How to Do Diligence Confidently (Do Diligence Confidently Ep. 5)
Listen on Apple Podcasts, Spotify.
Show Notes
Emily Holdman and David Cover walk through how to use the Diligence resources found at www.permanentequity.com and why we hope this project helps more sellers navigate the diligence process confidently.
THIS PODCAST IS ACCOMPANIED BY MORE DILIGENCE RESOURCES AT:
https://www.permanentequity.com/diligence
CONNECT
Want to connect with Permanent Equity? https://www.permanentequity.com/contact
Sign up for a new daily newsletter from Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions
Follow founder & CEO Brent Beshore on X https://twitter.com/BrentBeshore
Sign up for our newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter
Visit https://www.permanentequity.com/ for more
TIMESTAMPS
0:00 Most People Will Only Navigate Diligence Once
1:21 Anyone Should Be Able to Navigate Diligence Confidently
2:16 Resources to Help You Diligence Confidently
3:08 The Checklist
4:33 Building Your Diligence Team
5:59 Essays
6:55 Downloadable Interactive PDF
8:09 Do Diligence Confidently
EPISODE CREDITS
Produced by David Cover
Music by Jees Guy
WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT
Visit https://www.permanentequity.com/ for more
Sign up for Permanent Playbook, our newsletter for operators in the field: https://www.permanentequity.com/newsletter
Sign up for Unqualified Opinions, a new daily newsletter from our very own Tim Hanson: https://www.permanentequity.com/unqualified-opinions
Check out our other podcast episodes here: https://www.permanentequity.com/audio
LEGAL DISCLAIMER
This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
Building Your Diligence Team (Do Diligence Confidently Ep. 4)
Listen on Apple Podcasts, Spotify.
Show Notes
Diligence requires a team effort. In Episode 4 of Do Diligence Confidently: Navigating the Due Diligence Process to a Deal, Emily Holdman and Taylor Hall give tips for how to assemble your team internally and how to hire external support from intermediaries and lawyers.
THIS PODCAST IS ACCOMPANIED BY MORE DILIGENCE RESOURCES AT:
https://www.permanentequity.com/diligence
CONNECT
Want to connect with Permanent Equity? https://www.permanentequity.com/contact
Sign up for a new daily newsletter from Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions
Follow founder & CEO Brent Beshore on X https://twitter.com/BrentBeshore
Sign up for our newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter
Visit https://www.permanentequity.com/ for more
TIMESTAMPS
0:00 Intro & Assembling Your “League of Gentlemen”
1:10 Who In Your Organization Are You Going to Involve?
1:55 Hiring Outside Advisors
6:28 Advice for Hiring a Lawyer
11:43 Advice for Hiring an Advisor or Intermediary
EPISODE CREDITS
Produced by David Cover
Music by Jees Guy
WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT
Visit https://www.permanentequity.com/ for more
Sign up for Permanent Playbook, our newsletter for operators in the field: https://www.permanentequity.com/newsletter
Sign up for Unqualified Opinions, a new daily newsletter from our very own Tim Hanson: https://www.permanentequity.com/unqualified-opinions
Check out our other podcast episodes here: https://www.permanentequity.com/audio
LEGAL DISCLAIMER
This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
The Process: From First Call to Close (Do Diligence Confidently Ep. 3)
Listen on Apple Podcasts, Spotify.
Show Notes
In Episode 3 of Do Diligence Confidently: Navigating the Due Diligence Process to a Deal, Emily Holdman and Tim Hanson explain what the process of selling your business looks like from the introductory call to close.
THIS PODCAST IS ACCOMPANIED BY MORE DILIGENCE RESOURCES AT:
https://www.permanentequity.com/diligence
CONNECT
Listen to the podcast David mentions on “How to Sell A Business in 2023” https://www.permanentequity.com/content/how-to-sell-a-business-in-2023
Want to start a conversation with Permanent Equity? https://www.permanentequity.com/contact
Sign up for a new daily newsletter from Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions
Follow founder & CEO Brent Beshore on X https://twitter.com/BrentBeshore
Sign up for our newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter
Visit https://www.permanentequity.com/ for more
TIMESTAMPS
0:00 Intro & Three Olds Talking About New Slang
1:41 Step 1: Information Gathering Conversations
3:30 Step 2: IOI (Indication of Interest Letter)
6:54 Step 3: Site Visit(s)
9:15 Step 4: LOI (Letter of Intent)
10:33 Step 5: Diligence
14:05 Step 6: The Business Deal
15:10 Step 7: Purchase Agreement
18:40 Step 8: Close (The Finish and the Starting Line)
20:22 What’s Next?
EPISODE CREDITS
Produced by David Cover
Music by Jees Guy
WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT
Visit https://www.permanentequity.com/ for more
Sign up for Permanent Playbook, our newsletter for operators in the field: https://www.permanentequity.com/newsletter
Sign up for Unqualified Opinions, a new daily newsletter from our very own Tim Hanson: https://www.permanentequity.com/unqualified-opinions
Check out our other podcast episodes here: https://www.permanentequity.com/audio
LEGAL DISCLAIMER
This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
How to Sell a Business in 2023
Apple Podcasts, Spotify, Youtube
Is 2023 a good time to sell a company? What is the market for a sale looking like in 2023 compared to the last few years? How does that inform what might lie ahead in the coming months or years? Tim Hanson and Emily Holdman talk about their perspective on the market and share why now is the best time to sell a company.
LINKS & MENTIONS FROM THIS EPISODE
Start a conversation with us https://www.permanentequity.com/sellers
Connect with Emily on LinkedIn https://www.linkedin.com/in/emilyholdman/
Connect with Emily on twitter https://twitter.com/emilyleldridge
Connect with Tim on LinkedIn https://www.linkedin.com/in/timothybhanson/
Connect with Tim on twitter https://twitter.com/timhanso
Sign up for a new daily newsletter from Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions
Connect with David on twitter https://twitter.com/DavidACover
Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/
Visit https://www.permanentequity.com/ for more
Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter
TIMESTAMPS
0:00 Intro
1:24 Market Conditions
5:38 Why 2023 is a Good Time To Sell
14:45 What Kind of Companies Do We Buy
16:40 Different Industry Conditions
19:00 You May Have a Business Model Problem
21:25 Reality Check
22:15 Should I Wait to Sell?
27:00 David Puts on His “Skeptical Skirt”
28:30 Why Do I Care Where You Get Your Money?
30:45 Conflict of Interest?
33:00 Instant Appraisal Tool
34:45 Privacy Concerns When Talking About My Business
39:22 What’s the Deal Process Look Like?
41:14 Lawyer Jokes
42:03 Who Is Our Biggest Competitor?
42:50 What Comes Next
44:14 Tim’s New Newsletter: Unqualified Opinions
EPISODE CREDITS
Produced by David Cover
Intro music by Andrew Camp, David Cover, Scott Johnson, Andrew Luley, & Dave Wilton
Outro music by Ghost Beatz
LEGAL DISCLAIMER
This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
