M&A Unplugged
Jonathan Banta: Lessons From Multiple Business Transactions – Ep. 009
- Autor: Vários
- Narrador: Vários
- Editora: Podcast
- Duração: 0:44:20
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Sinopse
In this episode, Domenic and Jonathan Banta discuss: Jonathan's experience in preparing and selling business The importance of earn outs when creating a partner relationship What he learned from previous transactions of businesses about sale process, diligence, and integration How to streamline the process of collaborating different businesses. Key Takeaways: There was a seamless integration due to familiarity and synergistic relationships Need to select the appropriate partner and make sure values and ideas are aligned with your partner, as to prevent remorse Be happy with what you get with clients and assume you will not get an earn out, if you are okay with that result, go forward with that partnership There are consequences when selecting the wrong partner "The crude math equation for a professional services company back then was roughly 1 times revenue and generally what you are fighting for a scenario like that is how much of it is upfront and how much of it is earn out." — Jonatha