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Selling Businesses With Purpose and Profit
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The Financial Operator Podcast: Cash In, Chaos Out | Ep. 64 | Selling Businesses With Purpose & Profit
Link to video podcast episode: https://youtu.be/2_N758pI-DM
Empowering Women in M&A: Rachel Boynton's Inspiring Journey 💼✨
🎙️ Welcome to the Financial Operator Podcast: Cash In, Chaos Out! Join host Jen Fizer as she talks with Rachel Boynton, a former human services worker turned business broker, about her journey from starting a home care service to building her own M&A firm. Rachel shares insights on how to prepare a business for sale, avoid common pitfalls, and the importance of tracking finances. She also delves into her mission to empower women business owners in an industry dominated by men. Rachel offers invaluable advice for business owners looking to sell, including real-life experiences and challenges faced during the process. Don't miss out on this detailed discussion packed with practical tips and inspiration! #BusinessBroker #WomenInBusiness #Entrepreneurship
00:00 Introduction and Guest Introduction 00:29 Rachel's Background and Journey into Human Services 01:12 Founding and Growing Life Share 01:38 Selling Life Share and Corporate Experience 02:07 Transition to M&A and Empowering Women Owners 03:24 Challenges and Lessons from Selling a Business 07:08 Importance of Financial Literacy for Business Owners 09:32 Navigating the Sale Process and Valuation 19:13 Preparing for Unexpected Challenges 25:52 Understanding Different Types of Brokers 34:11 Organizing Your Business for Future Sale 34:53 Personal Experience with Home Resale 36:01 Preparing Your Business for Sale 36:57 Financial Records and Business Valuation 37:50 The Importance of Planning Ahead 39:00 Navigating Buyer Expectations 41:04 Understanding Add-Backs and Working Capital 50:38 The Role of a Boutique Firm in Selling Your Business 52:59 Post-Sale Transition and Earnouts 01:01:46 Final Thoughts and Contact Information
#mkb #financialpodcast #financialoperator #businessowner #entrepreneurship #businessbroker #womeninbusiness #womeninleadership #womenentrepreneurs
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