POPULARITY
Pat Yates is a seasoned entrepreneur with a focus on e-commerce. In 2014 he struck a deal with Robert Herjavec on the Emmy Award winning show “Shark Tank”. Pat grew a single slipper kiosk business into a multimillion-dollar e-commerce focused business. During that time Pat has done licensing deals with DreamWorks, NCAA, NFL and Disney. In 2015 he struck up a relationship with Mark the founder of Quiet Light and continued eventually leading him to becoming an M&A advisor. He speaks on stages around the world and is an expert in the Ecom space.> Here's a glimpse of what you would learn…. Impact of "Shark Tank" on brand visibility and entrepreneur experiences.Importance of networking and community among entrepreneurs.Process and considerations for getting featured on "Shark Tank."Current challenges in the e-commerce market, including inflation and interest rates.Strategies for improving business performance before selling.Understanding business valuations and the significance of EBITDA multiples.Importance of preparation and accurate financial records for business sales.Actionable strategies for enhancing business value and growth.Role of technology and data analysis in e-commerce decision-making.Value of attending industry events for networking and learning opportunities.In this episode of the Ecomm Breakthrough Podcast, host Josh Hadley welcomes back Pat Yates, a seasoned entrepreneur and M&A advisor at Quiet Light Brokerage. Known for his successful "Shark Tank" deal with Robert Herjavec, Pat shares insights on leveraging the show's exposure, the importance of networking, and the current e-commerce landscape. He emphasizes the need for thorough preparation before selling a business, understanding financials, and maintaining realistic expectations. Pat also highlights the value of data-driven decision-making and the potential of AI tools to enhance business operations. This episode is a must-listen for entrepreneurs aiming to scale their businesses to new heights.Here are the 3 action items that Josh identified from this episode:Action Item #1 Consider "Shark Tank": Entrepreneurs with products that appeal to a broad audience should consider applying to "Shark Tank."Action Item #2 Maintain Accurate Financial Records: Running both accrual and cash basis books is crucial for understanding the business's financial position and preparing for potential exits.Action Item #3 Focus on Growth: Entrepreneurs should prioritize growth, especially if they are considering an exit.Resources mentioned in this episode:Josh Hadley on LinkedIneComm Breakthrough ConsultingeComm Breakthrough PodcastEmail Josh Hadley: Josh@eCommBreakthrough.comQuiet Light BrokerageExit Preneur PlaybookAmazon Business ReportsGoogle SheetsClaude AIChatGPTProsper ShowBillion Dollar Seller SummitThe E-MythDelivering HappinessScattered MindsShark TankBeyond the TankSpecial Mention(s):Adam “Heist” Runquist on LinkedInKevin King on LinkedInMichael E. Gerber on LinkedInRelated Episode(s):“Cracking the Amazon Code: Learn From Adam Heist's Brand Scaling Secrets” on the eComm Breakthrough Podcast“Kevin King's Wicked-Smart Tips for Building an Audience of Raving Fans” on the eComm Breakthrough Podcast“Unlocking Entrepreneurial Greatness | Insider Secrets With E-myth Author Michael Gerber” on the eComm Breakthrough PodcastThis episode is brought to you by eComm Breakthrough Consulting where I help seven-figure e-commerce owners grow to eight figures. I started my business in 2015 and grew it to an eight-figure brand in seven years.I made mistakes along the way that made the path to eight figures longer. At times I doubted whether our business could even survive and become a real brand. I wish I would have had a guide to help me grow faster and avoid the stumbling blocks.If you've hit a plateau and want to know the next steps to take your business to the next level, then email me at josh@ecommbreakthrough.com and in your subject line say “strategy audit” for the chance to win a $10,000 comprehensive business strategy audit at no cost!Transcript AreaJosh Hadley 00:00:00 Welcome to the Ecomm Breakthrough podcast. I'm your host, Josh Hadley, where I interview the top business leaders in e-commerce. Past guests include Kevin King, Aaron Cordovez and Michael E Gerber, the author of the E-myth. Today I am speaking with Pat Yates. He's actually a returning guest here to the ...
Episode 682: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to three high school founders about their biggest business problems. — Show Notes: (0:00) Intro (5:02) Sunshine Exteriors (29:16) Teens2Table (45:53) Totally Mums — Links: • Formidable Fellows - http://formidablefellowship.org/ • Sunshine Exteriors - https://www.hhpressurecleanings.com/ • Teens2Table - https://www.teens2table.com/ • Totally Mums - https://www.instagram.com/abigayle_lett • “Getting Everything You Can Out of Everything You've Got” - https://tinyurl.com/4rb9z8jd • How to Cold Email Like a Boss - https://copywritingcourse.com/heres-how-to-cold-email-like-a-boss/ • Gary Halbert Letter - https://swiped.co/file/famous-dollar-letter-by-gary-halbert/ • Sonith on X - https://x.com/sonith__/highlights • NextDoor - https://nextdoor.com/ • 1-800-Got-Junk - https://www.1800gotjunk.com/ • “The Sweaty Startup” - https://tinyurl.com/2eftpkv6 • Quiet Light Brokerage - https://quietlight.com/ • Future Titans - https://www.youtube.com/@future_titans — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it's called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
Michael Frew worked for two decades as an engineer, developer, and software architect on hundreds of consulting engagements with corporations including Lockheed Martin's Artificial Intelligence Labs, IBM, Microsoft, Amazon, Salesforce, and FireEye/Mandiant. He received his B.S. and MBA in Business and Economics while studying in China, Hong Kong, and The Netherlands, as well as several postgraduate information security certifications. Following his corporate career, Michael pivoted to Acquisition Entrepreneurship, acquiring software/SaaS companies, and using his boot-strapped funds to purchase multiple 6 and 7-figure businesses from brokers such as Empire Flippers, FE International, and Quiet Light Brokerage. Currently, Michael manages a growing 8-figure portfolio of cloud-based software companies, collectively generating a 7-figure pre-tax income annually. Michael's insights on digital business acquisitions and operations have been featured in dozens of media outlets like FE International, Indie Hackers, and Empire Flippers. Interview Links: Michael Frew's website: https://www.michaelfrew.com/. Subscribe To Our Weekly Newsletter: The Wealth Dojo: https://subscribe.wealthdojo.ai/ Download all the Niches Trilogy Books: The 21 Best Cashflow Niches Digital: https://www.cashflowninjaprograms.com/the-21-best-cashflow-niches-book Audio: https://podcasters.spotify.com/pod/show/21-best-cashflow-niches The 21 Most Unique Cashflow Niches Digital: https://www.cashflowninjaprograms.com/the-21-most-unique-cashflow-niches Audio: https://podcasters.spotify.com/pod/show/21-most-unique-niches The 21 Best Cash Growth Niches Digital: https://www.cashflowninjaprograms.com/the-21-best-cash-growth-niches Audio: https://podcasters.spotify.com/pod/show/21-cash-growth-niches Listen To Cashflow Ninja Podcasts: Cashflow Ninja https://podcasters.spotify.com/pod/show/cashflowninja Cashflow Investing Secrets https://podcasters.spotify.com/pod/show/cashflowinvestingsecrets Cashflow Ninja Banking https://podcasters.spotify.com/pod/show/cashflow-ninja-banking Connect With Us: Website: http://cashflowninja.com Podcast: http://resetinvestingsecrets.com Podcast: http://cashflowinvestingsecrets.com Podcast: http://cashflowninjabanking.com Substack: https://mclaubscher.substack.com/ Amazon Audible: https://a.co/d/1xfM1Vx Amazon Audible: https://a.co/d/aGzudX0 Facebook: https://www.facebook.com/cashflowninja/ Twitter: https://twitter.com/mclaubscher Instagram: https://www.instagram.com/thecashflowninja/ TikTok: https://www.tiktok.com/@cashflowninja Linkedin: https://www.linkedin.com/in/mclaubscher/ Gab: https://gab.com/cashflowninja Youtube: http://www.youtube.com/c/Cashflowninja Rumble: https://rumble.com/c/c-329875 --- Send in a voice message: https://podcasters.spotify.com/pod/show/cashflowninja/message
Chris Duty is back on the podcast as a special guest to talk about all the types of add backs you need to know when selling your ecommerce business. The inspiration for today came from a listener submitted question, which asked "what type of add backs can I negotiate when selling my ecommerce business?" When selling an ecommerce business, its important for owners to be compensated for the stressful one-time events that was experienced in the last 12 months when going to sell. These are called "Add Backs", but what are they exactly? I've invited Chris Duty, an advisor from Quiet Light Brokerage, to talk about the various types of Add Backs that you need to know about, why they matter, and how it can significantly impact the valuation of a business to potential buyers. Here's some timestamps for your convenience: 0:00 - Introduction 0:31 - Ad Spot 2:46 - Background of Today's Subject 4:50 - What is an Add Back? 7:16 - Accrual Accounting 11:04 - Owner Salaries 13:20 - Value of Working Less 16:13 - Payroll Taxes / Income Taxes 17:53 - Trademarks, Copyrights, Patents and Other Legal Fees 19:44 - Change in Service Provider Costs 20:26 - Employee Removal Costs 22:21 - How Mike Views Add Backs 27:33 - Cash Back / Points Credit Cards 30:26 - What if you use a regular credit card? 31:51 - Masterminds & Ecommerce Courses 32:27 - Lowered COGS 37:46 - Negative Add Backs 39:51 - Price Changes 43:33 - Conclusion We hope today's episode was useful to you. If you want to get in touch with Chris you can find him at Linkedin or you can check out the company at QuietLight.com. If you want to check out Chris' previous episode, click here. If you have any questions or any topics you'd like us to discuss on the podcast, you can now email us directly at support@ecomcrew.com! Also, we would really appreciate it if you would leave us a review on iTunes. Thanks for listening!
