How to Get Ready to Sell a Business You’ve Owned for Many Years

About the Episode

In this podcast, we talked to Michael Meagher, the founder and president of MWM Associates in Edina, Minnesota and a certified business appraiser. Mr. Meagher has over 30 years of experience in the areas of financial management and analysis. He explained the importance of a mature age business owner obtaining accurate financial records and a valuation to determine a realistic sales price for the business.

In this Episode

1:15 Michael Meagher’s background and what he does at MWM Associates.
6:22 Do business owners tend to have a realistic idea about the value of their company before the sale?
8:16 What are some recommendations for owners to improve the value of their business?
10:42 Do some owners need to spend more time getting their businesses ready to sell?
13:34 What are some of the concerns or issues unique to owners who have owned their business for 30, 40, 50 years, or more, when they are thinking about selling or making their succession plans?
18:04 What are the three main approaches to valuing a business?
23:43 Are there any adjustments that need to be made, as an appraiser, to the cash flow that’s reported on the income statement?
28:01 Advice for someone who is considering selling a business for the first time.

Meet Our Guest

Michael Meagher

Michael Meagher

President at MWM & Associates

In this podcast, we talked to Michael Meagher, the founder, and president of MWM Associates in Edina, Minnesota, and a certified business appraiser. Mr. Meagher has over 30 years of experience in the areas of financial management and analysis. He explained the importance of a mature-age business owner obtaining accurate financial records and a valuation to determine a realistic sales price for the business.

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