Podcast

Podcast: 2024 Year-End Special: The Insider’s Guide to Maximizing Your Exit

2024 Year-End Special: The Insider’s Guide to Maximizing Your Exit

As we gear up for 2025, I wanted to highlight the top strategies covered this past year on Built to Sell Radio. These insights are designed to help you increase the value of your business and position yourself for a successful exit. In this episode, you’ll learn how to: • Avoid costly mistakes during negotiations that could cost you millions.• Design a subscription model to increase value.• Structure earn-outs so you actually get paid.• Push back against low-ball offers and negotiate better terms.• Navigate private equity deals, including equity rollovers and earn-outs.• Use a 3D negotiation framework to get the deal you want.• Provoke bidding wars to maximize your valuation.• Evaluate acquisition offers to ensure you walk away with the most cash.

Exit Story: How Grace & Stella Survived a $28M Setback to Sell for 5.8x EBITDA

Imagine personally guaranteeing millions in debt to fill a $28M order—only to have it yanked at the last minute. It nearly bankrupted founder Adi Gullia as well as Grace & Stella. Yet he overcame it all and sold at a 5.8x EBITDA multiple. In this episode, you’ll learn: A surprising strategy to minimize the impact of a bad year on your valuation—by creating three versions of your P&L.• How to navigate supply chain risk when rapid growth forces risky bets.• How to sidestep the “Amazon seller discount” and protect healthy margins (like selling a 65¢ product for $13.95).

Podcast: The Broken LOI: How George Hartley Salvaged the Sale of SmartrMail

The Broken LOI: How George Hartley Salvaged the Sale of SmartrMail

Bluethumb, Australia’s largest art marketplace, spawned SmartrMail—a SaaS business that grew to $2 million in annual recurring revenue (ARR). When George Hartley decided to sell SmartrMail, he faced a major setback: the buyer he signed an LOI with didn’t have the funds to close.  In this week’s Built to Sell Radio, George shares the lessons he learned when his first deal fell apart and how he ultimately salvaged the sale.  You’ll discover:  George’s story underscores the importance of running a competitive process to create leverage and ensuring any buyer you sign an LOI with is prepared—and able—to close. 

Kaelon Egan on Selling AccelaSchool to PowerSchool

In this week’s episode of Built to Sell Radio, John Warrillow interviews Kaelon Egan, the founder of AccelaSchool, who successfully sold his company to PowerSchool—a giant in the K-12 education technology space.  For most founders, the ultimate dream is to sell to a strategic acquirer: a well-funded, industry leader with deep pockets. Egan shares exactly how he positioned his company to become a natural acquisition target, avoiding common pitfalls along the way.  You’ll discover how to:  If selling your business to an industry powerhouse is part of your long-term vision, this episode offers a practical blueprint for how to get there. 

Maximizing Your Business Sale: What Strategic Buyers Really Want

In this podcast, Mike Levison, the founder of Value Acceleration Partners, provides insight on selling a business to a strategic buyer for optimal value. He emphasizes that strategic buyers seek businesses that enhance their operations, fill gaps, and offer new opportunities. To appeal to these buyers, sellers should research potential buyers, articulate their strategic value, and demonstrate how their product or services align with buyer’s goals. Mike also highlights the importance of operational excellence and clean financials for easy integration post-acquisition. The ability of the business to operate independently of the owner, the protection of intellectual property, a diversified customer base, transparency in due diligence, and leveraging industry relationships further add appeal. He concludes by stressing that selling to a strategic buyer is about the fit, strategic alignment, and operational excellence.

More than EBITDA: How to Maximize Your Business’s True Value Before Selling 

In this podcast episode, host Mike Levison shares eight key value drivers aimed to maximize a business’s value, reduce its risks, and secure the best possible valuation. He discusses the importance of fostering a strong company culture, expanding the breadth of management, strengthening the business’s value proposition, and introducing a recurring revenue model. Emphasis is also laid on demonstrating scalability, maintaining a loyal and diverse customer base, enhancing financial management, and establishing good governance practices. Infusing these drivers into a business could make it more attractive to buyers, ensure its full potential in the marketplace, and set a foundation for best possible valuation. This podcast is a crucial listen for business owners intending to boost their business performance or planning for an exit.

Rollover Equity 101: Turning Today’s Sale into Tomorrow’s Opportunity

In this podcast, Mike Levison delves into the intricacies of rollover equity – a mechanism used in mergers and acquisitions where the seller retains some ownership in the enterprise post-sale, allowing them to benefit from its future growth. It discusses rollover equity as an advantageous situation for both sellers and buyers, as it aligns their goals while paving the way for shared success. However, the podcast also highlights the potential downsides such as reduced upfront cash for sellers and uncertainties about future valuations. Additionally, it examines the tax implications that come with rollover equity – how it may defer certain capital gains taxes and why its tax treatment should be thoroughly reviewed with tax advisors. Lastly, Levison underscores the importance of understanding one’s needs from a transaction to structure the decision on equity retention effectively.

Why a Competitive Process is Key to Getting the Best Deal

In the latest episode of the Growth & Exit Digest, Mike Levison discusses the significance and mechanics of a competitive sales process in the context of business sales. He stresses that a competitive sales process proactively engages multiple potential buyers to obtain the most favorable deal. The process should consist of engaging a range of buyers, performing a thorough due diligence on these buyers, fostering competition between them, and evaluating their commitment. Mike points out that higher demand, better transaction structures, and shorter timelines are key advantages of this process. He warns against buyers wanting exclusivity, advising sellers to minimize this risk by keeping exclusivity periods short and having backup buyers. He also shares insights on how to run a successful competitive sales process, including preparation and setting firm deadlines. Mike reminds listeners that while the process may be complex, it is crucial to avoid leaving money on the table and to find the true value of a business.

Podcast - TechSavvy Exit

Tax-Savvy Exits: Key Strategies to Boost Business Value and Avoid Costly Pitfalls

In this episode of Growth & Exit Digest, host Mike Levison discusses the importance of proper tax strategies for increasing business value and facilitating a smooth exit. He emphasizes the importance of pre-sale tax planning to optimize business valuation and ensuring favorable tax outcomes. Mike then dives into the critical decision of choosing between asset and stock sales, using a case study to illustrate the potential implications on tax liability. He provides key insights on the use of installment sales, gifting shares, and timing the sale to coincide with favorable tax conditions. The podcast also covers the complexities of multi-state and international tax rules and the importance of post-sale strategy in managing capital gains taxes and reinvestment.

Maximizing Business Value: Onboarding Strategies To Boost Performance

The episode of the Growth & Exit Digest podcast, hosted by Mike, focuses on onboarding strategies aimed at maximizing business value for small and medium enterprises. Mike emphasizes the importance of pre-boarding, stressing that preparing for a new recruit’s arrival and setting expectations can help foster engagement. He suggests integrating new hires by providing a structured first day, effective communication about the company’s mission and values, and comprehensive training. Mike further recommends a buddy system and goal setting to drive engagement and performance. He also highlights the significance of a positive work environment and regular feedback sessions. Mike points out that a good onboarding process can boost your business’s operational efficiency, retention rates, and overall valuation, thereby improving potential exit strategies.