Financially Simple

In episode 27 of Financially Simple, Justin looks at the process of selling your Business by Auction. Auctioning a Business is similar to auctioning a car or a cow - but there are some differences and things that a Business owner should consider. Justin goes over the basics of auctioning a Business for sale, how they work, what is needed, and whether or not an auction is the best tactic for selling your Business. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! TRANSCRIPT: What's The Best Way to Sell Your Business? Auction or Private Sale? – Post #27   TIME INDEX: 00:33 - Can I Get a Bid or Not? 02:52 - Selling Your Business by Auction 03:35 - Is this a Good Deal? 06:29 - How Does an Auction work? 09:37 - Should I Use an Auction? 10:45 - You Need a Plan in Place 12:23 - When Should You Use an Auction? 14:42 - Reasons Not to Auction 17:03 - In Summary For more in-depth reading about this podcast series, pick up a copy of Justin's new book: The Ultimate Sale