Mike Marks: Why You Should Think About Buying, Selling, or Merging
IEDA Podcast · Kim Phelan; Mike Marks
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Show Notes
Some experts are predicting that the second half of 2024 through 2026 are going to be strong economic years. This month's podcast guest, distribution expert Mike Marks, believes it could be an opportune time to expand through acquisition or merger, or to exit the business profitably, depending on your strategy. He also says there are great advantages available to the independent dealer on both sides of an M&A deal, and in this month's interview he highlights the benefits to buyers and sellers.
And none of it is as hard as you might think. He strongly recommends spending a couple of hours a week – no more than two bottles of beer in one sitting – educating yourself and understanding the process. He's already done the math, which he shared during a presentation at the IEDA Annual Meeting Business Program, and we're happy to share the slides…simply send an email to [email protected].
Mike also goes through key ways to prepare your business for sale to get the maximum price, and how to navigate choosing your own buyer confidentially in a very interconnected industry – or a business you want to buy.
Listen in to get your mind around the journey and how to get started.
Indian River Consulting Group Website
Produced By: Social Chameleon