Ep.24 How to Scale Your Business to Make It More Valuable to a Buyer with Coran Woodmass

Episode 24 July 30, 2020 00:53:32
Ep.24 How to Scale Your Business to Make It More Valuable to a Buyer with Coran Woodmass
Sprint to Profit
Ep.24 How to Scale Your Business to Make It More Valuable to a Buyer with Coran Woodmass

Jul 30 2020 | 00:53:32

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Show Notes

Welcome back to the Sprint to Profit podcast. Today we have a special guest. Coran Woodmass the founder of The FBA Broker, a leading broker company that works with entrepreneurs to sell their business for their best exit and also works with entrepreneurs to acquire businesses to grow their portfolio or to just get in the game. Coran is also a little bit of a nomad and world traveller.

Today we’re going to talk about what Coran does, Coran’s advice for new entrepreneurs, what to think about when planning your exit strategy, and things you can do to increase the value of your business.

If you liked what you heard today on the show, please make sure to hit the subscribe button so you can get updated when we post new episodes. Please share this episode with others who might get value out of it as well. We wish you the best for you and your business.

To get some FREE training on what it takes to have a successful business to fuel your lifestyle, head to www.goteamreal.com to download our FREE training today.

 

Talking Points:

 

Resources/Links:

Abraham, Amazon books: https://www.amazon.com/Jay-Abraham/e/B001IR1EXG

The FBA Broker website: https://thefbabroker.com/

Double Your Exit Facebook Group: https://www.facebook.com/groups/doubleyourexitcommunity/?source_id=260960637592935

Our Website: https://www.goteamreal.com/

Real Amazon Seller Facebook Group: https://www.facebook.com/groups/AmazonSellerRoundTable/

 

Quotes:

04:45 – “What I realized was that the buyer demand was there and the reason why the buyer demand was there was because it’s a real product. You can hold it, you can touch it. It’s a real thing.” – Coran Woodmass

11:26 – “If you have a focused brand and you know your target customer is, there’s a good chance that a bigger company wants that target market.” – Coran Woodmass 

12:44 – “The buyers always want to buy a growing business because they want to get paid back quicker. They want a faster ROI on that capital.” - Coran Woodmass

45:40 – “It’s going to take time for you to make [your business] profitable. No matter what you do, it’s going to take time.” - Coran Woodmass

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