Many small business owners dream of building and sell their business for a huge multiple of the annual revenue. However, the dream and the reality can be very different. The best businesses, especially eCommerce businesses, are built for long term sustainability, not built exclusively to be sold. That's why it is so important to keep your small business in excellent financial shape and run it like you plan to keep it forever. In this video we cover some strategies for how to set your eCommerce business up to sell. We point out when it might make sense to sell your business and when it might not make sense to sell your business. We also look at current trends in the acquisition of businesses and what obstacles you might face as you begin the process of looking for buyers.
00:00 - Introduction 00:14 - Why you shouldn't sell your business 00:35 - When you should sell your business 01:00 - What attracts buyers 01:24 - The trap of "building to sell" 02:15 - Building a long term business 02:48 - Trends in the sale of small ecommerce businesses 04:00 - EBITDA multiples 04:40 - Advice to get the maximum return on the sale of your business 05:35 - What happens after you sell your business 06:44 - The best way to sell your business
Create Something With Onramp is brought to you by Onramp Funds. We are a different kind of lender, specializing in helping eCommerce sellers grow. On this channel, we have assembled experts in a variety of eCommerce selling areas like shipping, inventory management, legal, marketing, Amazon, BigCommerce, Shopify, and more. The goal of Create Something With Onramp is to build a community of sellers on Youtube by answering questions and providing value to everyone who watches and subscribes.
At Onramp Funds, we work for you, not the other way around, and we provide expertise and close partnerships with you to optimize every part of your business. We don't succeed unless you succeed. Our loans are different from the loans of traditional lenders because we look at your sales history, never your personal credit. Once you've accepted your cash, Onramp lets you pay us back when your inventory sells.
Check out https://www.onrampfunds.com to learn more about how Onramp Funds can help your eCommerce business grow and succeed!
