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150 | The Fatal Error When Selling Your Business | with Thomas Smale
Honest Ecommerce
English - December 06, 2021 11:00 - 34 minutes - 33 MB - ★★★★★ - 45 ratingsBusiness Education shopify advertising advice digital ecommerce marketing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Thomas Smale is the Founder and CEO of FE International. He is a serial business entrepreneur and M&A expert, having built the industry-leading firm in the $1-100M global technology sector.
With experience dating back to the early 2000s, Smale offers invaluable technical, diligence and negotiation advice to early-stage and seasoned business owners alike, which has resulted in over 1,000 successful exits.
Smale can be regularly found speaking at industry events where he enjoys meeting like-minded entrepreneurs and investors.
Alongside his duties at FE International, Smale is a sought-after author and keynote presenter for leading industry events worldwide.
He has been interviewed on top podcasts and blogs on a variety of topics, including business strategy, buying and selling businesses, negotiation tactics and more.
He writes a business column regularly on entrepreneurship, growth, and business management for Entrepenur.com and is a Young Entrepreneurs’ Council member.
In This Conversation We Discuss:
[00:00] Intro[01:19] Thomas’ backstory[04:54] Reasons to buy or sell websites[06:25] 3 main buyer groups for websites[08:15] 3 types of websites that FE Intl buys [12:30] Setting up for selling your business[15:31] What makes FE Intl different[17:15] Sponsor: Electric Eye electriceye.io[17:35] Sponsor: Mesa apps.shopify.com/mesa[18:19] Sponsor: Gorgias gorgias.grsm.io/honest[19:46] Sponsor: Rewind rewind.io/honest[20:18] Sponsor: Klaviyo klaviyo.com/honest[21:06] Best practices for selling your website[22:23] Don’t sell your business when it’s declining[23:44] It’s easier to sell businesses now[25:30] Write down your processes[25:58] Consider an evergreen business industry[28:56] Does FE Intl help buyers?[29:55] Be careful in choosing advice[31:40] Should you raise money?[32:20] Consider your future early on[33:59] Where to find Thomas and FE InternationalResources:
Connect with Thomas @ThomasSmale linkedin.com/in/thomassmaleSell your online business with a Professional M&A Advisor you can trust feinternational.comGet a free valuation of your website feinternational.com/sell-your-websiteScale your business with electriceye.ioDownload Mesa at the Shopify App Store apps.shopify.com/mesaLevel up your customer support gorgias.grsm.io/honestRespond to any of Rewind’s welcome emails and mention HONEST ECOMMERCE to get 1 month free rewind.io/honestGet started with a free account at klaviyo.com/honestIf you’re enjoying the show, we’d love it if you left Honest Ecommerce a review on Apple Podcasts. It makes a huge impact on the success of the podcast, and we love reading every one of your reviews!