<span class="cursor-pointer"><a> More </a></span></div></div></div></header><!----><div class="vs-card--content"> <div data-v-93e715f0><!----> <!----> <!----> <!----> <div data-v-fe4035fa data-v-93e715f0><a class="invisible lg:visible cursor-pointer text-grey text-lg" style="position: absolute; margin-left: -110px" data-v-fe4035fa><b data-v-fe4035fa>00:00:01</b></a> <div class="segment-text text-justify" data-v-fe4035fa>Yeah, yeah. Hi robert Hertz from Freedom Factory here. And one of the questions that we get most often is what is my business worth. And if you like me, most entrepreneurs are so interested in growing their business that you know what it's worth, doesn't really come up that often and you know I always focus on growing sales and I figure if I grow sales, you know and I run it efficiently, the business is going to get better and it's going to be worth more and in general that's right. But it doesn't answer the question of what it's worth and most entrepreneurs say, okay where do I begin? And so when I think of where do I begin? I always think of earnings. A lot of people talk about the Byetta which is for taxes and that can be adjusted into cellars, discretionary cash flow. You figure out how much, you know your business is is worth based upon how much it turns and it depends there's a lot of factors, you know what industry area and how long has it been around? Do you have a customer concentration issue? What that means is do you get 80% of your sales from Walmart or do you get no more than 20% from anyone customer.</div> <br data-v-fe4035fa></div><div data-v-fe4035fa data-v-93e715f0><a class="invisible lg:visible cursor-pointer text-grey text-lg" style="position: absolute; margin-left: -110px" data-v-fe4035fa><b data-v-fe4035fa>00:01:09</b></a> <div class="segment-text text-justify" data-v-fe4035fa>And there's a lot of intangibles that go into it. But if you have a a smaller business, let's call it a million and earnings Um in general it's worth roughly 3-5 times earnings. Now that is super rough and it gives you just kind of a thumbnail that you can use and of course we can answer it in more detail when we look at it. But what that means is if, let's say you have a customer concentration issue, let's say you have, you know what whatever it may be, you have some, you know, you have some competitors that are taking business away from me aggressively, you're probably going to be on the bottom end of that now if you have some intellectual property that's defensible or if you have, if you've been around for an awful long time or if you have some sustainable competitive advantage, you know, the way I like to think of it is how big is the moat around the business or how big is the moat protecting you, then you're going to be on the upper side of that? So there's always a range and the intangibles really take you up and down that range. Now.</div> <br data-v-fe4035fa></div><div data-v-fe4035fa data-v-93e715f0><a class="invisible lg:visible cursor-pointer text-grey text-lg" style="position: absolute; margin-left: -110px" data-v-fe4035fa><b data-v-fe4035fa>00:02:10</b></a> <div class="segment-text text-justify" data-v-fe4035fa>A big fear that a lot of entrepreneurs have is what if I undervalue my business, you know, when I go to sell it and this is my largest asset for a lot of people, they say the home is the largest purchase you're going to make. Now, if you're an entrepreneur like me, that's not exactly true. It's your business and buying your business and selling your business and you're trying to think specifically, hey, how do I not leave money on the table and conversely you don't want to over price it and get people not interested. So, you know, getting to a really good market value is very important. It's essentially how do you find, you know, how do you put the right team together and make sure that you're pricing it according to market conditions? You know, there's a lot of intangibles that happened. You know, for example, let's say, let's see the tax environments going to change. Maybe we're going to have a new president this year, maybe we're going to maybe have some tax reform going through that's going to affect long term capital gains. Well, that might make you want to close before the end of the year. And so sometimes when we have those artificial either floors or ceilings, they really affect our market timing.</div> <br data-v-fe4035fa></div><div data-v-fe4035fa data-v-93e715f0><a class="invisible lg:visible cursor-pointer text-grey text-lg" style="position: absolute; margin-left: -110px" data-v-fe4035fa><b data-v-fe4035fa>00:03:15</b></a> <div class="segment-text text-justify" data-v-fe4035fa>So we want to stay pretty focused on that. But in general to me, there's appraisers and appraisers are really good for, for state sales, you know, for things where nobody is running it. But the problem with appraised value, especially in small business Is nobody's willing to write a check for that. So if an appraiser says your business that makes $1 million five million and no one's willing to write a check for that, it doesn't do you a lot of good. So for me, I buy and sell businesses full time, it's all I do. Um, I would trust a full time business broker that. All they do is focus on comparable sales in the last six months with businesses similar to yours. And I would really focus on market data because almost nowhere else is market pricing more important than small business. And the importance of a broker is pretty significant here because you know, let's say you're selling your house, let's say you have the best broker in your area as opposed to an average broker. Well he might be able to get you five or 10% more and the reality is the appraiser is going to come in and they're going to give you an appraisal value and you're not going to be able to sell it for more.