Get Ready for the Post-Closing Transition

Transcript

Andy and Jessica welcome you to another episode of The Deal Board Podcast. This time they are talking about getting ready for the post-closing transition; they bring a variety of interviews and experts on the show that will talk about some of the issues that can come immediately before closing or after closing.

Listing of the week: Andy Shah (Richmond) is selling a Beauty Brand Company based in Northern Virginia that has been in business for more than 20 years, listed at $10 million, a great opportunity for a buyer who wants to grow the business. They do everything in-house. Revenue of $1.5 to 2 million. Call Andy at (804) 894-0679 or email [email protected].

Key Takeaways

Key takeaways:

[3:53] Russell Hollrah (Hollrah LLC) talks about his professional career.

[5:26] What does Russell see currently in the marketplace?

[6:59] What might independent contractors not be doing right?

[8:06] What are the best practices if you are an independent contractor?

[9:17] How does a company get in trouble?

[10:58] Russell talks about the penalties for violating an independent contractor agreement.

[12:05] What does Russell see in the near future as far as employers having to change their business models?

[14:43] Russell talks about how his company can help companies stay protected.

[16:01] Russell gives his advice to owners of businesses.

[18:11] Deal of the week: Michael Shea (Central Florida) sold a 31-year-old healthcare staffing company based in Central Florida; the owner was about to close the business but ended up selling at $1.5 million, full-cash offer.

[21:01] Jake Kent (Acquisition Lifeguards) talks about his professional career in IT.

[24:28] Jake talks about the extent of work that The Acquisition Lifeguards cover.

[25:28] When looking to roll up or buy other businesses, which company wins, the person with the better technology or the one that is bigger?

[27:41] What is Jake looking for when he goes into a company? Jake gives advice even to small business people.

[32:02] Jake gives tips for people thinking about selling or purchasing.

[35:40] Listing of the week: Andy Shah (Richmond) is selling a Beauty Brand Company based in Northern Virginia that has been in business for more than 20 years, listed at $10 million. Revenue of $1.5 to 2 million.

[38:20] Ken Greene, President of Greene Finance and Insurance, gives a little background about himself.

[41:14] Ken talks about what is going to happen with the increased capital gains.

[45:31] Ken admits no one has a crystal ball to predict what will happen in the stock market but gives his point of view about the current political and financial tendencies.

[49:05] Small business people are being hurt by the current financial decisions.

[50:25] Andy shares why it is now the best time ever to sell your business.

[53:35] What is Ken telling his clients?

Show Notes

Call Transworld Business Advisors — (888) 711-9018

Email us [email protected]

Call Russell Hollrah at (202) 659-0878 or email [email protected]

Contact Michael Shea at (321) 287-0349 or email [email protected]

Mentioned in This Episode

• The Deal Board Podcast
• Subscribe to The Deal Board Podcast YouTube Channel
• Transworld Business Advisors
• United Franchise Group
• The Deal Board on LinkedIn
• The Deal Board on Facebook
• Transworld Business Advisors on LinkedIn
• Transworld Business Advisors on Facebook
• Hollrah LLC
• Acquisitions Lifeguards
• Engineer of Finance Podcast