I sold my firm about 5 years ago, and the rewards definitely made up for the tough moments. I know many firm owners dream of one day selling their own firm for a significant return.
If you’re one of them, I’d like to share 6 key reasons why buyers were particularly interested in my firm, and hopefully, they’ll offer some insights for your own journey.
Listen below.
0:35 I sold my firm just 5 years after starting it, taking it from scratch to sale in a relatively short time.
0:57 While I was earning well during my firm days, receiving a lump sum when the deal closed was something I never expected would happen in my life.
1:26 I believe one of the main reasons buyers were interested was our use of technology. I embraced cloud accounting before most other firms.
2:23 The second reason I believe our business was so appealing to buyers was our revenue model.
2:55 Our exceptional team is the third reason my firm was so attractive to buyers.
3:24 Having strong profits is the fourth reason. Many modern firms may be growing, but their bottom lines often show they are barely breaking even.
3:50 The fifth reason was our consistent year-over-year growth. During due diligence, buyers became even more interested when they saw our growth numbers.
4:04 And the final reason my firm was attractive to buyers is that we had a well-established marketing funnel in place.
