Scott Miller grew Miller Restoration to a $3M business specializing in cleaning up the mess caused by floods and fires. When a new business idea caught his attention, Miller decided to sell his business. After two false starts, he ended up successfully selling for 3.5 times pre-tax profit.
Miller knew telling his employees would be hard, but nothing could prepare him for what happened next.
In this episode, you’ll learn:
- Pros/Cons of having a business named after you
- How false starts with potential acquirers can lead to a bigger payday
- How a capital lease can impact the value of your company
- The best way (and worst way) to tell employees you’re selling the company
Miller navigated offers from potential acquirers more easily because he knew what his target sale price was. Module 12 of The Value Builder System™ walks you through The Envelope Test, which is designed to help you determine your dream check.
Get started for free right now by completing Module 1.