Business Brokers & Business Advisors: What’s the Difference When Selling Your E-commerce Business?
Episode Summary: In this episode, Alex interviews Chris Shipferling of Global Wired Advisors, a digital investment bank that focuses on optimizing the business sale process. Chris discusses how Global Wired Advisors works with e-commerce businesses, digitally native brands, SaaS, and digital agencies to yield the best outcome when it comes to an exit.
Valuable free resource: A complimentary consultation on your business with Global Wired Advisors. Check out their website or email Chris at email@example.com.
Global Wired Advisors ideal client: A growing, maturing, cash-flowing company with an EBITDA margin of at least $1-$5 million. The businesses that they work with are typically e-commerce, digitally native brands, SaaS, and digital agencies that have a presence in many of the marketplaces.
Problem Global Wired Advisors helps solve: Most people start a business with a plan for an eventual exit. Global Wired Advisors helps a business grab and yield the best outcome when it comes to an exit.
Typical symptoms that clients have before reaching out to Global Wired Advisors: Businesses are generally unaware of where they truly have value and where there is “hiccup” for getting maximum value out of the business. Global Wired Advisors partners with the business to help them determine if they are truly ready to go to market.
Common mistakes that folks make before finding Global Wired Advisors and his solution: Common misconceptions in terms of being ready for an exit include: not realizing the need for clean books, not understanding their liabilities (including tax liability), assuming the business is worth more than it really is.
Global Wired Advisors Valuable Free Action: Don’t assume you are great at something. Be humble enough to hire an expert.
Global Wired Advisors Valuable Free Resource: A complimentary consultation on your business with Global Wired Advisors. Check out their website or email Chris at firstname.lastname@example.org.
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