Building a Business to Sell Versus Building for Cashflow with James Schramko

EP 072: This week's podcast is a little bit different.

As it’s an episode in which I was a guest on the James Schramko podcast.

James and I went back and forth on sharing our experiences from both selling businesses and setting businesses up for cash flow.

The conversation brought out the pros and cons of each and why we are both focused on cash flow today.

You can see we both put a lot of thought and intention into the businesses and business models we have today.

We didn’t pick them by whim like my sister in the video store.

I hope this podcast lets you be more strategic and intentional about your business.

Episode Highlights:

00:00 Welcome to Business and Investing

2:43 What is a full stack business owner?

4:20 Building a business to sell versus building a business for cash flow

12:43 Why having an objective is a great head start in building a business?

16:32 Is it profitable to sell your personal business brand?

19:44 Can you build a business to sell that has great cash flow?

22:05 Pros and cons of selling a business

26:25 The skills involved in selling a business

31:11 What are some business models that are more suited to sell?

34:31 What’s the importance of knowing your numbers in selling a business?

39:40 Reasons why you need to make a plan before selling your business

If you enjoyed this episode, be sure to subscribe, tune in and share this podcast!

Resources:

○ Business and Investing website: https://www.businessandinvesting.com/

○ James Schramko website: https://www.jamesschramko.com/

○ F E International website: https://feinternational.com/

○ Built to Sell: Creating a Business That Can Thrive Without You: https://www.amazon.com/Built-Sell-Creating-Business-Without-ebook/dp/B004IYISQW

○ Master the ART OF NEGOTIATION and WIN Any Exchange: https://www.youtube.com/watch?v=TllU5IXAP40

○ John Warrillow: https://ca.linkedin.com/in/johnwarrillow

About the Guest:

James Schramko is a highly sought-after business coach and the founder of SuperFastBusiness, who has a unique vision that shaped his digital marketing business into a success.

James is also the author of the best-selling book, "Work Less, Make More."

To connect with James, head over to: https://www.jamesschramko.com/

Subscribe:

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DISCLAIMER:

All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

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