Michael Frew worked for two decades as an engineer, developer, and software architect on hundreds of consulting engagements with corporations including Lockheed Martin's Artificial Intelligence Labs, IBM, Microsoft, Amazon, Salesforce, and FireEye/Mandiant. He received his B.S. and MBA in Business and Economics while studying in China, Hong Kong, and The Netherlands, as well as several post-graduate information security certifications. Following his corporate career, Michael pivoted to Acquisition Entrepreneurship, acquiring software/SaaS companies, and using his boot-strapped funds to purchase multiple 6 and 7-figure businesses from brokers such as Empire Flippers, FE International, and Quiet Light Brokerage. Currently, Michael manages a growing 8-figure portfolio of cloud-based software companies, collectively generating a 7-figure pre-tax income annually. Michael's insights on digital business acquisitions and operations have been featured in dozens of media outlets like FE International, Indie Hackers, and Empire Flippers. https://www.michaelfrew.com/weinvested/
Richart Ruddie, the founder of The Reputation Management Company, talks about how he sold his business and the journey leading up to it. He discusses the importance of due diligence on potential buyers and shares an interesting story about a competitor who quit the industry to become a pastor. Richart also explains how he accidentally got into the online reputation management space and how his business grew over time. He mentions that he brought in a professional management team to make the business less reliant on him before eventually selling it in 2023. Throughout the conversation, Richart highlights the challenges and successes he experienced while building his agency.Richart initially spoke to another reputation agency owner but they were not interested in acquiring the business. He then connected with a consultant and used a site called Biz Buy Sell to find potential buyers and investors, including a private equity company. Richart also sought advice from friends who had sold similar companies and worked with Quiet Light Brokerage based in Charlotte, North Carolina. Ultimately, Richart chose to pursue the private equity route for a partial sale of the business. Biz Buy Sell was effective in reaching potential buyers and even attracted some clients. The broker at Quiet Light helped organize financials and facilitate buyer-seller calls. Having good organization and video demonstrations made buyers comfortable during meetings with the team in Utah. Richart had multiple offers but waited for the right one because they didn't have to sell urgently due to strong cash flow. Reputation played an important role in choosing the buyer since bad reputations can negatively impact deals. Meeting potential buyers through video calls was common, but there were also some in-person meetings, including one with a successful internet marketer based out of DC Virginia area who ultimately lost out on their offer due to financing issues.Richart discusses the challenges and complexities of selling a business, particularly an agency. He emphasizes the importance of preparing for the sale process by diversifying revenue streams and building a strong team. The value of an agency lies in its talent, making it a risky acquisition if key staff members leave. Richart also reflects on their own experience, highlighting the need to avoid certain mistakes and regrets in hindsight. After selling his agency, he remains actively involved as a consultant while pursuing other ventures.
In this episode of Acquisitions Anonymous, Bill and Heather analyze a nine-year-old Amazon FBA brand listed by Quiet Light Brokerage, emphasizing the challenges of securing SBA financing for businesses in the $2-3 million EBITDA range. They highlight the complexities of working capital management, especially for seasonal businesses with perishable inventory, and raise concerns about the misleading nature of pricing deals with including inventory. The episode offers valuable insights into the nuances of e-commerce business valuation and financing.Thanks to our sponsors!Rejigg - Get connected to owners looking for exits.Rejigg is a platform built for searchers who want to meet directly with small business owners. They have an in-house team doing outreach, finding owners who are excited to meet with people ready to buy their companies. Searchers who join their platform often have 5-10 meetings scheduled directly with owners for the very next week. Their sweet spot is $500k-$10m in revenue, but they have other opportunities as well.Get started on their platform to fill your calendar with owner meetings. Rejigg does the calling - you do the closing.-------------Double Jump Media is your one-stop shop for creating engaging, high-quality videos.Double Jump is a boutique video production company with over a decade of experience creating professional, memorable videos for clients from around the globe and in various industries. All while helping those clients generate millions in sales through video content.So, whether you're rebranding a business you recently purchased, launching a new product or service, or want to look awesome, Double Jump is down to clown.Visit www.doublejump.media to check out their portfolio and schedule your free consultation today. Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.
In this episode of Acquisitions Anonymous, Bill and Heather analyze a nine-year-old Amazon FBA brand listed by Quiet Light Brokerage, emphasizing the challenges of securing SBA financing for businesses in the $2-3 million EBITDA range. They highlight the complexities of working capital management, especially for seasonal businesses with perishable inventory, and raise concerns about the misleading nature of pricing deals with including inventory. The episode offers valuable insights into the nuances of e-commerce business valuation and financing.Thanks to our sponsors!Rejigg - Get connected to owners looking for exits.Rejigg is a platform built for searchers who want to meet directly with small business owners. They have an in-house team doing outreach, finding owners who are excited to meet with people ready to buy their companies. Searchers who join their platform often have 5-10 meetings scheduled directly with owners for the very next week. Their sweet spot is $500k-$10m in revenue, but they have other opportunities as well.Get started on their platform to fill your calendar with owner meetings. Rejigg does the calling - you do the closing.-------------Double Jump Media is your one-stop shop for creating engaging, high-quality videos.Double Jump is a boutique video production company with over a decade of experience creating professional, memorable videos for clients from around the globe and in various industries. All while helping those clients generate millions in sales through video content.So, whether you're rebranding a business you recently purchased, launching a new product or service, or want to look awesome, Double Jump is down to clown.Visit www.doublejump.media to check out their portfolio and schedule your free consultation today. Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.
Account transfers are relatively painless with 1 exception. Inventory.You can't transfer FBA inventory.You must ship it out of FBA on the old account to the warehouse and then back into FBA on a new account. ORSell it down on the old account while restocking the new one.You can change the name, email, and banking info on an account. Just be careful to change the bank deposit AFTER a scheduled deposit. And not say 3 days before a deposit. It will cause a security check and you can lose access temporarily.I do not know what's better on asset/equity sale. This is a great question for Quiet Light Brokerage. Deanna Berardi - Deanna@quietlight.com
Mike Jackness talks to Chris Duty of Quiet Light Brokerage to dive into the challenges that they faced when trying to sell one of Mike's most recent business acquisitions, and the string of bad luck that Mike faced along the way. After 3 years, I'm glad to announce that I've sold one of my businesses. Joining me today is the broker that helped me with the transition, Chris Duty from Quiet Light Brokerage. Chris and I explore the process of selling a business that I, alongside investors from ECF Capital, acquired in late 2020, and what transpired along the way (which includes some unfortunate events). One of the key takeaways from this episode is that the process isn't over until it's over. Some roadblocks might pop up along the way, but it's always important to move onto the next step until the whole process is complete. If you're considering on selling your business, or if you want to hear the fun (or unlucky) details of my journey in trying to sell this business, today's episode is definitely one to save. Here's today's main points 00:00 - Introduction 01:50 - Ground rules of today's discussion 03:04 - The backstory of our sale 08:39 - Today's main takeaway: It's not done until it's done. 14:41 - How Chris approaches a business sale 16:28 - Building trust and credibility with buyers 24:18 - Tax returns and SBA pre-qualification 31:05 -The impact of having your priorities in order 33:43 - Finding the right buyer who recognizes the long-term value of the business 42:38 - The importance of early preparation for selling your business We hope today's episode was useful to you. If you want to get in touch with Chris you can find him at Linkedin or you can check out the company at QuietLight.com. If you want to check out how Mike planned to grow this ecommerce business back in 2021, you can check it out here. If you have any questions or anything you'd like us to discuss on the podcast, you can now email us directly at support@ecomcrew.com! Also, we would really appreciate it if you would leave us a review on iTunes. Thanks for listening!
Joe Valley is a serial entrepreneur and partner at Quiet Light Brokerage. He's also an expert at building sellable companies. He's also learned the secret to winning more deals: Don't be an a–hole. The people who win more deals do their research, carry intelligent conversations, and are polite, professional, and likable. Why are these qualities so important? Joe Valley covers the topic in detail in this throwback episode of the Negotiations Ninja podcast!
Mark Daoust is the latest guest on the Niche Pursuit podcast. Mark is the founder of Quiet Light Brokerage. He talks about developing websites correctly and offers some excellent advice for those looking to sell their business in the future. We're talking expert tips and advice from a guy who has been on both sides of the fence.
Are we in for a correction? Recession? Depression? Is now a good time to buy a business? Today we talk with Ryan Condie - M&A Advisor at Quiet Light Brokerage. He gives us a deep dive on the analytics for whether or not now is a good time to be apart of Acquisitions. A great listen - tons of value this week. Follow Ryan Condie here: https://www.linkedin.com/in/ryancondie/ https://twitter.com/RyanPaulCondie/with_replies His Podcast: https://letsbuyabusiness.com/ Follow Raleigh: https://twitter.com/Raleigh_will https://www.linkedin.com/in/raleigh-williams-32477042/ https://www.instagram.com/raleighw/ https://www.tiktok.com/@raleighwilliams1?lang=en Join the Newsletter: https://dodealsgetrich.com/
Learn the Four Pillars of ValueWhich deal types are available (its more than just cash)As interest rates rise, why you want to be SBA qualifiedWhy you want to use accrual accounting to clean up your booksElaine is an advisor at Quiet Light where she helps online-based businesses exit. She has a background in e-commerce and a track record of success in online business. She started her first profitable eCommerce business on Etsy in 2009 and has built 3 more businesses since, including a content site, an online subscription service, and a multi-million dollar fitness eCommerce brand that she exited through Quiet Light before joining their team as an advisor.Show LinksQuietlight - They offer free business valuations and help with exit planning for online business owners. Anyone interested can contact Elaine at elaine@quietlight.com.SponsorsFree 30-day trial of Zipify OCU - To get an unadvertised gift, email help@zipify.com and ask for the "Tech Nasty Bonus".Back up your store with RewindTry Bold Product Upsell, free trialPrivy: The Fastest Way To Grow Sales With Email & SMSNever miss an episodeSubscribe wherever you get your podcastsJoin Kurt's newsletterHelp the showAsk a question in The Unofficial Shopify Podcast Facebook GroupLeave a reviewSubscribe wherever you get your podcastsWhat's Kurt up to?See our recent work at EthercycleSubscribe to our YouTube ChannelApply to work with Kurt to grow your store.
