Jim Cumbee Recap: Highlights from the Interview

Welcome back to another recap episode! In our previous interview with Jim Cumbee, experienced business intermediary and President of Tennessee Valley Group, we spoke to him about making your business irresistible to buyers. He shared with us how a business is quantitatively valued using a metric called EBITDA, how you can increase your company’s value, and why strong businesses don’t always sell. In this recap, we go over our favorite takeaways from that interview, including building a business that operates without you, the dichotomy between selling a great business and wanting to keep it, recurring revenue, and applying these thought processes to purchasing rather than selling, as well as just having fun and making some money along the way, and the value of having an extensive contact base. Tune in today!