| Website | https://thirdtier.net |
| https://linkedin.com/in/amybabinchak | |
| Newsletter | https://mailchi.mp/thirdtier/small-business-tech-news |
| Website | https://thirdtier.net |
| https://linkedin.com/in/amybabinchak | |
| Newsletter | https://mailchi.mp/thirdtier/small-business-tech-news |
๐ฃ๐ฟ๐ฒ๐ฝ๐ฎ๐ฟ๐ถ๐ป๐ด ๐๐ผ ๐ฆ๐ฒ๐น๐น ๐ฌ๐ผ๐๐ฟ ๐ ๐ฆ๐ฃ: ๐๐บ๐ผ๐๐ถ๐ผ๐ป๐, ๐ฉ๐ฎ๐น๐๐ฎ๐๐ถ๐ผ๐ป, ๐๐ฒ๐ฎ๐น ๐ฆ๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฒ, ๐ฎ๐ป๐ฑ ๐๐
๐ถ๐ ๐ฃ๐น๐ฎ๐ป๐ป๐ถ๐ป๐ด with Amy Babinchak
We discussed the emotional impact of sellingโoften resembling griefโand stresses having a purpose and plan for life after the exit. Then we discuss avoiding pressure to โtime the market,โ noting there is always demand for a well-run profitable business, and the need to prepare both operations and personal finances with a CPA, tax lawyer, financial planner, and business lawyer. The conversation covers deal structure tradeoffs (cash, time commitments, and total value), common earn-out/retention periods owners find miserable, valuation drivers like profitability, standardization, and running without the owner, typical multiples for small and mid-sized MSPs, and options for smaller firms such as selling a book of business or rare seller-financed sales to employees.
Have a listen
To do's for your business this week. These plus build a plan to flip your MSP upside down.
4 things to know about this week.