Did you know considering the selling factor for your business is something you should always keep in mind? On today's episode, host Roland Frasier speaks with guest Mark Daoust who shares the secrets you need to ensure your business thrives to its potential. As a business broker and founder of Quiet Light, Mark has had personal experience of brokering billions of dollars of acquisitions and mentions the importance of honesty when doing deals. Mark talks about how businesses today can improve their valuation and a big mistake that business owners make by viewing their business simply in terms of cash flow. His philosophy is that your business is an asset, and growth and profitability can improve your businesses' valuation. He also shares some things that can be done to enrich your business to its best state before considering selling it. Listen in to discover how you can avoid underestimating your business asset with or without a business broker, and why the guidance may be worth it. IN THIS EPISODE YOU'LL LEARN: Why you need to start viewing your business as an asset for future revenue instead of focusing on cash-based accounting. How a broker can help you calculate working capital. At what point do you absolutely need a business broker? The difference between an M&A attorney and an investment bank advisor - does it matter in the face of brokerage companies like Quiet Light? How to assess and add value to your company before contacting a broker What quality of earnings is and why it matters LINKS AND RESOURCES MENTIONED IN THIS EPISODE: https://quietlight.com/ (Quiet Light Brokerage) https://quietlight.com/learn/podcast/ (The Quiet Light Podcast) https://www.amazon.com/Buy-Then-Build-Acquisition-Entrepreneurs/dp/1544501137/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr= (Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game) https://www.amazon.com/EXITPreneurs-Playbook-Business-Reverse-Engineering/dp/1544522223 (The EXITPreneur's Playbook: How to Sell Your Online Business for Top Dollar by Reverse Engineering Your Pathway to Success.) OUR PARTNERS: https://scalable.co/7-levels-assessment/?utm_source=business-lunch&utm_medium=podcast&utm_campaign=lead-gen (7 Steps to Scalable workbook) Get a free proposal from https://conversionfanatics.com/ (Conversion Fanatics) Get 3% cash back on your ad spend with https://www.funneldash.com/adcard (AdCard) https://yourzerodownbook.com (Get my book, Zero Down, FREE) Thanks so much for joining us this week. Want to subscribe to Business Lunch? Have some feedback you'd like to share? Connect with us on https://itunes.apple.com/us/podcast/perpetual-traffic-by-digital/id1022441491?mt=2 (iTunes) and leave us a review! Mentioned in this episode: Get 3% Cash Back on Your Digital Advertising! The Highest Cash Back Card For Your Digital Ad Spend. Made By Advertisers. https://business-lunch.captivate.fm/adcard (Ad Card) Optimize Your Website with Conversion Fanatics Put A Creative Team Of Fanatical Split-Testers To Work On Your Site! https://business-lunch.captivate.fm/conversion-fanatics (Conversion Fanatics) Get Roland's Training on Acquiring Businesses! Discover The EXACT Strategy Roland Has Used To Found, Acquire, Scale And Sell Over Two Dozen Businesses With Sales Ranging From $3 Million To Just Under $4 Billion! https://business-lunch.captivate.fm/epic (EPIC Training)
Joe shares insights from decades of selling companies that will help you get the most money for your company when you sell it. About Joe ValleyJoe Valley is a serial entrepreneur, EXITpreneur, M&A Advisor, Podcaster and Partner at Quiet Light Brokerage, one of the top online business brokerage-advisory firms in the world. Joe has also built, bought, or sold over half a dozen of his own companies. And over the last nine years, he has mentored thousands of entrepreneurs whose goal is to achieve their own eventual exit. He is a Certified Mergers & Acquisitions Professional, and a frequent guest expert in mastermind groups, AMAs, on podcasts, and at speaker events for entrepreneurs worldwide. EDGE's Weekly NewsletterJoin over 17,000 others and sign up to receive bonus content. It's free sign up here >>> EPISODE LINKS: EXITPreneur Quiet Light Brokerage PODCAST INFO: Apple Podcasts: EDGE on Apple Podcasts Spotify: EDGE on Spotify RSS Feed: EDGE's RSS Feed Website: EDGE Podcast SUPPORT & CONNECT EDGE's Weekly NewsletterJoin over 17,000 others and sign up to receive bonus content. It's free sign up here >>> Please Support this Podcast by checking out our Sponsors: Mad River Botanicals 100% certified organic CBD products. The product is controlled from seed to end product by it's owners. Use code: EDGE22 to get 10% off all your orders. Shop here>>> *We respect your privacy and hate spam. We will not sell your information to others.
Joe Valley is a bestselling author, guest speaker, podcaster, EXITpreneur, advisor and partner at Quiet Light Brokerage, one of the world's leading online-focused M&A advisory firms. His book, The EXITpreneur's Playbook, teaches you how to reverse engineer a pathway to your own incredible exit.00:00 The Fall of the Aggregators - Blunt Q&A with Joe Valley00:45 Joe Valley's take on the aggregators02:47 Latest news on the aggregators04:40 Selling to an Amazon aggregator05:13 What do with instability payments08:02 Exitpreneur's Playbook08:22 The Amazon Aggregator website09:01 Biggest mistakes the aggregators made in 202110:44 Aggregator versus rand owner16:31 Predicting when the first aggregator goes public17:17 How to start with zero capital18:28 Is having too many LLCs bad for business credit?21:14 Inflation rate23:11 Why buying a business is a good time right now 25:23 Best practices on creating different brands/seller central accounts28:15 The e-commerce lending28:46 The D&B number29:37 The downgrading of aggregators32:47 Aggregators and US LLC34:37 Main reason to buy Joe Valley's book38:31 The Quiet Light podcast39:11 Prediction on the Amazon space in 202241:48 Books that influenced Joe Valley's lifeSupport the show
Join our next web class - https://buildassetsonline.com/playbook Enroll in the Elite Fleet NOW - https://www.buildassetsonline.com/elite-fleet-plus/ ABOUT US Joe and Mike Brusca own and operate a digital portfolio of over 10 websites including 4 high ticket dropshipping stores. The duo have created over 6 high ticket dropshipping stores, all in operation and profitable. 3 have been sold for a total of over $300,000K
Join our next web class - https://buildassetsonline.com/playbook Enroll in the Elite Fleet NOW - https://www.buildassetsonline.com/elite-fleet-plus/ ABOUT US Joe and Mike Brusca own and operate a digital portfolio of over 10 websites including 4 high ticket dropshipping stores. The duo have created over 6 high ticket dropshipping stores, all in operation and profitable. 3 have been sold for a total of over $300,000K
Like so many founders, Lauren Gaggioli had been heads down in her Higher Scores Test Prep business for so long, she didn't realize how valuable it was. She wanted to know: was this course business sellable? In this episode, you'll learn how Lauren leveraged her podcast, consistent passive income, SEO traffic, list size, and course offerings to exit for $180,000.For more stories like this one, sign up for newsletter: https://TheyGotAcquired.com/newsletterFor the transcript, go to: https://theygotacquired.com/podcast/lauren-gaggioli-higher-scores-test-prep
In this episode of Return on Podcast, Tyler and Joe Valley talk exits, avoiding business owner burnout, and why you should stop multitasking. After building, buying, or selling a 1⁄2 dozen of his own companies, Joe Valley helped build Quiet Light Brokerage, one of the leading online-focused M&A Advisory firms in the world. Now, after facilitating over 1⁄2 billion in exits, Joe has written the bestselling book The EXITpreneur's Playbook - to help online business owners get the maximum value and best deal structure when they seek their own incredible exit. Where to Find Joe: Linkedin: https://www.linkedin.com/in/thejoevalley/ Instagram: https://www.instagram.com/exitpreneursplaybook/ Facebook: https://web.facebook.com/exitpreneursplaybook Twitter: https://twitter.com/TheJoeValley Tiktok: https://www.tiktok.com/@thejoevalley Youtube: https://www.youtube.com/channel/UCMLL54nrH0u_yswj9OgVF0A Also mentioned in this episode: https://quietlight.com/ https://exitpreneur.io/ The EXITpreneur's Playbook - Joe Valley Atomic Habits - James Clear The ONE Thing - Gary W. Keller and Jay Papasan Deep Work - Cal Newport Stolen Focus - Johann Hari Welcome to Return on Podcast, the show where we help e-commerce sellers improve their ROI in business and in life. Hosted by Tyler Jefcoat and in affiliation with Seller Accountant, Return on Podcast aims to leave listeners with new insights and actionable life and business hacks at the end of each episode.
