Chad Peterson is an expert business broker and the founder of Peterson Acquisitions, an award winning M&A firm. Chad’s firm handles transactions in $1 million to $25 million range, with some deals exceeding $25 million.
He works with companies all over the United States and has completed international deals as well. Peterson Acquisitions was recently named by one publication as the #1 ranked business broker in the United States. What sets Chad apart from all other business brokers is his aggressive style, work ethic and tenacity that are rooted in his humble beginnings.
Chad is a self-made entrepreneur that has been in the trenches. He has started, built and sold 6 of his own businesses. Chad wrote the book “From Blue to White: A Working Man’s Guide to Self-Employment”. Bestselling author Scott Alexander of “Rhinoceros Success” wrote the foreword. He also wrote the book “Swinging Doors: A Guide to Selling Your Company” and is the host of the podcast: Business Brokers: Buying, Selling & Growing Businesses.
During this show we discuss:
- Things to think of from the beginning of your business to have the best plan of selling
- Why you shouldn’t get emotionally attached to your business
- Are some businesses worth more than others
- The success in selling your business
- The right time to sell your company
- The best way to go about determining a fair market value for selling your company
- What you should do from the beginning to make your business worth more
- Why you shouldn’t worry about paying down debt before you sell
- The importance of the ‘transition’ stage when buying or selling a business
- Three challenges bound to pop up after buying a business
- 5 pitfalls to avoid when selling a business
- Some of the redeemable assets in selling a business
- What you should tell employees before you sell
- Some of the ‘must-sell’ assets in selling a business
- How to put a fair sales price for your business
- Why you should care who buys your business
- The first way to make a great first impression when selling a business
- Determining the worth of your business
- How a buyer gets financing to buy
- What to do after selling your business
- Why you should use a broker to sell your business
- The importance of having a professional broker handle the selling process