Freedom
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Friday, June 19, 2020
Freedom
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Tyler Tysdal And Robert Hirsch Analyzed If You Can Sell Your Business by Yourself or Do You Need Help
Tyler Tysdal And Robert Hirsch Analyzed If You Can Sell Your Business by Yourself or Do You Need Help
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Thursday, June 18, 2020
Robert Hirsch Looks at The Art And Science Of Selling Your Business
Today's episode from the podcast, Robert Hirsch Speaks about The Art And Science Of Promoting Your Small Business.
Listen to the podcast, enjoy the video, or study the transcript below.
Additional Videos From Freedom Factory
How Does Recasting My Financials Impact the Worth of My Business?
Can I Sell My Business On My Own or will I Need Assistance?
Transcript of Podcast
Probably the most frequently asked question that I get is how do you determine the promoting price of your business? And the reality is its part art and part science. I'll go over some of the science, then I'll go over a little bit from the art, and again, experience goes a long way.
Coming back to the science part of it, some of the really easy pieces are are what's your earnings? Earnings is often expressed in EBITDA or your earnings before income tax depreciation and amortization. We convert that into seller's discretionary cash flow for all of our clients. And again, when you're paying your taxes, EBITDA is a game of minimization. The discretionary cash flow is a game of maximization or accurately reflecting all the cash flow that your company generates.
You're also going to have things like industry multiples, and sometimes there's little nuance things like if your e-commerce business versus a fulfilled by Amazon business, you're going to get a really different multiple. So we want to make sure to position it the right way. Some from the other things, industry codes, we had a client and the name of their company was excavation.
Turns out that excavation companies are valued at two to two and a half plus assets. When I say two to two and a half, that's a multiple of earnings. Will construction companies of that size are about four and a half to five. And it turned out that although they started as an excavation company, over 80% of their revenues came as a construction company.
So we repositioned it and that helped the industry code. But whatever we do with all these numbers, we make sure to look at market comparable and what's the market looking like? What are the best sales that we can hang our hat on? How does a bank worth it? Is it going to be an SBA type business? And now all of a sudden we're starting to get into the art.
My name's Robert Hirsch, and I'm the founder here at Freedom Factory. All we do is assist entrepreneurs sell businesses. That's 100% of our life. When I wake up in the morning, I'm looking at market comps, I'm looking at sales, I'm looking at, okay, how do we maximize the sales price of our company and really work as a partner?
So. Whether you're a physical company that's been around for 20 years or a digital company that's been around for two, we're going to look at all the science and combine it with the art to help you maximize your sales price. Give us a, call it Freedom Factory today. I look forward to speaking with you soon.
Thank you so much for watching. Please like and subscribe and we'll see you soon.
Contact Freedom Factory
Freedom Factory
5500 Greenwood Plaza Blvd., Ste 230
Greenwood Village, CO 80111
Phone: 844-MAX-VALUE (844-629-8258)
https://www.freedomfactory.com/
https://g.page/freedom-factory-denver
Also, Follow Freedom Factory here
Best Company Brokers - video portfolio
Available on Youtube:
Managing Partners
Learn more about the managing partners, Tyler Tysdal, and Robert Hirsch.
Robert Hirsch Looks at The Art And Science Of Selling Your Business
Today's episode from the podcast, Robert Hirsch Speaks about The Art And Science Of Promoting Your Small Business.
Listen to the podcast, enjoy the video, or study the transcript below.
Additional Videos From Freedom Factory
How Does Recasting My Financials Impact the Worth of My Business?
Can I Sell My Business On My Own or will I Need Assistance?
Transcript of Podcast
Probably the most frequently asked question that I get is how do you determine the promoting price of your business? And the reality is its part art and part science. I'll go over some of the science, then I'll go over a little bit from the art, and again, experience goes a long way.
Coming back to the science part of it, some of the really easy pieces are are what's your earnings? Earnings is often expressed in EBITDA or your earnings before income tax depreciation and amortization. We convert that into seller's discretionary cash flow for all of our clients. And again, when you're paying your taxes, EBITDA is a game of minimization. The discretionary cash flow is a game of maximization or accurately reflecting all the cash flow that your company generates.
You're also going to have things like industry multiples, and sometimes there's little nuance things like if your e-commerce business versus a fulfilled by Amazon business, you're going to get a really different multiple. So we want to make sure to position it the right way. Some from the other things, industry codes, we had a client and the name of their company was excavation.
Turns out that excavation companies are valued at two to two and a half plus assets. When I say two to two and a half, that's a multiple of earnings. Will construction companies of that size are about four and a half to five. And it turned out that although they started as an excavation company, over 80% of their revenues came as a construction company.