This episode of Builders Build we switch up the 3 musketeer format and bring in an amazing guest, Joe Valley. Joe is a serial entrepreneur, EXITpreneur, M&A Advisor, Podcaster and Partner at Quiet Light Brokerage, one of the top online business brokerage-advisory firms in the world. Joe has also built, bought, or sold over half a dozen of his own companies. We cover everything from setting goals for your business, tools and strategies to help document your processes and resources from the start (SOPs, metrics, accounting, etc), picking metrics for your business, valuing businesses, where to sell, and more. Want to learn more about Joe Valley, his book, or some of the links we touch on in the pod? Check the links below: Joes Book - The EXITpreneur's Playbook https://exitpreneur.io/ Places to sell online businesses Quiet Light Flippa FE International Microacquire Make sure to to check out our past episodes and get access to more tools and tips to build your business at https://builders.build
Entrepreneurial Tips you'll learn today on The Sales Podcast... He used to focus on the money Now he focuses on how many people he can help Now he makes more money Self-employed since 1997 Was a media buyer back then We present good information and let people make a decision." In 2005 he launched his first online business Came out the other end tired and woke up and just decided to sell his business His advisor told him to hold on for another six months because the market was turning around in his opinion He put together some SOPs and sold in 2010, took a year off, and joined the Quiet Light Brokerage then (a team of two) Last year they did $250 million in transactions Grown 55% a year on average the last four years They represent the sellers They don't "sell." Considers himself an educator When you're desperate you can't give it away He was a typical entrepreneur He ran his business and got sick of it and wanted to move onto the next venture, but he wasn't prepared for it Most entrepreneurs don't have accounting in place Most entrepreneurs don't have accrual accounting He didn't outsource his accounting Outsource your e-commerce accounting Set a goal to sell and reverse engineer your business You need to know your exit goal in dollars to know if it's a pipedream or a reality Buyers are looking for four things Risk Is it a single-channel vs. multi-channel? Is it a young business? Buy a bigger business with more history Growth Transferability Documentation Gets 300-400 leads a month The valuation call is free Buying with an SBA loan is fantastic But SBA loans are tough for online businesses since they might be too young or they co-mingled their finances You need to qualify as a business and a buyer for an SBA loan E-Commerce Lending in Florida is a great SBA broker/lender His median transaction size was $1.8 million and 90% were all-cash SBA deals are usually more stable and more likely to close, but they take longer It's emotional It's hard to find a buy-side broker He has to help the buyer as much as the seller He creates a detailed P&L He asks all of the tough questions upfront There are lots of reasons to sell a business Entrepreneurs get shiny-object syndrome and want to move on In the vast majority of businesses, the bulk of the money is made when the business is sold, i.e., when Elon Musk or Jeff Bezos "sold" by going public Most people don't take a lot of money out in the early years In 2021, about 30% of buyers were FBA Aggregators—Fulfilled By Amazon This is new in the last five years, Thrace.io is the biggest The other 70% are private equity firms (20%) and smaller entities buying for themselves (50%) "Acquisition Entrepreneurship" - "Buy Then Build" You should like what you're doing There will be tough periods so it helps to have a passion Training and Transition period Hold back 20% to keep the seller around 2013 he closed 23 transactions that were sold by what he'd call kids today We're in a different world now People know what an online business is today Transaction size has grown 10-fold 3.7 offers per listing But it's not as crazy as real estate Younger businesses are growing quickly This is not a passive investment You're buying a job Most transactions are done remotely, without meeting in person He does best when he focuses on one thing His one thing is M&A, so he doesn't mess with crypto See Cryptocurrency-Related Posts J. Hunter: Crypto Gaming Nik Bahtia: Layered Money author Erik Voorhees: Bitcoin Explained He has never had his entire team of 15 in one place He has never met his business partner's spouse in the decade they've been partners The book is a playbook for the seller If you're buying an online business, get his book and, "Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game" Sales Growth Tools Mentioned In The Sales Podcast Get a free download of "The EXITPreneur's Playbook" Get his book, "The EXITPreneur's Playbook: How to Sell Your Online Business for Top Dollar by Reverse Engineering Your Pathway to Success"
Most people start an online business because they want the opportunity, autonomy, and money that comes with being an entrepreneur, but they typically find that they're stuck on a hamster wheel and can't get off. It's a different kind of issue for individuals trying to exit their business, and they don't know where to begin and have no notion how much their company is genuinely worth. In this episode, we have invited Joe Valley. Joe is a serial entrepreneur, EXITpreneur, M&A Advisor, Podcaster, and Partner at Quiet Light Brokerage, one of the world's top online business brokerage-advisory firms. Joe shares his experience in all facets of exiting an online business through direct experiences and real-life. Tune in to this episode to learn more! Resource Quite Light (Site)Exitpreneur WebsiteJoe Valley LinkedIn
My guest today is Joe Valley from Quiet Light Brokerage, who has had his hand in buying and selling—get this—over a billion dollars of businesses online. He's the author of The EXITpreneur's Playbook, and he joins me on this episode to discuss his journey with building up, buying, and selling businesses and how you can best set up and maintain your business so that when you're ready to exit, it's a very streamlined process. We start the episode with some info about the tradeshow experiences and workshops we've got coming up before diving into Joe's background as an entrepreneur, from his childhood business selling nightcrawlers to selling his last e-commerce business and joining Quiet Light. Then I ask Joe to explain how to begin thinking about whether your business is sellable, and he discusses the importance of setting goals for what you want out of selling your business and reverse engineering a path to those goals. He also talks us through The Four Pillars of Value, markers that potential buyers look at to figure out the value of your business, which will dramatically influence the offers you receive. We then turn to some more technical details of selling a business, with Joe explaining how to deal with discretionary earnings, the different types of buyers (including aggregators and private equity firms), and the benefits of setting SOPs. He also goes through some of the dirty tricks aggregators can pull and advises that having a trustworthy broker in place can help you avoid these and have a smoother exit. Then we wind things up by talking about the emotion involved in selling a business and how going through an honest and understanding broker like Quiet Light can help manage those emotions and expectations. And last but definitely not least, Joe shares how you can get your hands on a FREE digital copy of The EXITpreneur's Playbook. You can chat more about how to successfully manage your FBA business with the Amazon Files and Mommy Income community by joining our Facebook group with today's codeword EXIT, where you can learn more about bundling, ask questions, and participate in the conversation with other sellers. And if you're ready to take your business to a whole new level, visit MommyIncome.com/Coach to schedule your one-on-one coaching call today. This week on the Amazon Files: There are a few spots left in the tradeshow experience we have coming up in Grand Rapids Joe's first entrepreneurial experience How Joe broke into and got out of the e-commerce world Knowing your business is sellable and setting goals for the future The Four Pillars of Value in today's FBA business world Built-in paths to growth Risks for buyers Owner-operators and discretionary earnings The difference between aggregators, private equity firms, and private individuals as buyers The benefits of setting up SOPs The dirty tricks aggregators play and using brokers to avoid them Add-backs and the mistakes people make without representation The emotion of selling a business Quiet Light and honesty about the salability of a business Joe's book The EXITpreneur's Playbook and how to get your FREE digital copy “Always have your exit in mind because you just never know what's going to happen.” - Kristin Ostrander Quotes: “I've got a question for you. Are you selling wholesale? Have you had issues with wholesale? Are you scared? Are you nervous? Do you not know what the heck you're doing wholesale? If you answered 'yes' to any of those questions, I would love to help you navigate wholesale.” “This is where you want to be able to continually set up and maintain your business so that if and when you decide to exit, it can be a slam dunk for you.” “Came out of that five-year stretch, tired and worn out, woke up one day and said, 'I wonder if I can sell this thing?' Didn't plan it, necessarily, just woke up and needed to move on as an entrepreneur as we often do.” “Now we've got a team of fifteen advisors, about ten support staff, we closed just under $250 million in total transactions in 2020, all online business transactions.” “As entrepreneurs, we seem to have short attention spans, whether that's three years, five years, ten years. We're always wanting to pivot and change.” “Every business is sellable. It's just a matter of what it's worth to the buyer and what it's worth for you to go through that sale process.” “I mentioned documentation. If you want to reverse engineer the path to your goal, you have to figure out the value of your businesses today. If you do not have profit and loss statements with a monthly view, you're not even going to get out of the gate.” “Your CPA is a tax-mitigation specialist, and they file your tax returns. Don't let them be your bookkeeper, too, because they will just screw it up.” “Growth, they love to see growth trends and built-in paths to growth.” “When it comes to pure risk, the larger, more established businesses are less risky than the younger, smaller, less-established businesses.” “Risk, growth, transferability, and documentation is what buyers look at.” “The more they trust and like you and believe in you and what you've built, the better deal structure and the higher value of the company. So that's one reason to set up SOPs. The other is if you get hit by a bus, your spouse can take over or your employee fairly quickly. Or, you know, if you just want to go on vacation and not be bothered by anybody, not check email, SOPs are great.” “The aggregators are well-educated, charming, likable, they'll heap lots of praise on the brand that you've built in your business and say that they'll buy your business for all cash and close in thirty days and then they'll slide in there, ‘Avoid the broker fee.' If it sounds too good to be true, it probably is.” “The advisor is somebody that should be in the middle, helping you first understand the value of what you have, what levers to push and pull to increase the value of that. And then eventually, when you're ready, exit it for maximum value.” “We consider ourselves an education firm, first and foremost. And then we happen to do M&A deals as well.” “You need to be able to feel really comfortable about handing your baby off to someone else who's going to be able to take care of it. Regardless of the check that they wrote you, you still want to be able to feel comfortable and confident that what you've built isn't just being, you know, tossed to the wayside.” “These are very emotional processes. You're a week, two weeks away from life-changing money for the baby that you built, and you know, you need somebody on your side that's going to support you and help you through that process.” “If it's a situation where it's not sellable in its current environment or current state, we'll tell them why. And if it's a situation where it's a great business, but it's not sellable by us, then we'll tell them why.” “Let's be real, we all don't want to work for the rest of our lives forever, all the time. Retirement, whether it's at fifty or seventy or thirty-two, you want to be able to have a plan and be prepared, and this is the best way to get that done.” Related Content: 2022 Workshops - Coupon code: workshop50 Wholesale Bundle System Email questions Learn With Us Coaching The Amazon Files Hub Quiet Light homepage The EXITpreneur's Playbook on Amazon Get your FREE digital copy of The EXITpreneur's Playbook Grow Your Amazon Business! Thanks for tuning into this week's episode of The Amazon Files, the show to help Amazon sellers along their business journey one step at a time with Amazon expert and your host, Kristin Ostrander. If you enjoyed this episode, head over to Apple Podcasts, subscribe to the show, and leave us your honest review. Don't forget to share your favorite episodes with your friends on social media! Use the codeword EXIT to join us on Facebook. Each week, Kristin hosts a live discussion on how to grow your Amazon business. Don't forget to check out our website and subscribe to our mailing list for even more resources.
