What to Do When Something New Attracts your Attention
Jessica Tindel and her partner started Dream Enrichment Classes, a business offering after school programs in math and art 13 years ago. Tindel built the business to 60 part time instructors and 5 full time office staff when a new business caught her attention. Stretched thin and drawn to the potential of her new idea, she decided to sell. In this episode, you’ll discover:
In this episode, you’ll learn:
- How “add backs” can significantly boost the value of your company
- The two things Tindel recommends every partnership agreement should include
- How many years a buyer will consider when evaluating the performance of your business
- The definition of “good will” and how to make sure you get paid for yours
- Who owns the cash in your company when you go to sell it (you may be surprised by the answer)
- The two things Tindel wished she had done differently if she could sell her business all over again.