Michelle Seiler Tucker is back on the show this week to discuss how higher interest rates have impacted the market climate for business sales. Michelle is the best selling author of Exit Rich and has been in the M&A business for over 20 years (selling over 1,000 business over that time frame). She shares a few basics of what business owners can do now to set themselves up for future success, as well as how the buyer’s perspective has changed.
We also cover some market news. Gamestop has been in the news recently after Keith Gill, aka “Roaring Kitty” posted screenshots of his holdings and announced a YouTube livestream last week. Gamestop proceeded to make a surprise earnings announcement, in addition to a secondary share offering after seeing it’s price jump over the last two weeks.
Show Notes
[06:15] Article of the Week – Meme-stock mania.
[13:45] Investing in GameStop – Grant explains the state of GameStop from an investment perspective.
[22:00] Exit Rich – Michelle talks about her book, “Exit Rich: The 6 P Method to Sell Your Business for Huge Profit.”
[25:35] Interest rates – Michelle explains what higher interest rates mean for small and medium-sized businesses.
[32:14] Equity funds – The state of private equity funds for the last 12 months.
[40:53] Seller myths – Michelle talks about the unrealistic expectations of business owners.
[49:22] Revenue streams – Grant and Michelle discuss the importance of having more than one revenue stream in a business.
[56:07] The advice – Michelle explains why it is good to learn from a mentor.
Resources
Meet the ‘Degen’ Traders Fueling the Latest Meme-Stock Mania
wsj.com/finance/stocks/degen-stock-crypto-trading-market-trend-69d12a56
Book by Michelle Seiler Tucker
Exit Rich: The 6 P Method to Sell Your Business for Huge Profit
amazon.com/Exit-Rich-Method-Business-Profit/dp/1732510288