Today's episode of the podcast, Robert Hirsch from Freedom Factory discusses "How do I Build the Machine to Work ON My Business vs IN the Business".  https://vimeo.com/389989988 Additional Videos From Freedom Factory Should I Hire a Consultant or a Business Broker to Sell My Business? How do I Leverage Other Peoples' Money For Buying a Business? Transcript of Podcast Hi, Robert from Freedom Factory here, and I want to talk to you about something that is entrepreneurs we hear a lot, but...

Robert Hirsch from Freedom Factory, discusses whether you Should Hire a Consultant or a Business Broker to Sell Your Business? Listen to the podcast, watch the video, or read the transcript . https://vimeo.com/389990011 Additional Videos From Freedom Factory Seller Beware! The Big Reasons Deals Don't Close What are the Secrets of Selling Your Business for Maximum Value? Transcript of Podcast Hi Robert Hirsch again, and I want to talk to you about something, which is a question that we...

Hi, it's Robert Hirsch from Freedom Factory. And I wanted to talk to you about a really important subject. And these are really the secrets of selling a business for maximum value. And so, at Freedom Factory, we do a lot of the work for you in terms of what it takes to be able to sell your business. And we have a great partnership, and I'll get into that in a little bit, but more than anything else what we do is help you craft your best story, and when you're crafting a story, it needs to...

What Are the Types of Business Buyers? Seller Beware! The Big Reasons Deals Don't Close Hi, it's Robert Hirsch from Freedom Factory. And I wanted to talk to you about a really important subject. And these are really the secrets of selling a business for maximum value. And so, at Freedom Factory, we do a lot of the work for you in terms of what it takes to be able to sell your business. And we have a great partnership, and I'll get into that in a little bit, but more than anything else what...

Hey everybody, Robert Hirsch from Freedom Factory here, and I want to answer a question that we get a lot, which is, how do I pay for a business. Now after doing this almost exclusively for 20 years, all you do is see these deals go through. And what looks normal to me is really different to a lot of my fellow entrepreneurs. And so I was with a group of entrepreneurs speaking to them last night. And what they told me is they said, Robert, I don't have 2 million sitting around to buy a...

Do you own a job or a business? Many entrepreneurs don't recognize the difference between the two. If you are a businessman, it is essential to know how your company performs if you're physically there and if you're not. That way, you can find out if your business continues to profit or not. There's a litmus test to find out if what you have right now is really a business or just a job. Hi, Robert Hirsch here from Freedom Factory, and one of the most frequent questions we get is, can I sell...

Hi everybody. This is Robert from Freedom Factory and I want to talk to you about it a pretty serious topic today, and it's the biggest reason that deals don't close. Now, personally, my close rate on deals has been really strong over the last 10 or 15 years, but I see a lot of people, you know, the industry standard, they close less than 50% of deals. So, it's almost unbelievable when you think 50% of people that agree to pay a price for a business don't actually buy it. And I want to jump...

Hi Robert Hirsch from Freedom Factory, and I want to talk to you about something that's pretty important for an entrepreneur. And frankly, I don't think most entrepreneurs consider, which is when they want to grow their company, do you want to build it or do you want to buy it or growth by acquisition. Now, historically, a lot of entrepreneurs haven't really considered it, and the reason for that is that buying and selling small businesses has been a pretty inefficient asset class. It's hard...

Hi, Robert Hirsch here from Freedom Factory. A question that we get a lot is, how do I sell my business quickly? So if you've come to the decision to sell your business, as soon as you make that decision, you want it to happen as fast as you can. There are a couple of things that we've done to really optimize the process. And when we do it here, we've compressed it down to the 147-day timeline. And we've done that by really being able to control the seller's process. For example, if you're...

Hi, Robert Hirsch from Freedom Factory here again, and today I want to talk to you about the three ways to maximize the value when you go to sell your business. The first is to maximize your multiple, and what I mean by that is there are different multiples for different businesses and we can talk about what that looks like. But for example, I had a company come to me to sell and its name was something excavation, and it started off being an excavation company, but in the last 20 years, it...

Hey, it's Robert Hirsch from Freedom Factory, and I want to talk to you about our first core value here, which is freedom and what it means to me and the evolution of the definition of freedom. So when I started as an entrepreneur 25 years ago, my definition of freedom was being able to do what you want, when you want, with whom you want, as often as you want. And that led to a really fun twenties in San Francisco and in Colorado. It was spectacular. I owned my time and it gave me the...