So we repositioned it and that helped the industry code. But whatever we do with all these numbers, we make sure to look at market comparable and what's the market looking like? What are the best sales that we can hang our hat on? How does a bank worth it? Is it going to be an SBA type business? And now all of a sudden we're starting to get into the art.
My name's Robert Hirsch, and I'm the founder here at Freedom Factory. All we do is assist entrepreneurs sell businesses. That's 100% of our life. When I wake up in the morning, I'm looking at market comps, I'm looking at sales, I'm looking at, okay, how do we maximize the sales price of our company and really work as a partner?
So. Whether you're a physical company that's been around for 20 years or a digital company that's been around for two, we're going to look at all the science and combine it with the art to help you maximize your sales price. Give us a, call it Freedom Factory today. I look forward to speaking with you soon.
Thank you so much for watching. Please like and subscribe and we'll see you soon.
Contact Freedom Factory
Freedom Factory
5500 Greenwood Plaza Blvd., Ste 230
Greenwood Village, CO 80111
Phone: 844-MAX-VALUE (844-629-8258)
https://www.freedomfactory.com/
https://g.page/freedom-factory-denver
Also, Follow Freedom Factory here
Best Company Brokers - video portfolio
Available on Youtube:
Managing Partners
Learn more about the managing partners, Tyler Tysdal, and Robert Hirsch.
Monday, June 15, 2020
Tyler Tysdal And Robert Hirsch Viewed the Art and Science of Selling Your Business
Tyler Tysdal And Robert Hirsch Viewed the Art and Science of Selling Your Business
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Tyler Tysdal And Robert Hirsch Taught Entrepreneurs to Live the Best Life by Selling Business
Tyler Tysdal And Robert Hirsch Taught Entrepreneurs to Live the Best Life by Selling Business
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Saturday, June 13, 2020
Big Mistakes Sellers Make Before Selling Their Company
Today's episode from the podcast, Robert Hirsch from Freedom Factory, discusses "Big Errors Sellers Make Before Promoting Your business."
Listen to the podcast, watch the video, or read the transcript below.
Additional Videos From Freedom Factory
How to Buy a Company When You Don't Have the Cash
What Are the Types of Company Buyers?
Transcript of Podcast
Hey guys! Robert from Freedom Factory here, and I want to talk about something that comes up a lot when we start working with new sellers, and usually it sounds something like this, should I start a new revenue stream? Should I add a new channel? Should I build an affiliate program prior to I sell? And while this sounds like a good idea on the surface, in reality, not so much. And the reason for that is twofold. One, when you start a new revenue stream, it's going to burn as inefficiently as possible. And what I mean by that is your customer acquisition cost is going to be the highest and you're not going to add significantly to your bottom line.
Now, most of the time when you sell your company, it's a multiple of earnings. So you want to optimize for earnings. And so let's say for example you could build a new revenue stream, but you're not actually adding a lot of profits. Conversely, you could spend that same time taking your existing revenue stream and for example, let's say you can find an extra $200,000 in profitability through cost cutting on that.
Now that $200,000 in earnings, not only did you make that the first time, but if you sell for five times earnings, that's going to be another million dollars in revenue, or another million dollars in valuation to your company. And ultimately it's these little tips and tricks that make the difference whether you stick the landing or not, you're a company you've worked for years on, and it's the most important asset that you have.
And frankly, sticking the landing is just as important as building and creating a great company. If you have questions about this or anything else, why don't you give us a call it Freedom Factory. We look forward to speaking with you soon.
Thank you so much for watching. Please like and subscribe and we'll see you soon.
Contact Freedom Factory
Freedom Factory
5500 Greenwood Plaza Blvd., Ste 230
Greenwood Village, CO 80111
Phone: 844-MAX-VALUE (844-629-8258)
https://www.freedomfactory.com/
https://g.page/freedom-factory-denver
Also, Follow Freedom Factory here
Best Business Brokers - video portfolio
Available on Youtube:
Managing Partners
Learn more about the managing partners, Tyler Tysdal, and Robert Hirsch.
from
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Big Mistakes Sellers Make Before Selling Their Company
Today's episode from the podcast, Robert Hirsch from Freedom Factory, discusses "Big Errors Sellers Make Before Promoting Your business."
Listen to the podcast, watch the video, or read the transcript below.
Additional Videos From Freedom Factory
How to Buy a Company When You Don't Have the Cash
What Are the Types of Company Buyers?