How2Exit: Mergers and Acquisitions of Small to Middle Market Businesses
After building, buying, or selling a 1⁄2 dozen of his own companies, Joe Valley helped build one of the leading online-focused M&A Advisory firms in the world. Now, after facilitating nearly 1⁄2 billion in exits, Joe has written the bestselling book The EXITpreneur's Playbook - to help online business owners get the maximum value and best deal structure when they seek their own incredible exit.Over the last nine years, Joe has mentored thousands of online entrepreneurs whose goal is to achieve their own eventual exit. He is a Certified Mergers & Acquisitions Professional, and a frequent guest expert in mastermind groups, on podcasts, and at events for entrepreneurs worldwide.Joe's book, The EXITpreneur's Playbook - How to Sell Your Online Business for Top Dollar - shares real-life stories of successful and failed exits, and teaches readers how to reverse engineer a pathway to their own eventual exit.Before joining the team in 2012, Joe sold his own business through Quiet Light. Joe is a Bestselling Author, Guest Speaker, Podcaster, EXITpreneur, Advisor, and Partner at Quiet Light Brokerage.--------------------------------------------------Contact Joe onLinked: linkedin.com/in/thejoevalleyWebsite: quietlight.comGet a free copy of Joe's EXITPreneur's Playbook!: https://exitpreneur.io/how2exit/Book: https://read.amazon.com/kp/embed?asin=B094DRTJZ8&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_5CV4DQ4GWWF7KT9PGVHN&tag=how2exit-20As an Amazon Associate, I earn from qualifying purchases. Each purchase supports both the author and this podcast. If you'd like additional ways to support this podcast, you can become a patron here: https://www.patreon.com/bePatron?u=66340956----------------------------------------------------------------------------------------------------Reach me to sell me your business, be on my podcast or just share some love:Linkedin: https://www.linkedin.com/in/ronskelton/Twitter: https://twitter.com/ronaldskeltonFacebook: https://www.facebook.com/How2ExitHave suggestions, comments, or want to tell us about a business for sale call our hotline and leave a message: 918-641-4150----------------------------------------------------------------------------------------------------Listen to it on Spreaker: https://www.spreaker.com/episode/48749292Apple Podcast: https://podcasts.apple.com/us/podcast/how2exit-episode-17-joe-valley-certified-mergers-and/id1561038705?i=1000551277154Spotify: https://open.spotify.com/episode/15m9tmMXjwga6WhljVCuKx?si=DqgaDGMrTLak0-ygGWWItQ----------------------------------------------------------------------------------------------------Other interviews:Lana Coronado: https://youtu.be/6pxWPbDvMb8Ali Tarafdar and Brucker Krafft from Labruta Capital: https://youtu.be/q_XGvUujdVMRudy Upshaw: https://youtu.be/r3hey09geG8Aaron Bud: https://youtu.be/ObBZoOdrkmMJosh Ploch: https://youtu.be/a0kYduCvP_YJoel Ankney: https://youtu.be/JV9oTuehzlQDana Derricks: https://youtu.be/ETVP058IumkScotty Schindler: https://youtu.be/G9MbE_8SQ94Joshua Johnston: https://youtu.be/-pb5UatK0v0Sharon Brown: https://youtu.be/sOYT1HjXwME--------------------------------------------------
Welcome to the new episode of High Voltage Business Builders! Today's guest is my friend Joe Valley, a serial entrepreneur, EXITpreneur, M&A Advisor, Podcaster, and Partner at Quiet Light Brokerage, one of the top online business brokerage-advisory firms in the world.Joe has also built, bought, or sold over half a dozen of his own companies. And over the last nine years, he has mentored thousands of entrepreneurs whose goal is to achieve their own eventual exit. He is a Certified Mergers & Acquisitions Professional, and a frequent guest expert in mastermind groups, AMAs, on podcasts, and at speaker events for entrepreneurs worldwide.Today he's making some predictions about 2022 and sharing valuable pieces of advice for people that are running and/or selling online businesses, and everybody in between.So make sure you stick around! Additional sources:If you're a passionate business builder yourself, visit http://voltageb2b.com to get in touch now.
Joe Valley is a serial entrepreneur, EXITpreneur, M&A Advisor, Podcaster and Partner at Quiet Light Brokerage, one of the top online business brokerage-advisory firms in the world. Joe has also built, bought, or sold over half a dozen of his own companies. And over the last nine years, he has mentored thousands of entrepreneurs whose goal is to achieve their own eventual exit. He is a Certified Mergers & Acquisitions Professional, and a frequent guest expert in mastermind groups, AMAs, on podcasts, and at speaker events for entrepreneurs worldwide. Joe's book, The EXITpreneur's Playbook – How to Sell your Online Business for Top Dollar – shares real-life stories of successful and failed exits, and teaches you how to reverse engineer a pathway to your own incredible exit. On this episode you'll learn: Emotions: When Brings On A New Advisor/Broker Managing The Sellers Emotions Is Important Aggregators Guys A Cautionary Story When Handling Aggregators Guys Earnouts Aren't Called “Profit Sharing” Understanding DIY and Setting Up A Competition Working with An Advisor The Importance of Valuations Rolling Equity Explained The Trick with Aggregators
Joe Valley is a serial entrepreneur, EXITpreneur, M&A Advisor, Podcaster and Partner at Quiet Light Brokerage, one of the top online business brokerage-advisory firms in the world. Joe has also built, bought, or sold over half a dozen of his own companies. And over the last nine years, he has mentored thousands of entrepreneurs whose goal is to achieve their own eventual exit. He is a Certified Mergers & Acquisitions Professional, and a frequent guest expert in mastermind groups, AMAs, on podcasts, and at speaker events for entrepreneurs worldwide. Joe's book, The EXITpreneur's Playbook – How to Sell your Online Business for Top Dollar – shares real-life stories of successful and failed exits, and teaches you how to reverse engineer a pathway to your own incredible exit. On this episode you'll learn: How to Sell your Online Business for Top Dollar Joey Valley's Background Setting Goals Aiming for freedom and flexibility How do you set goals 4 Pillars of Value How to package the business Venturing Listing business - creating competition for buying Understanding Deal structure How do seller notes work? Why use a Broker? Why not go direct to Aggregators?
The buying and selling of online businesses has been going on long before the explosion of aggregators. (no really!) On today's episode of Link Up Leaders, Francois and Lisa are chatting with Joe Valley, Author of The EXITpreneur's Playbook and serial entrepreneur who will discuss with us how to get the greatest value out of your business. --
Today's guest is a serial entrepreneur, EXITpreneur, M&A Advisor, Podcaster, and Partner at Quiet Light Brokerage—one of the top online business brokerage-advisory firms in the world, and he shares with us how he has built, bought, or sold over half a dozen of his own companies. So listen in and learn more about his journey from being a young worm-preneur to becoming the successful exitpreneur he is today.Over the last nine years, Joe has mentored thousands of online entrepreneurs whose goal is to achieve their own eventual exit. He is a Certified Mergers & Acquisitions Professional, and a frequent guest expert in mastermind groups, on podcasts, and at events for entrepreneursworldwide.Joe's book, The EXITpreneur's Playbook - How to Sell Your Online Business for Top Dollar -shares real-life stories of successful and failed exits, and teaches readers how to reverseengineer a pathway to their own eventual exit.Before joining the team in 2012, Joe sold his own business through Quiet Light. Joe is aBestselling Author, Guest Speaker, Podcaster, EXITpreneur, Advisor, and Partner at Quiet Light Brokerage.Reach out to Joe at:Website: https://quietlight.com/LinkedIn: https://www.linkedin.com/in/joe-valley-833ba48/Email: joe@quietlight.comTwitter: https://twitter.com/TheJoeValleyGrab a copy of Joe's book at: https://www.amazon.com/EXITPreneurs-Playbook-Business-Reverse-Engineering/dp/1544522223Show notes:[3:28] How'd it happen for Joe Valley?[10:17] Communicate with the people in your company[13:59] Set your goals—the smart way[17:35] Share goals with people who can help you achieve them[20:59] Understand how to reverse engineer your path to your goals[27:44] The mindset shift[29:15] Personality profiles[32:11] Joe's worm-preneur days[37:21] Did he have an idea what he wanted to do after high school?[39:34] On doing what you're passionate about for money vs. offering help[45:58] More on his business: QuietLight[51:16] The EXITpreneur's Playbook[1:01:36] Where to find more of Joe[1:02:35] Today's takeaway[1:03:42] OutroCheck the accompanying blog post of this episode at: https://mikemalatesta.com/podcast/joe-valley-how-to-become-a-successful-exitpreneur-236/If you like this episode and want to be the first to know when new ones are released? Make sure you subscribe! Also, a review will be much appreciated, so make sure you give us a 5-star (or whatever one makes the most sense to you).Connect with Mike:Website: https://mikemalatesta.com/LinkedIn: https://www.linkedin.com/in/mikemalatesta/
