DigitalExits

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Podcast

Ep #24: How to Grow Your Business Before You Exit with James Schramko

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james-schramko-photo-300x234Whether you are looking to sell your company for a good profit or just trying to boost your sales, growing your business is something that you will definitely need to focus on. James Schramko from SilverCircle.com has much experience in this area and helps others learn the ropes of the trade.

This week, we’re going to be discussing exactly what you can do to grow your business in any niche whether you choose to sell it or not. You won’t want to miss it.

What You’ll Learn From This Episode:

  • How James’ experience as a successful BMW and Mercedes salesman helped him with his future business success.
  • A step-by-step explanation of how James turned one Mercedes dealership around from losing seven figures a year into a successful business.
  • The growth strategies for your business in order to boost your sales.
  • James Schramko’s tips to successfully running an online business.
  • An inspiring success story of one of the Silver Circle member.

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Ep #23: What Experienced Buyers Look for When Purchasing an Online Business (Session 2) with Nicholas Green and Chris Guthrie

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Continuing the theme of our last episode, we look deeper into what the buyers are looking for in sites for sale. Chris and Nicolas are veteran online entrepreneurs who have owned many different types of businesses over the years.

This week, for the second round of this topic, we will discuss everything from buying and selling sites to adding value to them. We’re going to explain why and when it is the right time to buy and sell these online businesses and the benefits and downfalls of each different business model. Whether you are a veteran or just getting into this venture, you won’t want to miss this show.

What You’ll Learn From This Episode:

  • What made Chris and Nicolas’s past businesses successful and the lessons you can learn from them.
  • What factors make a good potential business opportunity.
  • How you can add value to a newly purchased site and increase cash flow.
  • When is it the right time to buy and sell an online business.
  • The different types of deal and financing structures that you can use in the future.
  • Chris and Nicolas’s tips for buyers and sellers that you don’t want to miss.

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Ep #22: What to Look for When Buying an Online Business with Chris Kite and Sandip Sekhon

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Buying an online business requires a level of due diligence that can be overwhelming. Chris Kite and Sandip Sekhon are experienced online business owners and buyers with advice that can help make the process easier. Chris and Sandip explain exactly what they look for in potential online business purchases. In this episode, we’ll share useful strategies behind buying websites. You won’t want to miss it.

What You’ll Learn From This Episode:

  • How Chris and Sandip got started with their online business and what made them successful.
  • What lessons Chris and Sandip have learned from the mistakes and successes they have experienced.
  • What Chris and Sandip look for in an online business they are planning on buying.
  • Tools to help you conduct efficient research.
  • Reasons why buyers should or should not pay a premium for an online business.

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Ep #20: To Sell or Not to Sell with James Schramko

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james-schramko-photo-300x234It’s hard to know exactly when is the right time to sell a business, and making an exit isn’t always the right thing to do. James Schramko from SuperFastBusiness.com certainly knows a thing or two about timing an exit. This week, we’re going to be discussing when it’s the wrong time to sell. We’re going to explain some reasons why you shouldn’t be selling your business, and how you can prepare yourself when the time is right. You won’t want to miss it.

What You’ll Learn From This Episode:

  • James’ first entrepreneurial ventures and what he learned from them.
  • Why James didn’t sell his SEO service business or his web design business.
  • How you can tell when it is the wrong time to sell.
  • How you can tell when it is the right time to sell.
  • What advice James has for someone who is considering an offer.

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Ep #19: A Road Map to Selling Your Business

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jockpurtle11So you’re thinking of selling your online business, but you don’t know where to start? Anyone who has sold an online commodity has been in the same position you’re in now. This week, I will be discussing the process of how a business gets sold, from the very beginning until the end. We’re going to dig in to each step to give you a better understanding of how it works, so when you sell your own business, you will be much better prepared for it. You won’t want to miss it.

What You’ll Learn From This Episode:

  • How to decide whether it’s the right time to sell your business.
  • The right way to figure out what your business is worth.
  • The more questions a buyer has, the more invested they are in the process.
  • How to handle the process of negotiating and accepting an offer.
  • Why you should be completely open and honest through the entire selling process.

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Ep #18: A Debate on Online and Offline Purchases with Ace Chapman and Justin Gilchrist

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Episode PhotoAce Chapman from AceChapman.com is certainly an expert in brick and mortar commodities. Justin Gilchrist of Centurica, on the other hand, is a wizard in the world of online businesses. In this special episode of Digital Exits, Jock invites Ace and Justin on the show to have a spirited debate about the advantages and disadvantages to buying businesses online and offline . You won’t want to miss it.

What You’ll Learn From This Episode:

  • How you can gain more leverage in your investment when purchasing an offline business.
  • How buying a business online can give you more options, flexibility and return.
  • The role that baby boomers play in online and offline purchases.
  • The types of premiums you would have to pay for an online business and an offline business.
  • The different types of competition that you face with an online company and a brick and mortar company.

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