Today we are lucky enough to sit down with FBA Business Broker, Coran Woodmass. He is a successful business broker with lots of tips on how to prepare to sell your business and how to get max value! He’s a wealth of knowledge and it’s a fantastic conversation.
4:40- Coran’s professional background
8:35- Advice for getting started on Amazon (acquiring a business)
10:00- Ideas for leverage when competing to buy a business
11:35- Strategic vs. Non-Strategic buyers
13:06- What kind of multiples are you looking at when you go to sell an FBA business?
15:04: When is a business ready to sell?
17:15- Brand building vs product launching
20:35- Do buyers usually want someone to stay on to manage the Amazon business?
22:00- How important is selling on multiple channels?
26:20- When should people start prepping to sell if that’s their goal?
28:00- What is Coran’s FBA Business Scorecard? (www.FBAscorecard.com)
29:35- What’s the different options you can choose when selling a business?
33:25- What’s one action step you can take to prepare to sell
(Podcast)- Truth About Exits
Quote: “We don’t put list prices on businesses. We let the market dictate what people are willing to spend.” -Coran Woodmass
Audio- 15:03- 16:02
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