070. Selling Your Company with Matt Smith & Matt Budden of Worttth

If you have products or services bringing in clients, then you have a sellable company. This week, Amber is joined by Matt Smith and Matt Budden of WORTTTH Advisory to dish out tips on turning your company into a hot commodity. From savvy valuation strategies to buyer alignment and the three ways to exit your company, you'll learn how to take your business to the next level.

Matt Budden and Matt Smith are the co-founders of WORTTTH Advisory. Affectionately referred to as The Matts, their boutique financial consulting firm is bringing fresh perspective to entrepreneurs and founders across a variety of industries. Through their experience in mergers and acquisitions and leading a multinational accounting firm, they start with the end in mind. They are able to help entrepreneurs scale sustainably through their fractional CFO services and relational approach to business and financial strategy. They are on a mission to Transform Tomorrow Together. Where finance is black and white, they bring the color!

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In today's episode, we cover the following:

• Intro (0:32)
• What Worttth is and how they help entrepreneurs (2:04)
• Building a business for the longterm (3:50)
• The phases of entrepreneurship (6:20)
• How you can exit your business (11:10)
• Your business' assets (16:25)
• Considerations when buying a business (18:05)
• What is 'business valuation'? (22:55)
• The emotional ties to your business (26:54)
• Common struggles with early-stage entrepreneurs (30:36)
• Goodwill in accounting (33:42)
• Entrepreneurship is a marathon (37:45)
• Rapid fire rich guy questions (39:45)
• How to connect with Matt Smith & Matt Budden (46:20)

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GUEST INFO:

You can learn more about WORTTTH and their business tips on Instagram @Worttth and their website, Worttth.com.

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Connect with the Old Money Podcast:

Web: OldMoneyPodcast.com

Email: OldMoneyPodcast@gmail.com

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Copyright (c) Old Money 2024.

The content presented in this podcast is intended to entertain, educate, inspire and support listeners in their personal and professional development and does not constitute business, financial, or legal advice. Please note that this episode may contain paid endorsements and advertisements for products and services for which individuals on the show may have a direct or indirect financial interest in products or services related to the episode.