Business Buying Strategies From The Dealmaker's Academy

This week we discuss business brokers, as I speak with Rob Goddard about what it entails to be a business broker and why first-time buyers should avoid using them. Rob also discusses how to maximise your exit value. Key Highlights [01:28] Rob’s first business to sell [04:20] What it entails to be a business broker [07:31] How competitive tension drives up the price of a business [11:32] Rob’s opinion on people's priorities changing as they continue with the negotiation process [17:00] Why it is not always about money! [19:00] Why first-time buyers should not use brokers [21:05] What serious investors do [28:48] How to maximize one's exit value [30:19] The benefit of employing people rather than working for yourself [33:58] The only number that matters for a seller [35:46] Connect with Rob on LinkedIn Notable Quotes The highest bidder isn't necessarily the best bidder; it might be number two or three because there's a bit of fit. So, if you're a top buyer, a tip for any buyers listening to this is to understa