Inside the Deal: Journeys in Business Acquisition | The MKB Podcast | Episode 62

Link to video podcast episode:

🎙️ In this insightful episode, host Jen Fizer and her guests, Micah and Drew Clukey, dive deep into the nuances of buying and selling businesses. 💼 The discussion highlights the importance of leveraging personal networks and the unique value brokers can bring in specific situations. It also covers crucial considerations when partnering in business, such as assessing compatibility and understanding the financial implications. Real-life experiences and lessons are shared, including the significance of thorough due diligence and surrounding yourself with a solid advisory team. Perfect for aspiring business owners, this episode is packed with practical advice and firsthand stories! 👥📊

00:00 Introduction: The Fun Side of Business Ownership
00:16 The Power of Networking in Business Deals
01:08 The Role of Brokers in Unique Business Transactions
02:40 Drew's Journey: Buying into a Family Business
03:58 Structuring Business Partnerships and Roles
07:21 The Importance of Due Diligence in Business Partnerships
11:51 Final Advice on Buying and Selling a Business
15:17 Conclusion and Farewell 🙌📈

To connect with our guests, please visit:
https://www.clukeyandtebault.com/

Don't forget to subscribe for the latest podcast episodes and more from @mkbcfo

Do you have your own financial questions for MKB? Please visit:
Website: https://mkbcfo.com
Instagram: https://www.instagram.com/mkb_cfo/
Facebook: https://www.facebook.com/mkbcfo
LinkedIn: https://www.linkedin.com/company/mkbcfo

#millsknowsbills #mkb #financialpodcast #fractionalcfo #businessfinance #businessowner #businesssales #businessacquisition #businesspartnership

Behind the Buy: Business Acquisition Insights | The MKB Podcast Episode 61

Link to video podcast episode: https://youtu.be/YFDm_fKlNhQ

👉Join host Jen Fizer for her debut episode on the MKB podcast! Jen, now also the new CEO of MKB, welcomes Micah and Drew Clukey of Clukey and Tebault to discuss the intricacies of business acquisitions. 🎙️ The conversation covers essential steps in the due diligence process, the importance of having a solid foundation for financial management 📊, and the challenges and opportunities in selling to private equity firms or individual buyers. Drawing from their own experiences and client interactions, the guests provide valuable advice for ensuring a smooth and successful business acquisition. Whether you're buying or selling, this episode is packed with insights to help you navigate the complexities of the acquisition process! 🌟

📌Tune in next week for part 2!

00:00 Introduction and Host's First Episode
00:12 Meet the Guests: Micah and Drew Clukey
00:35 Business Acquisitions: Key Insights
01:07 The Importance of Due Diligence
02:33 Foundations for Business Success
08:10 Private Equity and Business Sales
08:41 Steps to Prepare for Selling Your Business
12:35 Challenges of Selling to Private Equity
13:50 Selling to Individual Buyers
16:38 Real-Life Business Sale Examples
21:06 Connecting Buyers and Sellers

To connect with our guests, please visit:
https://www.clukeyandtebault.com/

Don't forget to subscribe for the latest podcast episodes and more from
@mkbcfo

Do you have your own financial questions for MKB? Please visit:
Website: https://mkbcfo.com
Instagram: https://www.instagram.com/mkb_cfo/
Facebook: https://www.facebook.com/mkbcfo
LinkedIn: https://www.linkedin.com/company/mkbcfo

#millsknowsbills #mkb #financialpodcast #fractionalcfo #resilience #consistiency #businessfinance #businessowner #businessacquisition

Profit Pitfalls: Overcoming Financial Missteps | The MKB Podcast Episode 60, Season 7

Welcome back to another episode of The MKB podcast! In this episode, host and current CEO of MKB, Mills Bender, is joined again by entrepreneur Trevor Cowley. Together, they dive into the critical aspects of business finance, accounting, and bookkeeping. Trevor shares his extensive experience across various industries, emphasizing the importance of detailed financial oversight. They discuss common issues like business owners not keeping track of finances, the challenges at different levels of business growth, and the essential need for accurate bookkeeping. This episode is packed with real-life insights and horror stories about financial mismanagement, aiming to help you avoid costly mistakes. Join us and learn how proactive financial management can save you money and stress!

00:00 Introduction and Guest Introduction
00:29 Trevor's Business Background
01:36 Challenges in Business Finances
04:38 Importance of Accurate Bookkeeping
06:01 Common Bookkeeping Mistakes
12:08 Conclusion and Final Thoughts

To connect with Trevor:
Instagram: https://www.instagram.com/realbusinessowners/
Website: https://joinrbo.com/

Don't forget to subscribe for the latest podcast episodes and more from @mkbcfo

Do you have your own financial questions for MKB? Please visit:
Website: https://mkbcfo.com
Instagram: https://www.instagram.com/mkb_cfo/
Facebook: https://www.facebook.com/mkbcfo
LinkedIn: https://www.linkedin.com/company/mkbcfo

#millsknowsbills #mkb #financialpodcast #fractionalcfo #resilience #consistiency #businessfinance #businessowner