Growth & Exit Digest

By: Podcraftr
  • Summary

  • Your expert source strategic insights on scaling and successfully selling your business. Each edition addresses issues relevant to those challenges and will help you make the right decisions that will maximize potential
    Copyright Podcraftr
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Episodes
  • Why a Competitive Process is Key to Getting the Best Deal
    Nov 6 2024
    In the latest episode of the Growth & Exit Digest, Mike Levison discusses the significance and mechanics of a competitive sales process in the context of business sales. He stresses that a competitive sales process proactively engages multiple potential buyers to obtain the most favorable deal. The process should consist of engaging a range of buyers, performing a thorough due diligence on these buyers, fostering competition between them, and evaluating their commitment. Mike points out that higher demand, better transaction structures, and shorter timelines are key advantages of this process. He warns against buyers wanting exclusivity, advising sellers to minimize this risk by keeping exclusivity periods short and having backup buyers. He also shares insights on how to run a successful competitive sales process, including preparation and setting firm deadlines. Mike reminds listeners that while the process may be complex, it is crucial to avoid leaving money on the table and to find the true value of a business.
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    6 mins
  • Tax-Savvy Exits: Key Strategies to Boost Business Value and Avoid Costly Pitfalls
    Nov 1 2024
    In this episode of Growth & Exit Digest, host Mike Levison discusses the importance of proper tax strategies for increasing business value and facilitating a smooth exit. He emphasizes the importance of pre-sale tax planning to optimize business valuation and ensuring favorable tax outcomes. Mike then dives into the critical decision of choosing between asset and stock sales, using a case study to illustrate the potential implications on tax liability. He provides key insights on the use of installment sales, gifting shares, and timing the sale to coincide with favorable tax conditions. The podcast also covers the complexities of multi-state and international tax rules and the importance of post-sale strategy in managing capital gains taxes and reinvestment.
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    5 mins
  • Important Steps To Maximize Enterprise Value
    Oct 10 2024
    In this episode of the Growth & Exit Digest, Mike Levison discusses the crucial elements of preparing a business for sale and boosting its value. He emphasizes the importance of early planning, operational efficiency, clean financials, growth strategies, due diligence preparation, a capable management team, and a strong market position. He speaks on the advantages of operational efficiency, the relevance of well-organized and updated financial records, and the ways to expand revenue through growth strategies. He also touches upon the extensive review process in due diligence, the role of a strong management team in successful business transitions, and the benefit of a clear competitive advantage in the market. Mike Levison's key message is that with strategic planning, a business owner can significantly increase the sale price of their business.
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    5 mins

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