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How to Give Up Equity and Maintain Control of Your Business Part 4

UNLIMITED

How to Give Up Equity and Maintain Control of Your Business Part 4

FromBusiness Lunch


UNLIMITED

How to Give Up Equity and Maintain Control of Your Business Part 4

FromBusiness Lunch

ratings:
Length:
14 minutes
Released:
Oct 7, 2022
Format:
Podcast episode

Description

Should you sell your business or pass it down to your kids? On today's episode, host Roland Frasier talks about Cap Table optimization and why business owners should consider selling the business instead of transferring it over to their kids. Sooner or later, a business owner must exit the business. Some choose to sell the business, and others choose to keep it in the family. Although keeping it in the family may seem like a smart move, in nearly all cases, it's actually a huge mistake. Your kids are not inspired by the business as you are and a successful exit might change your life and that of your kids in ways you could never imagine. Listen in to discover the drawbacks of transferring your business over to your kids and how you can maintain control of your company without owning majority shares. IN THIS EPISODE, YOU'LL LEARN:What is Cap Table optimization?How to maintain control of your company without owning majority sharesTransferring business ownership to your kidsWhy it's important to maintain control of your businessUnderstanding EBITDA and why it's such a big dealThe 5 main categories of buyersBuying and selling versus buying and holding a business How to structure your business according to value and profitabilityLINKS AND RESOURCES MENTIONED IN THIS EPISODE:Ask Roland and Ryan a question HERE.OUR PARTNERS:7 Steps to Scalable workbookGet a free proposal from Conversion FanaticsGet 3% cash back on your ad spend with AdCardGet my book, Zero Down, FREEThanks so much for joining us this week. Want to subscribe to Business Lunch? Have some feedback you'd like to share? Connect with us on iTunes and leave us a review!Mentioned in this episode:Get Scalable Live - THE PREMIER EVENT FOR BUSINESS OWNERSOver 3 days, network and collaborate with fellow entrepreneurs and CEOs to build a ‘recession proof’ plan to scale your company to 8-figures and beyond, and…leave knowing 2023 is going to be your best year yet!Get Scalable Live
Released:
Oct 7, 2022
Format:
Podcast episode

Titles in the series (100)

How much more successful would you be if you had lunch once a week with an insanely successful entrepreneur who shared their biggest secrets on how they think and achieve success? Well, now you can! Grab your seat at the table as successful entrepreneurs reveal their step-by-step strategies, fascinating stories, travel hacks and other delicious tidbits each week with serial entrepreneur/business strategist, Roland Frasier.