ZC 96 - Selling a Business Is Like Dating - a podcast by Andrew Erickson

from 2022-02-04T12:00

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In today's episode we talk about the life cycle of a selling a business and comparing it to DATING. This is a short but fun-filled episode and we hope you learn something from this one.


If you want to listen to our in-depth about exiting a business you can check the links below.


ZC 78 – Selling the Biz Part 1: Why Sell Your Business?

https://zonconpodcast.com/podcast/zc-78-selling-the-biz-part-1-why-sell-your-business/


ZC 79 – Selling the Biz Part 2: How to Sell Your Business?

https://zonconpodcast.com/podcast/zc-79-selling-the-biz-part-2-how-to-sell-your-business/


ZC 80 – Selling the Biz Part 3: Yes, We Did It!

https://zonconpodcast.com/podcast/zc-78-selling-the-business-yes-we-did-it/


ZC 81 – Selling the Biz Part 4: Empire Flippers

https://zonconpodcast.com/podcast/zc-81-selling-the-biz-part-4-empire-flippers/


We can help you exit your business too!

Go to www.zonconpodcast.com/EXIT to learn more about selling your business for FREE!


Below is a timeline of selling your business and our dating analogy.



  1. Shopping Around - Beginning to consider to date somebody.

  2. Broker - It’s when you have someone facilitating those dates for you (In Chris’ example is Tinder).

  3. NDA (Non-Disclosure Agreement) - Your first date!

  4. LOI (Letter Of Intent) - You’re officially Boyfriend/Girlfriend.

  5. APA (Asset Purchase Agreement) - You are now MARRIED!

  6. Earn-out - Having kids.

  7. IPO - When you get big and have a lot to share.


BONUS

Empty Nester - This is when the kids move out and get all the cash..LOL



Listen to our previous episode with Chris Rawlings on the link below.


ZC 94 – You Can Be the Surfer

https://zonconpodcast.com/podcast/zc-94-you-can-be-the-surfer/


ZC 86 – Snuck In at Events So He Can Meet Brilliant Startup Founders Part 2

https://zonconpodcast.com/podcast/zc-86-snuck-in-at-events-so-he-can-meet-brilliant-startup-founders-part-2/  


ZC 85 – Snuck In at Events So He Can Meet Brilliant Startup Founders Part 1

https://zonconpodcast.com/podcast/zc-85-snuck-in-at-events-to-meet-brilliant-startup-founders-part-1/  


ZC 44 – Is ECommerce in its Infancy?

https://zonconpodcast.com/podcast/zc-44-is-ecommerce-in-its-infancy/  


ZC 40 – Raising Money For Your Business

https://zonconpodcast.com/podcast/zc-40-raising-money-for-your-business/ 


You can get in touch with Chris directly through:

chris@judolaunch.com



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