Boss Talk: Selling Businesses with Jim Parker and Carey Sobel | EP 18 | Financials: The Cornerstone of Selling Your Business

Welcome back to another episode of Boss Talk: Selling Businesses with Jim Parker and Carey Sobel!

In this episode of Boss Talk, hosts Jim Parker and Carey Sobel delve into the critical role of financials when selling a business. They emphasize that organized and accurate financial statements are crucial from the initial listing to the final closing. Topics include the importance of clean financial records, how personal and one-time expenses impact the valuation, and the differences between EBITDA and discretionary earnings. They also discuss variable vs. fixed expenses, seasonality, and why only seasoned business brokers or business appraisers should conduct business valuations. Join Jim and Carey as they shar ...