing it Yourself
19:27 - The Buyer
21:16 - The Process
23:25 - Crossing the Finish Line
25:40 - The Next Step
31:01 - Recommend Reading
31:50 - A Nugget of Wisdom
32:54 - Summary
_________________
USEFUL LINKS:
Selling Your Practice: The Essential Guide to Successfully out of Dentistry, by Dr. David Phelps
Advance Child Tax Credit Payments in 2021
Subscribe to the Financially Simple Newsletter
NEW Book: Your Baby’s Ugly - Maximize the Value of Your Business NOW or You Will Have Nothing to Sell Later
_________________
BIO:
Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. To learn more about our credentials and awards, please visit https://heritageinvestor.com/awards-certifications/. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.