The Financial Operator Podcast: Cash In, Chaos Out | Ep. 64 | Selling Businesses With Purpose & Profit
Link to video podcast episode: https://youtu.be/2_N758pI-DM
Empowering Women in M&A: Rachel Boynton's Inspiring Journey 💼✨
🎙️ Welcome to the Financial Operator Podcast: Cash In, Chaos Out! Join host Jen Fizer as she talks with Rachel Boynton, a former human services worker turned business broker, about her journey from starting a home care service to building her own M&A firm. Rachel shares insights on how to prepare a business for sale, avoid common pitfalls, and the importance of tracking finances. She also delves into her mission to empower women business owners in an industry dominated by men. Rachel offers invaluable advice for business owners looking to sell, including real-life experiences and challenges faced during the process. Don't miss out on this detailed discussion packed with practical tips and inspiration! #BusinessBroker #WomenInBusiness #Entrepreneurship
00:00 Introduction and Guest Introduction
00:29 Rachel's Background and Journey into Human Services
01:12 Founding and Growing Life Share
01:38 Selling Life Share and Corporate Experience
02:07 Transition to M&A and Empowering Women Owners
03:24 Challenges and Lessons from Selling a Business
07:08 Importance of Financial Literacy for Business Owners
09:32 Navigating the Sale Process and Valuation
19:13 Preparing for Unexpected Challenges
25:52 Understanding Different Types of Brokers
34:11 Organizing Your Business for Future Sale
34:53 Personal Experience with Home Resale
36:01 Preparing Your Business for Sale
36:57 Financial Records and Business Valuation
37:50 The Importance of Planning Ahead
39:00 Navigating Buyer Expectations
41:04 Understanding Add-Backs and Working Capital
50:38 The Role of a Boutique Firm in Selling Your Business
52:59 Post-Sale Transition and Earnouts
01:01:46 Final Thoughts and Contact Information
#mkb #financialpodcast #financialoperator #businessowner #entrepreneurship #businessbroker #womeninbusiness #womeninleadership #womenentrepreneurs
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