Starting and running a successful business is only half the battle. Do you have an equally successful exit strategy?After building, buying, and selling 6+ of his own companies, Joe Valley helped build Quiet Light Brokerage, one of the leading online-focused M&A Advisory firms in the world. Now, after facilitating nearly half a billion dollars in exits, Joe has written the bestselling book The EXITpreneur's Playbook - to help online business owners get the maximum value and best deal structure when they seek their own incredible exit.If you want to learn how to become an ‘EXITpreneur' then dive into this very tactical episode to learn from the master of exiting himself.Things you will learn in this episode:[00:01 - 05:53] Opening Segment I introduce today's guest, Joe ValleyJoe gives us a bit of his backgroundAlways entrepreneurial at heart Parents and upbringing Joe's thoughts on the internal desire to work for himselfCollege experience and education Learning what you DON'T want to do for a living Taking the leap into entrepreneurship [05:54 - 18:10] How to Become an 'EXITpreneur'Joe talks about his first venture into ownershipStarting a company called “Wrong Number” in college Making half a million dollars in his first year “I'm can not be my business” Joe's lessons from his early mistakes selling his businessWaiting too long to sellYou need to make goalsKnow your when, what, and whereYou don't want to ‘decide' to sell, but ‘plan' to sellHow to detach your name from the business Examples of how to make the transition Seek the buyers who are looking to add value How to choose your buyer instead of courting them Joe shares how he's utilized networking to make a good exit Making connections with like-minded peopleCreating mutual benefitsA quick word from our sponsors[18:11 - 31:39] Creating a Sellable BusinessJoe talks about the reason behind his book Making people comfortable with planning to exit The value of helping and connecting people Why the goal should be to help people 50% of the money you make on your business comes from selling What makes a good, sellable business: an in-depth approachWhat buyers are looking for:Risk, growth, transferability, and documentationSmall businesses carry a bigger risk If your business is growing, buyers can make predictionsUntransferable assets is an unsellable business The importance of good documentation and bookkeepingHow to calculate Seller Discretionary Earnings (SDE)Joe's advice around Acquisition Entrepreneurship[31:40 - 35:28] Closing Segment The example of Amazon sellersHow to connect with Joe and his work - links belowFinal words Tweetable Quotes: “I am the mistake that I try to help everybody not make.” - Joe Valley“That's the thing I want people to avoid, is waiting till the point where they wake up and say, ‘I gotta sell this.' What they really should do is set some goals.” - Joe Valley“I make more money by helping people than when I was focused on making money.” - Joe ValleyResources Mentioned:The EXITPreneur's Playbookexitpreneur.io You can connect with Joe on Twitter and LinkedIn. Be sure to check out https://quietlight.com/ if you want to exit with more money and better terms!This podcast is sponsored by BetterHelp and Build Your Network listeners get 10% off their first month at https://betterhelp.com/buildyournetworkDid you love the value that we are putting out in the show? LEAVE A REVIEW and tell us what you think about the episode so we can continue putting out great content just for you! Share this episode and help someone who wants to connect with world-class people. Jump on over to travischappell.com/makemypodcast and let my team make you your very own show!If you want to learn how to build YOUR network, check out my website travischappell.com. You can connect with me on Facebook, Instagram, and Twitter. Be sure to join The Lounge to become part of the community that's setting up REAL relationships that add value and create investments.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Today's guest is Joe Valley, who after building, buying, or selling half a dozen of his own companies, helped build one of the leading online-focused M&A Advisory firms in the world. Now, after facilitating nearly 1/2 billion in exits, he has written the bestselling book The EXITpreneur's Playbook - which shares real-life stories of successful and failed exits, and teaches readers how to reverse engineer a pathway to their own eventual exit. Over the last nine years, he has mentored thousands of entrepreneurs whose goal is to achieve their own eventual exit. Joe is also a Certified Mergers & Acquisitions Professional, Bestselling Author, Guest Speaker, Podcaster, EXITpreneur, Advisor, and Partner at Quiet Light Brokerage. Watch now and learn how Joe was able navigate through the pitfalls of an entrepreneur while also perfecting the art of being an EXITpreneur. Love the show? Subscribe, rate, review & share! https://therealjasonduncan.com/podcast/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Walker Deibel is a best-selling author, advisor, and Founder of Buy Then Build. He is a serial acquisition entrepreneur with over 10 years of experience whose company launched the Acquisition Lab that helps first-time buyers navigate through the process. Walker has acquired over seven companies, co-founded several companies, and is an M&A advisor at Quiet Light Brokerage. Walker earned his MBA from Olin Business School at Washington University in St. Louis. He is a Certified M&A Advisor, Certified M&A Professional, and Certified Exit Planning Advisor. In this episode… As an entrepreneur, how can you acquire and sustain a profitable company? How do you extract the highest value from your brand? Walker Deibel knows the difficulties of exiting a business. In his book, Buy Then Build, Walker skips the messy startup phase and details how to generate profits, maintain, and scale for a maximum exit. He has successfully helped businesses negotiate and reach their financial exit goal. In this episode of Amazing Exits, Paul Miller is joined by Walker Deibel, best-selling author, advisor, and Founder of Buy Then Build, to discuss how to efficiently become an entrepreneur. Together, they talk about the importance of an acquisition aggregator, accelerating your exit, and what you should be thinking about when selling your business.
Joe Valley is the Co-owner of Quiet Light Brokerage, one of the world's leading online-focused M&A Advisory firms. He helps business owners and entrepreneurs sell and buy profitable businesses. As an EXITpreneur, Joe has mentored thousands of entrepreneurs over the past nine years at Quiet Light. He has a long career of founding companies, including Bedtime Solutions, Inc., JVI Media, Inc., and Abbott Industries. Joe is the author of the best-selling book The EXITpreneur's Playbook - How to Sell your Online Business for Top Dollar and is the host of The Quiet Light Podcast. Joe Valley has personally closed nearly 100 million in transactions and touched almost a half-billion in online exits through the entrepreneur-led team of Quiet Light Advisors. In this episode… Are you an entrepreneur ready to make the leap and exit your business? Do you worry about all the moving pieces in the exit process? How can you be sure you choose the right advisor for your company? Joe Valley is here to help. Joe Valley has been helping entrepreneurs and business owners exit and sell their businesses for most of his career as a self-proclaimed EXITpreneur. As the Co-owner of Quiet Light Brokerage, he knows the ins and outs of how to get the most money out of your exit. He's here to tell you all his tips and tricks and give you advice for your next exit along the way. On this episode of the eCommerce Profits Podcast, Joshua Chin talks with the Co-owner of Quiet Light Brokerage, Joe Valley, all about successfully exiting a business. They discuss how to train for an exit, choosing the right advisor, the mindset of entrepreneurs, and much more. You won't want to miss this jam-packed episode!
Let's talk to Joe Valley of Quiet Light Brokerage on how to get top dollar selling your business! In this episode, we cover: How to sell your online business for top dollar by reverse engineering. The definition of an aggregator and what it means for you. Why a million-dollar business is less risky than buying a $100,000 business. How to increase the value of an online, service-based business. Why the business owner's reputation matters. How some business expenses can DECREASE the value of your business. 5 Risks you MUST be aware of and what you can do to reduce the risk. How to create a plan to exit your business. Joe is a serial entrepreneur, EXITpreneur, author, advisor, and partner at Quiet Light Brokerage, one of the leading online-focused M&A firms in the world. He has built, bought, and sold over a half dozen companies of his own, and has helped thousands of online entrepreneurs achieve their goals. In his recently published book, The EXITpreneur's Playbook – How to Sell your Online Business for Top Dollar, he shares real-life stories of successful and failed exits, and teaches you how to reverse engineer a pathway to your own incredible exit. For show notes and past guests, please visit http://focus.ceo/podcast Download the free 6 min video "How to Double Your Revenue by Focusing on Less" at http://focus.ceo/focusvideo Take the free 60 min Double Your Revenue training at http://focus.ceo/training Follow David: Twitter: http://twitter.com/_focusceo Instagram: http://instagram.com/_focusceo Facebook: http://facebook.com/extraordinaryfocus YouTube: http://youtube.com/c/ExtraordinaryFocuswithDavidWood LinkedIn: https://www.linkedin.com/in/focus-ceo/
Joe Valley is a best-selling author, EXITpreneur, podcaster, advisor, and Partner at Quiet Light Brokerage. He is a Certified Mergers & Acquisitions professional and has personally closed over 100 million in transactions and nearly a half-billion in online exits through Quiet Light Advisors. Over the last nine years, Joe has mentored thousands of entrepreneurs whose goal is to achieve their own eventual exit. His best-selling book, The EXITpreneur's Playbook, focuses on the online world of exiting a business. In this episode… Do you understand what your business is worth? How can you ensure a smooth transition and a stronger bank account when selling your business? Joe Valley takes the difficulty and frustration out of selling a business. In his best-selling book, The EXITpreneur's Playbook, he takes you through key steps to understanding how to sell your business. Joe has mentored thousands of entrepreneurs over the last nine years, and through his team at Quiet Light Brokerage, they have successfully closed nearly 100 million in transactions. In this episode of Amazing Exits, Joe Valley, best-selling author and Partner of Quiet Light Brokerage talks to Paul Miller about how to avoid underselling your business. They discuss how to take the mystery out of selling a business, the importance of training for a business exit, and what you should be thinking about when structuring a deal. Become a part of the EXITpreneur experience and learn how to reach your full selling potential.
In this episode, our guest is Joe Valley, Co-Owner of Quiet Light Brokerage - a leading authority in the emerging niche of selling and buying profitable online businesses. Topics covered: Deciding and planning to sell/exit Real-life stories of business exits Things to watch out for scaling Fortifying your business Building a great business to sell Finding out the true value of your business LET'S CONNECT: LinkedIn Instagram MultiplyMii Escala Successful Scales This podcast is also available on the Successful Scales YouTube channel.
