EP 33 | How To: Acquire a Business or Sell Your Business to Investors | Guest: Bill Bath

Today we chatted with Bill Bath about his specialty, Mergers & Acquisitions. If you’ve ever wanted to sell your business or acquire one, we have several tips from Bill that can help you in the process. Bill is a Managing Partner of Legacy Mergers and also Charlotte Chairman of 12 Mavens; an invitation only community of CEOs and entrepreneurs that meet together to grow and challenge each other in a confidential community setting. 12 Mavens has chapters all across the country and helps  CEO’s operate at their highest level.

2 Simple Tips Before you bring your Business to Market: 

Tip 1: Make sure your Books are Clean! You want to make sure no-one is running personal expenses (like a home, yacht, or vacation) through the company. 

Tip 2: Figure out what are you going to do next? Do you want to retire and live that beach life? Are you selling to fund your next venture? 

3 Tips to Aquire Someone Else's Business: 

Tip 1: There will be risk. Know what risk you are willing to take and where you draw the line. 

Tip 2: Look for clean books - or cleanish. 

Tip 3: Know your strategy. You have to know what will be beneficial to your business 

3 Risks to Look For:  

1. Quality/ Stability of Financials - How much debt do they carry? What type of cash flow do they have? 

2. Culture - Does theirs mesh with yours? 

3. Synergy - Will absorbing them produce a greater effect? 

Have you ever acquired a business? We want to hear from you! Tell us any tips or takeaways you learned in the process.  

You can connect with Bill on Linkedin linkedin.com/in/billbath/or Legacy website legacymergers.com/profiles/bill-bathand check out the 12 Mavens site here 12mavens.com