Transcript of Podcast
Hey guys! Robert from Freedom Factory here, and I want to talk about something that comes up a lot when we start working with new sellers, and usually it sounds something like this, should I start a new revenue stream? Should I add a new channel? Should I build an affiliate program prior to I sell? And while this sounds like a good idea on the surface, in reality, not so much. And the reason for that is twofold. One, when you start a new revenue stream, it's going to burn as inefficiently as possible. And what I mean by that is your customer acquisition cost is going to be the highest and you're not going to add significantly to your bottom line.
Now, most of the time when you sell your company, it's a multiple of earnings. So you want to optimize for earnings. And so let's say for example you could build a new revenue stream, but you're not actually adding a lot of profits. Conversely, you could spend that same time taking your existing revenue stream and for example, let's say you can find an extra $200,000 in profitability through cost cutting on that.
Now that $200,000 in earnings, not only did you make that the first time, but if you sell for five times earnings, that's going to be another million dollars in revenue, or another million dollars in valuation to your company. And ultimately it's these little tips and tricks that make the difference whether you stick the landing or not, you're a company you've worked for years on, and it's the most important asset that you have.
And frankly, sticking the landing is just as important as building and creating a great company. If you have questions about this or anything else, why don't you give us a call it Freedom Factory. We look forward to speaking with you soon.
Thank you so much for watching. Please like and subscribe and we'll see you soon.
Contact Freedom Factory
Freedom Factory
5500 Greenwood Plaza Blvd., Ste 230
Greenwood Village, CO 80111
Phone: 844-MAX-VALUE (844-629-8258)
https://www.freedomfactory.com/
https://g.page/freedom-factory-denver
Also, Follow Freedom Factory here
Best Business Brokers - video portfolio
Available on Youtube:
Managing Partners
Learn more about the managing partners, Tyler Tysdal, and Robert Hirsch.
from
https://freedomfactory0.blogspot.com/2020/06/big-mistakes-sellers-make-before.html
Friday, June 12, 2020
Tyler Tysdal And Robert Hirsch Taught Entrepreneurs How to Approach Competitors to Buy Their Business
Tyler Tysdal And Robert Hirsch Taught Entrepreneurs How to Approach Competitors to Buy Their Business
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Wednesday, June 10, 2020
Tyler Tysdal And Robert Hirsch Outlined How to Stay Involved in Your Business but Sell the Majority
Tyler Tysdal And Robert Hirsch Outlined How to Stay Involved in Your Business but Sell the Majority
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Tuesday, June 9, 2020
Time is the entrepreneurs most precious resource. Spend wisely because you can't get it back. https://tracklix.com/c7h7
Time is the entrepreneurs most precious resource. Spend wisely because you can't get it back. https://tracklix.com/c7h7
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Tyler Tysdal And Robert Hirsch Illustrated How to Sell Your Share of a Business If You Have Other Partners
Tyler Tysdal And Robert Hirsch Illustrated How to Sell Your Share of a Business If You Have Other Partners
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Thursday, June 4, 2020
Fit Body Boot Camp Franchise Ideas
The brand uses shipping, packaging, mail box services, copy, and print services and computer system time rentals for little businesses. It has approximately 6,000 franchises in overall. The UPS Shop offers internal financing which covers start-up costs, inventory, and devices. It is likewise in mutual contract with 3rd party investors who can give franchisees the financing for start-up costs, devices as well as the preliminary franchising charge.
The initial investment required to franchisees varies depending on the place as outlined listed below, according to the company's site: Traditional Locations: $168,885 - $398,323 Rural Locations: $166,659 - $309,045Store-in-Store Places: $58,248 - $230,160+ Rural locations typically have lower start-up costs because realty is more affordable in rural areas versus the city or largely inhabited suburban locations.
Your net worth requirement is $150,000 while the liquid money requirement is $60,000. The preliminary franchising fee is roughly $30,000, and there's an ongoing royalty charge is 5 percent. The franchisee and his 3-5 employees will likewise be provided complimentary training that includes training at the head office for 72 hours and onsite training for 80 hours.
How To Start A Fitness Program At 60
It has actually remained in the franchising industry in the last 62 years and has more than 10,000 franchising units. For you to qualify as a franchisee unit manager, you require to have an initialinvestment in between $109,700 and $1,637,700 not consisting of real estate - Fit Body Boot Camp. The investment depends upon the size of the restaurant, place, and the configuration of the structure.
Fit Body Boot Camp Franchise Business For Sale
Sports Clips started in 1993 and now is one of the fastest growing franchising brand names. It provides services to guys and young boys who want to have problem-free hairstyling, especially in the sporting arena. It has over 1,700 franchising units in the U.S. Sports Clips needs franchisees to install a preliminary investment between $204,800 and $368,300 and have a net worth of $400,000 or more.