Hi, Robert Hirsch from Freedom Factory here. One of the questions that we get most often is, what is my business worth? If you're like me, most entrepreneurs are so interested in growing their business that what it's worth doesn't really come up that often. I always focus on growing sales, and I figure if I grow sales, and I run it efficiently, the business is going to get better and it's going to be worth more. In general, that's right. But it doesn't answer the question of what it's worth....

Hi guys. Robert Hirsch from Freedom Factory. And I want to talk to you about something really important and specifically what is freedom? And people talk about freedom all the time. It's our core value. It's in our company name. It's in our intro it's, or outro, it's our, it's our number one top of the list core value and freedom is one of those things that means different things to different people. So I wanted to define it at least as we see it for our fellow entrepreneurs. And so my short...

Hi, Robert Hirsch from Freedom Factory, and I want to talk to you about something that has really allowed me to bend time and has really allowed me to make a difference when running my companies or my entrepreneurial companies. And I call it the stupid human trick. And I borrowed a bit of that from David Letterman watching his stupid animal tricks growing up. As entrepreneurs, we usually have one thing that we do better than anybody else. And I've mentioned this in a few other videos, but,...

Today's episode of the podcast, Robert Hirsch from Freedom Factory discusses how to sell your business, a common question asked by business owners, to business brokers. Hi, Robert Hirsch from Freedom Factory here. And one of the questions that we get most often is, how do I sell my business? A lot of entrepreneurs, they ask this question. And I remember the first time I sold my business, I sold that through an investment banker in New York. And I learned this really important...

In today's podcast Robert Hirsch answers the question "When is the Right Time to Sell My Business?" Hi Robert Hirsch from Freedom Factory here. And I want to talk to you about a really important subject and when is it the right time to sell your business? This question has a bit more art than it does science. And ultimately it's kind of a gut check of what you know.  We're outside. This is the backyard of my mountain house and is kind of my happy place. The first thing I'm going to suggest...

Today's episode of the podcast, Robert Hirsch from Freedom Factory talks about the strategies you should be using when getting your company ready to sell. You can listen to the podcast, watch the video, or read the transcript below. Strategies for Getting Your Company Ready to Sell Hi, it's Robert Hirsch from Freedom Factory. I was just working up in my mountain house and I needed to tell you this. I'm just working on it with a new customer and we're getting their company ready for sale,...

In today's episode of the podcast, Robert Hirsch from Freedom Factory talks about the difference between business brokers and investment bankers. Hi, it's Robert Hirsch from Freedom Factory again. And I wanted to talk to you today about a question that we get a lot, and it's, what's the difference between a broker and an investment banker? And you know, as an entrepreneur, I didn't know the difference. The first time I sold a business, I used an investment banker. And, you know, and long...

Hi there. It's Robert Hirsch from Freedom Factory again, and I want to talk to you today about what I see as the most undervalued asset class on the planet. And that's small business. If you're to go buy a small business, and let's say it's making $200,000 a year and it's in an average industry, and you know an average thing, you might be able to buy it for three times earnings. And what that means is the purchase price of the company would be $600,000. Now a lot of guys are watching saying,...

Selling a business seems pretty straightforward – offer your business to prospective buyers, sign the deal, and voila! However, it is not always the case. Many business owners are struggling to sell their business. Finding buyers alone takes time. Some already find buyers, but as they take off, things begin to fall, and they end up going back to square one. In today's episode from Freedom Factory Robert discusses the single biggest mistake entrepreneurs make when selling their business, and...

Listen to Robert Hirsch from Freedom Factory talk about the stops you should take in preparation for selling your business. If you're interested in finding out how to get the maximum value for your business, contact Freedom Factory today. 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/ Follow us on Twitter @freedomfactory7 Subscribe to Our Youtube Channel Hi, Robert...

Robert Hirsch, founder of Freedom Factory, discusses the different types of contracts that you can use to sell your business. Hello, this is Robert Hirsch from Freedom Factory, and I want to talk to you about something that sometimes you get so involved in selling businesses that you don't realize that you have all these TLAs or three letter and acronyms that people don't understand. And so I just got a letter from one of my clients and he was talking about the difference between deal...