Brad Wayland is an entrepreneur with almost 20 years of experience in marketing and operating online businesses. Starting in 2003, Brad helped create an online custom t-shirt company that later developed into a multi-million dollar enterprise. In the last 10 years, Brad has constructed, purchased, or sold more than 30 web properties. In 2017, Brad became an advisor at Quiet Light Brokerage, a company that helps entrepreneurs effectively and profitably sell their online businesses. In this episode… Do you lose sleep over planning an exit strategy for your business? Well, you're not alone! Exit planning can be stressful, confusing, and overwhelming, but it doesn't have to be that way. With almost 20 years of experience in the ecommerce industry, Brad Wayland of Quiet Light Brokerage has faced all of the ups and downs involved in exit planning. Unsure how to start your exit planning, when to sell your business, or the knowledge about your company you should prioritize at every point of the planning process? Brad's here to help. Figuring out the timing of your exit strategy can be one of the most frustrating aspects of exit planning. In this episode of the Amazing Exits Podcast, Brad talks to co-hosts Kellianne Fedio and Paul Miller about practical tips and tricks for successfully planning your own amazing exit. Stay tuned.
Selling an online business can be an overwhelming process that carries with it a lot of uncertainty and requires tremendous patience and trust in the system. Brad Wayland, of Quiet Light Brokerage, represents sellers and helps them prepare for selling so they can get the maximum return on their sale. In this episode Brad dives deep into what it takes to sell a business, exit planning and how to use acquisitions as a strategy to grow an eCommerce business. Brad is an entrepreneur who began working in the online space in 2003. He has a wide range of experience operating and marketing online businesses. Brad became friends with Mark, the founder of Quiet Light Brokerage in 2015 and it led to him becoming an advisor. Takeaway #1 Always be in a position to very quickly lay out all the financials for an interested buyer. Takeaway #2 A business will generally sell for what it's worth. Don't over price it. Takeaway #3 If capital is not your biggest issue then the easiest way to grow is to acquire. You can literally buy the success that you want. Connect with Brad Email Twitter LinkedIn Quiet Light Website Sponsors Kurious Digital The eCommerce platform we use to run all our eCommerce businesses. If you are in the market for a new eCommerce platform, check it out. Their new monthly subscription service has made this even more accessible. Have a look around the site and book a demo. Lightbulb Agency Light bulb agency is an end to end eCommerce business that does anything that you don't really want to do or have the expertise to do with eCommerce. It offers a range of services such as product research, website creation, traffic generation, customer service, picking and fulfilment. Lightbulb ship from the UK all over the world for a number of customers. If you're in the market for eCommerce services, look up Lightbulb Agency. Links to other platforms where this podcast is available: Apple Podcasts Stitcher Spotify
Joe Valley is the Co-Owner of Quiet Light Brokerage, a business brokerage firm that helps entrepreneurs sell their online businesses. Joe is also the Founder and Co-Host of the Quiet Light Podcast with his partner, Mark Daoust. As an expert in advising and brokering for web-based niches, Joe is a successful speaker, frequent podcast guest, and soon-to-be-published author. In this episode… How can you effectively prepare for a successful exit? This is a question that plagues entrepreneurs across the globe. If you want to achieve a profitable and clean exit but don't know where to start in the preparation process, you are not alone! Today on the Amazing Exits podcast, Kellianne Fedio and Paul Miller sit down with Joe Valley, the Co-Owner of Quiet Light Brokerage, to discuss how to prepare for a successful exit. As an advertising and brokering expert, and the Co-Owner of Quiet Light Brokerage, Joe Valley understands the stress and frustration involved in exit planning. Thankfully, Joe is on the Amazing Exits podcast to offer practical tips and tricks for Amazon entrepreneurs who are in all stages of the exit planning process. Tune in to hear Joe, Kellianne, and Paul discuss how to make your Amazon brand sellable, knowing the value of your business, and how to optimize your exit options.
My guests today are Chris Shipferling and Jason Somerville both of Global Wired Advisors. Chris and Jason have a combined background in merger and acquisitions and digital marketing. Global Wired Advisors specializes in e-commerce businesses looking to diversify into traditional marketplaces. Chris and Jason tell me how they take their experience, that usually is used for huge, monstrous companies and make it accessible to the lower end of the multi-million level companies. They share some examples they have seen within their business and the opportunities that many businesses seem to be overlooking. Including traditional brick and mortar businesses making their brand available to the online market path. What you will learn: Chris and Jason’s backgrounds and meeting a need for their clients. The more choices you offer, the more value you can provide a buyer. How Global Wired Advisors is different from traditional M&A. The hit and miss nature of the e-commerce space. The change in thinking within the market regarding risk-pricing. How the market, in general, is evolving. The various strategies to diversify your business. The 3 keys buyers look at when considering purchasing your business. The importance of educating yourself before selling. Jason and Chris’s process when they start with a new client. Things you can do to prepare your business for diversification. Takeaways: If you are a brick and mortar business call someone like Quiet Light Brokerage, or Global Wired Advisors and discuss your options. The online space is a cheaper option that won't last for long. If you are on the flip side on the online e-commerce side then start taking your business in a more traditional direction. There is a lot of opportunity for diversification. Links and Resources: GEXP Collaborative GEXP Accelerator Program Global Wired Advisors Life After Business Podcast About Chris: Chris Shipferling is a Founder, Managing Partner and Head of Business Development for Global Wired Advisors. Chris began his career 15 years ago in consumer product sales and has held various Sales and Digital Marketing Executive roles at companies ranging in size from $20 to $300 million. Since 2013 Chris has focused on high level consulting for multi-million dollar omnichannel, digitally native, and Amazon-based private label and re-seller brands. Chris is adept at both Vendor Central and Seller Central Amazon businesses and that experience is why Chris has come on board with Global Wired Advisors. Chris brings rich multi-channel digital expertise, helping both sellers and buyers reach their full potential by maximizing sales on their native platform before and after the sale. Whether entering or exiting the internet space, we seek to make that transition as profitable as possible for both sides. About Jason: Jason is one of the Founders and Managing Partners of Global Wired Advisors. Jason began his career in investment banking almost 20 years ago and spent the first ten years of his professional life executing capital markets transactions for Fortune 500 and Fortune 1000 companies. After completing hundreds of transactions with a total value of over $150 Billion, he became a serial entrepreneur. For the next seven years, he bought, built and sold small and medium-sized online and traditional businesses. In 2016, he started Global Wired Advisors with Joe Hogg, Chris Bodnar, and Chris Shipferling so that, together, they could use their depth of capital markets, mergers
Welcome to episode 2 of this 4-part series where I talk about the sale of one of our most profitable brands - ColorIt.com. In episode 246, I discussed the motivation behind this particular move - from the reason behind the sale down to the brand's new owners. A major cog in the wheel with this sale is a man called Joe Valley of Quiet Light Brokerage. Joe has been instrumental in making sure that I was able to pick the right brand to put up for sale (at one point, I wanted to do away with all of them). His insights and advice helped us boost ColorIt's saleability even before we put it up on the market. All the specifics of that are discussed in this episode. If you're planning to sell one of your businesses at some point in the future, give this one a listen. And tune in to the next episode as Joe and I go into more detail about the preparations involved in the sale. If you're interested in getting onsite advice from Mike and have your business featured on a podcast, sign up for the EcomCrew Roadshow today! Catch the latest episodes of the 5 Minute Pitch on YouTube. Join season two by filling out and submitting the application form. Finally, if you enjoyed listening and think this episode has been useful to you, please take a moment to leave us a review on iTunes. If you have any questions or comments, feel free to leave them below. Happy selling!
It's the end of February and I'm behind on sharing my goals for the year. But here they are. My 19 goals for 2019. I made it a little bit different this year by coming up with three themes - less is more, doubling down on ecomCrew, and focusing more on “me”. As you read through my list, you'll find that each goal fits a theme or two. 1. Sell a brand. I feel that it's time to de-risk and take some money off the table so this year we will be actively working towards selling one of our brands. I will also be creating a series on this with Joe valley from Quiet Light Brokerage. 2. Position another brand for sale in late 2020. We'll start thinking about this now in anticipation that we will be in a better spot with whatever brand we'll be letting go of next year. 3. Getting back to location independence. We were digital nomads before that was even a thing but we've been grounded in San Diego for 5 years but I miss being location independent so we'll be working on that this year. 4. Reducing debt to zero dollars. My aim is to have zero debt in the business and in our personal lives. 5. Hike the West Coast Trail on Vancouver Island. Supposedly one of the most beautiful trails in the world. Dave and I will be doing this 5-day hike along with some other guys 6. Take at least 10 weeks of personal travel. There will be a significant amount of personal travel. I'll be incorporating it the trips that we'll be doing for the EcomCrew Roadshow. I'd like to visit Iowa and North Dakota - the last two out of the 50 states that I haven't been to. I'd also like to visit some new countries this year get past the number 50 mark of countries visited. 7. Record 6 or more episodes of the EcomCrew Roadshow. 8. Invest in at least 1 ecommerce business. Leveraging our resources to be able to help other people and businesses grow. 9. Lose 10 more pounds. The plan is to lose about a pound a month. 10. Visit the Philippines office in 2019. 11. Start selling our services for EcomCrew. We'll start small, offering services to Premium members initially. 12. Significantly improve the quality of the podcast. We want the podcast to be really noticeable so we'll be hiring a professional audio and video editor and refining our process of getting people to be interviewed on the podcast. 13. Film season 2 of 5 Minute Pitch. 14. Break each of our brands out into different companies. 15. Start hosting personal events for EcomCrew. Not full-fledged conferences but small gatherings of ecommerce entrepreneurs with a mastermind-like setup. 16. Speak at 6 industry events. 17. Shift to doing things that only bring me immense personal fulfillment. 18. Do intermittent fasting for all of 2019. 19. Not to drink the rest of 2019. Tune in to the 5 Minute Pitch. New episodes published weekly until the final round in May at the Sellers Summit 2019. Join this month's giveaway and get the chance to win an annual Premium subscription for free. Need onsite and personalized advice for your struggling ecommerce business? Sign up for the EcomCrew Roadshow. Read more about it here. Finally, if you enjoyed listening and think this episode has been useful to you, please take a moment to leave us a review on iTunes. If you have any questions or comments, feel free to leave them below. Happy selling!