Fit Body Boot Camp has shown us extraordinary success within the gym franchise market. Fit Body Boot Camp is the perfect business for virtually any fitness and health entrepreneur. Fit Body Boot Camp is a fitness/gym franchise with a minimal initial investment.Fit Body Boot Camp is The top rated gym/fitness franchise to invest in 2020. Email Fit Body Boot Camp to choose a place for you to launch your own gym club.
Moreover, you should have an initial franchising charge of $25,000 as much as $59,500. For all produced sales, you'll pay the franchisor 6 percent as an ongoing royalty fee. In case you require funding, Sports Clips uses finance options through a 3rd party that can help with startup expenses, stock, equipment, balance due, and the franchise fee.
Fit Body Boot Camp's franchise opportunity is a formula for success in 2020.
You want to own a business that adds value to people's lives, and you want to do it now! The only problem is figuring out how to make it happen.
Creating a successful business from scratch is a daunting task. So you consider franchise opportunities. But they're expensive too, and the thought of giving away more of your income as you succeed hurts.
If only there was a franchise that had minimal startup costs, marketed itself, and had a raving customer base.
Well, there is: Fit Body Boot Camp (FBBC), the anti-franchise franchise that makes it possible for you to be up and running and profitable in no time.
Continue Reading about franchising fitness.
The Best Fitness Franchise Opportunity 2020
If you're aiming to endeavor into the ice cream market then ending up being a franchisee with the Dairy Queen Company brand is an excellent option. Dairy Queen is among the leading ice cream production brand names in the U.S. and has diversified their item offerings to include hotdogs, burgers, and chicken.
Health Fitness Franchise Opportunities Uk
You require to have liquid money of $400,000, and your net worth needs to be a minimum of $750,000. The franchise cost is $35,000, and Dairy queen charges a 4% ongoing royalty cost as well as 5-6% in marketing royalty costs. You need to also be ready to take 376 hours onsite training and 32 hours training at their head office.
If you have an interest in selling buffalo-style chicken wings, then there's a well-established brand name that you can sign up with called Wingstop Dining establishments. Wingstop deals techniques on how to make and enhance your sales, as well as training for you and your staff. The financial requirements are greater than a lot of franchises. Wingstop needs a minimum net worth of $1,200,000 million of which $600,000 must be liquid.
There is also a minimum of three shops needed for the franchisee to develop. The initial franchising charge might range from $10,000 to $20,000, however the total investment of investment might vary from the low end of $340,815 to the high end of $631,292. Out of all sales you generate, 6 percent will be remitted to the franchisor (Fit Body Boot Camp).
How To Start A Fitness Business Plan
Funding is used through third-party sources whereby the profits can be used for payroll, franchise costs, stock, and equipment. Going to Angels offers a home care franchise financial investment opportunity. The company focuses on taking care of senior residents. As a franchisor, the brand name has actually been ranked amongst the finest in all senior care franchises and ranked 3rd in large franchise systems by franchise service review.
The business aids with marketing by marketing online, on T.V., and over the radio, while supplying you with home care leads on a regular monthly basis. Ace Hardware is among the most effective hardware brand names in the market and has been franchising because 1976 with more than 4,000 franchised units in 7 countries.
Fit Body Boot Camp Best Franchise Ideas
For each system, the franchisee requires to use in between 15 and 25 staff members who will be trained onsite for 40 hours and later go through training at the head office for the very same period. Ace Hardware provides funding through third-party financing business whereby the loan profits can be utilized for the franchising cost, accounts receivables, inventory, and startup expenses.
* Email your referral's name, address, phone, and email contact details together with your address, phone, and email to referralteam@libtax.com!.?.! and our sales staff will contact you. If the referred individual purchases a franchise and fulfills the conditions of our internal referral criteria consisting of, however not limited to, completion of needed trainings, getting a legitimate Electronic Filing Identification Number (" EFIN") from the Internal Revenue Service and opening a workplace in an approved area by January 2, 2019, you may be eligible for a recommendation fee in the quantity of$ 3,000. Additional constraints may use (Fit Body Boot Camp). The franchising details contained in this Web website is not meant as an offer to offer a franchise or the solicitation of a deal to purchase a franchise. The list below states and provinces manage the deal and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. Minnesota state franchise registration number F-4418 and F-3918.
Nevada- The registrant is not a lawyer authorized to practice in this State and is prohibited from offering legal guidance or legal representation to anyone. All state details supplied, consisting of details concerning state resources, was collected from third-party sources. Liberty Tax makes no warranty regarding the continued schedule of the state resources listed.
Wednesday, June 3, 2020
Tyler Tysdal and Robert Hirsch Talk About How Do You Sell Your Business
Tyler Tysdal and Robert Hirsch Talk About How Do You Sell Your Business
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