Reportedly, 78% of Business owners are planning on the sale of their business to fund their retirement, but they know nearly nothing about the process or what their business is worth. Today’s episode talks about the process of selling your business. The pathway isn’t an easy one and that’s why Brokers exist! Today’s guest is my business partner and mentor Phil Eleson. He talks about buying and selling his business, and how that led him to become a broker and help others too!
We walk through the steps each seller will take whether you use a broker or not! We also talk about the places where Sellers get anxious and how to prepare for those moments.
If you want to sell your business and are curious about the process this episode is for you!
Thank you to our guest!
Phil Eleson - p.eleson@murphybusiness.com
Phil Eleson has over 25 years of professional experience with a variety of companies from small startup businesses to Fortune 500 companies. For a majority of Phil’s career, he has been self-employed having owned multiple businesses including those which he purchased and sold. He understands firsthand both the process of selling a business as well as the emotion involved in business transfers and is passionate about helping his clients manage the process & achieve their goals.
Having been an equity partner in a lower middle-market business, Phil has a specific interest in assisting those businesses with revenues between $2 Million and $25 Million. He has earned a reputation for his ability to get complex deals across the finish line and has done so throughout the Midwest and Southeast U.S. In his career at Murphy Business Sales Phil has been recognized with multiple awards including the “Top Producer” award.
Thank you to our Podcast Sponsors!
The Louisville Small Business Development Center offers support to all types of businesses. Contact the office to set up your first meeting with their expert team!
Interested in buying or selling a business?Murphy Business Brokers has the expertise you need with the personalized experience you deserve. Reach out today to start planning for your future. Call - 502-208-9326 or emaile.puckett@murphybusiness.com
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