Alternatives on How to Buy A Business Without Cash on Hand
Tyler Tysdal and Robert Hirsch Discussed the Difference Between Business Brokers and Investment Bankers
Contact Freedom Factory
Freedom Factory Managing Partners
Entrepreneur, Investor, Speaker, Artist
Knowing the Difference Between Business Brokers and Investment Bankers
Brokers and investment bankers are two words commonly used in the business world. They are very much alike but function differently. Business brokers sell businesses to entrepreneurs, private equity firms, small private equity firms, venture capitals, and little roll-ups. These people focus on helping business owners get the maximum selling value of their business.
On the other hand, investment bankers are people with a background in investment banking. They do not help small scale businesses. Their focus is on large deals, typically values a hundred million dollars. They are a part of financial institutions that focus on raising capital for big corporations and government entities. Read more here:
Why Small Business is the Most Undervalued Asset Class According to Robert Hirsch
Businesses come in all sizes, but small businesses are the most undervalued asset class, according to Robert Hirsch, a seasoned entrepreneur, and owner of Freedom Factory. Robert said that while small companies are small in size and reach, they can be bought for three times earnings or even more. Small businesses are not always synonymous with low value. Know how to play the cards strategically, and small businesses could worth more. There aren’t undervalued classes on the planet. Business owners can put whatever size is appropriate for the business as interested buyers are more than willing to negotiate when they see a good future for the business. Selling a company for maximum value is more than just doing the math. An entrepreneurial skill set is essential too.
Robert Hirsch and Tyler Tysdal of Freedom Factory emphasize maximizing the value of a business and making it ready for sale. These serial entrepreneurs have been making money from buying, selling, and operating a small business for many decades. They know what works. Read more:
Follow Tyler Tysdal on Twitter https://twitter.com/TysdalTyler/
What podcasts do friends listen to? 🤔
Discover podcasts you love based on people you follow.