Today’s episode is a change of pace. I recently did an interview with the Quiet Light Podcast and I wanted to share it here. The founder of the Quiet Light Brokerage, Mark Daoust speaks to me about my experience with selling our family business and what I learned from the process. Specifically, we talk about strategic sales. I have learned a lot about building a good pitch for a buyer and I share that with Mark. If you aren’t familiar with my story and the path that led to Life After Business and GEXP Collaborative, this episode will answer a lot of your questions. What you will learn: My entrepreneur journey and joining my dad in the family business. The reasons people leave money on the table during a deal and how to avoid it. Why due diligence is so important and will kill any deal if done wrong. Strategic sales vs. marketplace sales How to think like a buyer and present your best pitch to a potential buyer. How to get your financials and value adds in perspective for the buyer. Know your market and be proactive in finding potential partners and buyers. The pros and cons of strategic sales. The circumstances when a strictly financial sale makes more sense. Good growth strategy is good exit strategy. The importance of having a great team of advisors. Takeaway: I really enjoyed my time on the Quiet Light Podcast. Mark and his team are really good at what they do. You can contact them through the Quiet Light Brokerage site which is down in the resources section. You can also reach me through LinkedIn and the resources I gave Mark during our interview. Just check out the resources section below. Links and Resources: GEXP Collaborative Life After Business Podcast Quiet Light Brokerage Quiet Light Podcast Me on LinkedIn (In case you want to feature Quiet Light Brokerage and/or GEXP Collaborative) About GEXP Collaborative: Ryan, Brandon, and Jim met at a National Exit Planning Conference. We hit it off with a shared extreme passion to change the way business owners look at the growth and exit of their company(s). We come from different backgrounds (Entrepreneur, M&A Attorney and Investment Advisor) but hold the same belief that the advice that business owners receive is fragmented and doesn’t align in a comprehensive plan. We created the GEXP Collaborative™ to bring together an ecosystem of different skills and perspectives to ensure that each business owner that we work with achieves the successful growth and exit of their businesses. From experience, we provide our business owner clients with recommendations based upon good judgment to achieve their objectives. About Quiet Light Brokerage: Late in 2006, Mark Daoust, received a call from a good friend and fellow entrepreneur who was considering selling his 8-year-old web hosting website. Just 10 months prior Mark had sold his own profitable website and was looking for a new direction. Quiet Light Brokerage was founded with this phone call. A lot changed since that first phone call in 2006. Today, entrepreneurs recognize Quiet Light Brokerage as a leading voice and authority in the emerging niche of selling and buying profitable websites. Today, over 500 websites have been sold and Quiet Light has over $100,000,000 in total transaction value. Even though they are recognized as one of the most successful website brokers in the marketplace, they still ta
Whether you're planning to sell your eCommerce business in 1 year or 3 years or never, the information in this podcast is pure eCommerce gold. Regardless of your exit plans, it's important to know how to make your business more valuable now. My guest for this episode is Joe Valley, Director of Brokerage Services at Quiet Light Brokerage. Joe is a seasoned eComm expert and a former business owner. As a broker of eCommerce businesses his perspective is unique and insightful. Here's a look at what we discuss: What is my eComm business worth? Everyone wants to know this. Joe lays out some quick guidelines to keep in mind. The 4 Pillars of a sellable company. The beauty of these pillars is that they also will help you run a better business NOW! Biggest mistakes people make when they decide to sell? Biggest success story of someone who sold? Most important financial metrics to determine value? The story of profitability and why cash flow isn't the whole story Trend analysis and how it impacts value How long does it take to sell an eCommerce business How does a company being on Amazon vs. not being on Amazon impact value? Plus more!
On today's episode, Dave and I speak with Joe Valley. Joe works for Quiet Light Brokerage and is the Director of Business Services for the company. He joined their ranks back in 2012 after being one of their customers. Since joining Quiet Light he has closed 35 million dollars in transactions. One of the key things to keep in mind in business is nothing lasts forever. Eventually, you will have to sell your business. Joe is here today to tell us how to make a business valuable to a future buyer. Both Dave and I have been through the selling process, so we have some insight on this subject. Dave has worked with Joe before when he sold a past business. We sort of use that as a reference point in our conversation. If you are considering or planning to sell your business, today's episode is a must listen! Here are today's conversation points: Introducing Joe Valley. What gives your business value? Why you should give yourself at least 12 months to prepare to sell. What is an “add-back?” How to wisely cut expenses to increase value. What is a “multiple?” Why you need to hire a bookkeeper. There is a buyer for every business. We hope today's episode was useful to you. If you want to get in touch with Joe you can email him at joe@quietlightbrokerage.com or you can check out the company at www.quietlightbrokerage.com. Resources Mentioned Today: EcomCrew Quiet Light Brokerage If you have any questions or anything you'd like us to discuss on the podcast you can now email us directly at ecomcrew.com! Just send those emails to support@ecomcrew.com. Also, we would really appreciate if you would leave us a review on iTunes. Thanks for listening!
Mark Daoust leveraged his knowledge of SEO, marketing, and technology and started Quiet Light Brokerage as a conduit for entrepreneurs seeking to market, buy, and sell internet businesses. Mark's firm has helped hundreds of entrepreneurs maximize the value of their e-commerce, saas, and content-based businesses and successfully exit. Marks speaks with us about how your personality dictates whether you "buy and hold" or flip your web properties, how to avoid a website with a single point of failure, and what you can do to make your online journey as profitable as possible. Resources Quiet Light Brokerage (Website) Mark Daoust (LinkedIn) Mark Daoust (Twitter)
Joe Valley is an equity partner at Quiet Light Brokerage, and has been with the firm since 2012. Joining after selling his own eCommerce business through Quiet Light Brokerage, Joe has personally closed over $35,000,000 in total transactions and is now the Director of Brokerage Services. Joe understands the importance of valuation and exit planning. Joe has expertise advising and brokering in all web based niches, including SaaS, eCommerce, Amazon FBA, Affiliate, and many others. Joe recently wrote 10 Steps to Selling Your Amazon Business, and walks all web based business owners through the process of a business valuation, calculating potential taxes, listing the business for sale, all the way through to closing, training and transition. Recently featured on The Amazing Seller Podcast, Joe can lend his expertise, and advise other entrepreneurs who have built or bought a web based business and are considering an exit. During This Show We Discuss… What a website business broker does Why someone would consider selling their website business When should someone should consider selling their website business What are the biggest mistakes entrepreneurs make when they decide to sell their business Things business owners can do, from inception, to have the best chance of getting the highest value when selling their business How to figure out what your business is worth How to get an affordable valuation done Who the typical buyers of web based businesses are What types of online businesses generally sell for higher multiples than others How buyers usually obtain financing to buy a business What factors lenders look at to lend money for a business purchase Best tips for business buyers and sellers to get the best deal And much more...
After selling his online publication with over 220,000 subscribers, Mark Daoust was approached by a friend also wanting to sell his business. This was the start of what would become Mark's next adventure, Quiet Light Brokerage, has currently sold over $100M in online companies. If you listen, you will learn: What it means to be an online company The different types of online businesses How online businesses are valued How to increase the transferable value of your company The power of analytics online How a traditional business can leverage the internet Where It All Began Mark Daoust didn't start out in the online business brokerage world. He first worked for an internet company in Maryland and made it through an extreme downsizing where he was then tasked with taking care of hundreds of clients. Through this experience, he learned a lot about working with online businesses and eventually started an online publication called Site Reference. Site Reference generated revenue through sponsorships of the newsletter as well as direct mailings to their list of contacts. [clickToTweet tweet=”“In the online world, if you have eyeballs..if you have an audience, you can make money.” ” quote=”“In the online world, if you have eyeballs..if you have an audience, you can make money.” ” theme=”style2″] Mark was admittedly a little naïve and sold Site Reference for less than what the company should have been worth if he would have made slight changes. It is hard to put a price on a company where he was the sole contributor to the business and all he had was a list of followers. Admittedly, his business lacked transferability. Making Your Business More Transferable & Valuable Mark now owns Quiet Light Brokerage which is in the emerging niche of selling and buying websites. He helps his clients with what he lacked in his previous business – how to make a business more transferable. In this podcast, Mark discusses four main things that will impact the value of a company. Risk Growth Transferability Documentation. Check out Mark's Ultimate Guide to Website Value here: https://www.quietlightbrokerage.com/resource/website-value Marriage of Traditional and Online Business Quiet Light Brokerage works with different types of online companies including eCommerce, service based businesses, software as a service companies, content sites, subscriptions sites, and lead generation sites. Online companies are not just websites. Traditional brick and mortar businesses that have a company website are not online companies. According to Mark, traditional companies have the opportunity to grow their business in a way they haven't before with leveraging the internet. “No one wants to talk to a salesperson. People don't want to be sold. They want to make up their mind on their own.” The marriage of online and offline worlds is happening. Mark gives examples and elaborates on this point in the podcast. Business owners do not have to get rid of what they have developed offline but they will need to apply it to the online world to continue to be successful. There is only a ton of upside for their business. Contact Information and Bio for Mark: Email: mark@quietlightbrokerage.com LinkedIn: https://www.linkedin.com/in/markdaoust/ Twitter: @markdaoust Company Website: https://www.quietl