The Impact of Remote Workforces When Selling Your Business | Nathan Hirsch

The Wise Exit

Summary:

Nathan Hirsch, a serial entrepreneur, shares his journey of building and selling his company, FreeUp, which utilized remote workforces. He discusses the importance of having clean books and financials, as well as the value of virtual assistants and outsourced labor. Nathan emphasizes the need to hire the right level of talent, whether they are followers, doers, or experts. He also highlights the significance of building trust and relationships with your team and the importance of finding the right buyer who will treat your employees well. Overall, Nathan provides valuable insights into the M&A process and the benefits of remote workforces in business sales.

Takeaways:

• Having clean books and financials is crucial when selling a business.
• Hiring the right level of talent, whether followers, doers, or experts, is essential for success.
• Building trust and relationships with your team is important for a smooth transition during a sale.
• Finding the right buyer who will treat your employees well is crucial.

Chapters:

00:00 - Introduction

01:24 - Nathan's Background and Entrepreneurial Journey

09:47 - M&A Process and Due Diligence

23:13 - Outsourced Labor and Hiring Levels

32:22 - M&A Expertise and Considerations

36:16 - Key Takeaways

About The Nathan Hirsch:
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