In this video with Entrepreneur Network partner Business Rockstars, 1-800-Dentist founder Fred Joyal breaks down quickly what a business owner should consisder and do before selling a company. His first piece of advice is to get a smart lawyer who will be able to tell you exactly what will happen after the sale is made — you might think this is straightforward, but it isn’t. When you sell a company for $10 million, you might only ever see $5 million or $8 million, depending on the terms of the deal and whether you meet certain benchmarks.
It’s also important to meet with different brokers and people, so you have a wide range of potential buyers and you can pick one that makes you feel comfortable going forward.
Click play to learn more.
Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.
EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Amazon Fire, Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.
Click here to become a part of this growing video network.