Nov 29, 2023
This week’s guest on Grow Money Business is Chris Younger. Chris is the CEO and co-founder of Class VI Partners, an investment bank in Denver, Colorado, specializing in assisting business owners in reaching their full potential during what is arguably the most difficult period of their lives. He is a graduate of Miami University and Harvard Law School and is also the author of the book ‘Harvest: The Definitive Guide to Selling Your Company’. Chris joined us today to talk about the things to be aware of when you are planning on stepping out of your business, what the first steps are, growing value, mistakes you make, the impact of inflation and interest rates, and more.
[05.00] Chris’s story – Chris starts the conversation by sharing his career progression.
[12.14] General wisdom – Chris shares some general wisdom for business owners when it comes to selling their businesses.
[19.20] Less dependent – Chris and Grant discuss the importance of your business being less dependent on you as a business owner.
[25.26] Landscape – Chris shares some important considerations for hiring a business broker.
[34.21] Private equity – Chris and Grant discuss how the current higher rate of inflation and interest impact private equity behavior.
[39.16] Timing – Chris discusses timing in selling a business: personal timing, business timing, and market timing.
[43.23] Stories – Chris stresses the importance of in-depth planning for getting out of your business.
Resources
NAVIGATE FROM SCALABLE TO SALEABLE
Harvest: The Definitive Guide to Selling Your Company
amazon.com/Harvest-Definitive-Guide-Selling-Company/dp/1432712306
ITR Economics