Andrew GazdeckiSerial Entrepreneur Driving Startup Acquisitions

If you already want to sell your business, is there something you can do to increase business value?

22 Nov 2023

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This is a YouTube video titled "If you already want to sell your business, is there something you can do to increase business value?" containing a discussion between two speakers, including Corey and another unidentified speaker, about strategies to increase the value of a business before selling it, such as reducing expenses and securing yearly contracts. The content was created in November 2023.

I think if I sold it eight months prior, it would have been like half the value that I sold it for. So I think it's important to like consider that, you know, like, is there not stopping anyone from selling their business? But like, if you already want to sell your business, is there something that you could do in just like the next maybe six months that is going to make it more valuable? So I think that's something that I would probably tell someone else because that's exactly what I experience.
And that can include things like reducing expenses, cleaning up the books, going through your, your customers and making sure that, you know, maybe you can get them on yearly contract. There's so many different things you can do. But just having that mindset of like, okay, I'm going to sell it in the distant future. I'm going to start, you know, positioning the business in the best way possible for buyers. Now that's, that's, that's great advice, Corey. I like that.