E146: Damon Pistulka Discusses Mergers and Acquisitions in the Current Economy

"This episode was brought to you by Reconciled.com. Helping M&A Entrepreneurs just like you with Bookkeeping, CFO & Controller Services, Outsourced Enterprise Accounting and Tax Services. Reconciled.com"

Watch it on Youtube: https://youtu.be/N2pXfxdgqJo

About The Guest(s): Damon Pistulka is the founder of Exit Your Way and has extensive experience in mergers and acquisitions, selling businesses, and helping founders build their business legacies. With a background in engineering and manufacturing, Damon has a deep understanding of operational evaluation and value growth strategies.

Summary: Damon Pistulka, founder of Exit Your Way, shares his origin story and how he got into the mergers and acquisitions space. He discusses the importance of preparing a business for sale and the need for a long-term strategy. Damon emphasizes the value of leveraging technology, such as AI and automation, in industries like e-commerce and healthcare. He also highlights the impact of the current economy on the buyer pool and the need for businesses to adapt to changing market conditions. Damon and Ronald Skelton explore the different tiers in the market and how businesses can increase their value by working with professionals like Damon. They also discuss the benefits of strategic buyers and the potential for cross-selling and customer acquisition. Damon provides valuable resources on his website for business owners looking to sell and encourages them to seek multiple opinions when it comes to selling their business.

Key Takeaways:

• Preparation is key when selling a business, and it is important to have a long-term strategy in place.
• Leveraging technology, such as AI and automation, can significantly improve efficiency and quality in industries like e-commerce and healthcare.
• Businesses can increase their value by working with professionals who can help them reach higher revenue thresholds and attract private equity firms.
• Strategic buyers offer additional benefits, such as access to a larger customer base and the potential for cross-selling and repurposing existing customers.
• Seeking multiple opinions and doing thorough research is crucial when it comes to selling a business.

--------------------------------------------------
Contact Damon on
Linkedin: https://www.linkedin.com/in/damonpistulka/
Website: http://www.exityourway.us/
--------------------------------------------------
How2Exit Joins IT ExchangeNet's Channel Partner Network!

-Why IT ExchangeNet?
Since 1998, IT ExchangeNet has created $5 billion in value by selling more than 225 IT businesses in 20 countries. IT ExchangeNet works exclusively with IT-enabled businesses generating between $5M and $30M who are ready to be sold, and M&A decision-makers who are ready to buy. For over 25 years IT ExchangeNet has developed industry knowledge that helps them determine whether a seller is a good fit for their buyers before making a match.

"Out of all of the brokers I've met, this team has the most experience and I believe the best ability to get IT service businesses sold at the best price" - Ron Skelton

The IT ExchangeNet M&A Marketplace we partnered with has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms, and channel partners in the Microsoft, Oracle, ServiceNow, and Salesforce space.

If you are interested in learning more about the process and current market valuations, complete the contact form and we’ll respond within one business day. Everything is kept confidential.

Are you interested in what your business may be worth? Unlock the value of your IT Services firm, visit https://www.itexchangenet.com/marketplace-how2exit and complete the contact form.

Our partnership with IT ExchangeNet focuses on deals above $5M in value. If you are looking to buy or sell a tech business below the $5M mark, we recommend Flippa.
--------------------------------------------------
💰If you’d like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/

►Visit Our Website: https://www.how2exit.com/

📧For Business Inquiries: Me@4sale2sold.com

Don't Forget to SUBSCRIBE to the How2Exit channel and press (🔔) to join the Notification Squad and stay updated with new uploads.✨

👇🏻SUBSCRIBE HERE https://www.youtube.com/channel/UC_ONnhwaKSTPFt2nOxKoXXQ?sub_confirmation=1

Stay Tuned On Our Social Media :
» Linkedin - https://www.linkedin.com/in/ronskelton/
» Twitter - https://twitter.com/ronaldskelton
» Facebook - https://www.facebook.com/How2Exit
» Newsletter - http://deeper.how2exit.com/

#How2Exit # # 💖Thanks for watching! 💖

Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.