Hardware Podcasts

157: Building Your Business to Sell with Bob Goldsmith, Founder & President of Northern Edge Advisors

Manufacturing Happy Hour · 17 Oct 2023 · 42m

What this episode covers

Bob Goldsmith, Founder and President of Northern Edge Advisors, explains how manufacturing business owners can increase their company's value by treating the business as an asset to be sold. He outlines key preparation steps, including professionalizing financials, building a competent management team, and mitigating customer concentration risks. Goldsmith discusses the importance of timing, noting that while market conditions fluctuate, having a 'sell-ready' mindset allows owners to capitalize on strategic buyers and private equity interest.

Most relevant to

established companies

Topics

Mentioned

Companies
Northern Edge Advisors, Garvin Industries, Southwire, 3M, Traction

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