</div> <br data-v-fe4035fa></div><div data-v-fe4035fa data-v-93e715f0><a class="invisible lg:visible cursor-pointer text-grey text-lg" style="position: absolute; margin-left: -110px" data-v-fe4035fa><b data-v-fe4035fa>00:04:25</b></a> <div class="segment-text text-justify" data-v-fe4035fa>So in some ways, real estate is more of a commodity, but businesses, you know, I mean for example, you can change from even at a seller's discretionary cash flow if you have a range like we used before from 3 to 5 times earnings. You know, if you can get a broker that gets you away from three and gets you towards five and your business makes a million dollars, you just made a million and a half more and you know, with the effective 23% tax rate. That's awesome. That's $1 million dollars more in your pocket. Or for example, uh you know, sometimes I worked with businesses that are in the wrong industry classification and maybe they started off there, but maybe they've evolved as your business has grown over the last five or 10 years to a totally different industry classification. So it's taking it to market, putting a story together, maximizing the sale of your business. Those are the things that are really important when you think about selling it. I hope this is helpful for getting what it's worth. If you want to call us over at Freedom Factory or if we can give you any help whatsoever, we love to do it. So please hit like and subscribe.</div> <br data-v-fe4035fa></div><div data-v-fe4035fa data-v-93e715f0><a class="invisible lg:visible cursor-pointer text-grey text-lg" style="position: absolute; margin-left: -110px" data-v-fe4035fa><b data-v-fe4035fa>00:05:27</b></a> <div class="segment-text text-justify" data-v-fe4035fa>Thanks for watching and we'll see you soon.</div> <br data-v-fe4035fa></div></div></div><!----><!----></div></div></div> <div class="player shadow-lg p-4 px-6 player-public" data-v-7cb7ef51 data-v-93e715f0><div class="vs-row" style="display:flex;width:100%;" data-v-7cb7ef51><div class="vs-col lg:flex md:hidden sm:hidden xs:hidden vs-xs- vs-sm- vs-lg-" style="justify-content:center;display:flex;align-items:center;margin-left:0%;width:25%;" data-v-7cb7ef51><div class="flex justify-between items-center" data-v-7cb7ef51><div class="mr-3" data-v-7cb7ef51><img src="https://ssl-static.libsyn.com/p/assets/0/3/0/e/030e0e7fe0e927cb/What_is_My_Business_Worth.jpg" class="image rounded-lg" data-v-7cb7ef51></div> <div data-v-7cb7ef51><div class="text-md font-bold leading-none mb-1 audio-title truncate" data-v-7cb7ef51> What is Your Business Worth? 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Videos and podcasts available for entrepreneurs to learn how to properly assess the value of their business and time the sale accordingly. Tyler Tysdal is a managing partner and business broker at Freedom Factory in Denver Colorado, helping entrepreneurs sell their businesses for maximum value. The Partners at Freedom Factory each have a minimum of 20 years of entrepreneurial experience, and our passion is “helping the helpers” by putting resources in the hands of our fellow producers to radically. Tysdal has years of experience as a private equity fund manager managing millions of dollars from investors in the sports and entertainment industries. Tyler Tysdal has operated Impact Opportunities Fund, Cobalt Sports Capital, and TitleCard Capital. Managing director of Tivis Ventures and Platte Management. Tyler T. Tysdal is a distinguished alumni from North Platte High School and graduated in 1989. Tysdal graduated from Harvard Business School with his MBA.",autoIndex:b,transcriptionsArePublic:c,publicSearchEnabled:c},startsFrom:g,transcription:{transcription:[{text:"Yeah, yeah. Hi robert Hertz from Freedom Factory here. And one of the questions that we get most often is what is my business worth. And if you like me, most entrepreneurs are so interested in growing their business that you know what it's worth, doesn't really come up that often and you know I always focus on growing sales and I figure if I grow sales, you know and I run it efficiently, the business is going to get better and it's going to be worth more and in general that's right. But it doesn't answer the question of what it's worth and most entrepreneurs say, okay where do I begin? And so when I think of where do I begin? I always think of earnings. A lot of people talk about the Byetta which is for taxes and that can be adjusted into cellars, discretionary cash flow. You figure out how much, you know your business is is worth based upon how much it turns and it depends there's a lot of factors, you know what industry area and how long has it been around? Do you have a customer concentration issue? What that means is do you get 80% of your sales from Walmart or do you get no more than 20% from anyone customer.",timestamps:[1.64,a,2.44,a,3.74,4.13,4.63,4.78,4.9,5.13,5.49,a,5.97,6.45,6.59,6.65,6.74,7.26,7.4,7.53,7.83,8.19,8.66,9.11,9.74,9.87,10.01,10.37,a,10.98,12.24,12.33,12.44,12.65,a,12.83,13.1,13.76,13.9,14.16,14.5,14.59,15.02,15.17,16.01,16.4,16.49,16.61,16.79,16.92,a,17.2,17.64,17.91,18.12,18.25,18.44,19.34,20.2,20.37,20.59,20.78,21,21.31,21.43,21.71,22.07,22.17,22.21,22.42,22.51,22.57,22.81,a,24.04,24.11,24.19,24.28,24.32,24.53,24.61,a,25.39,25.55,25.89,26,26.17,26.23,26.35,26.68,26.83,26.96,27.1,27.16,27.25,27.5,27.83,28.07,28.22,29.14,29.49,a,29.81,30.06,30.13,30.45,30.72,30.81,31.34,31.69,31.97,32.1,32.56,33.64,33.96,34.45,a,34.77,35.28,35.6,35.72,35.81,a,36.94,37.24,37.79,37.98,38.06,38.28,38.59,38.81,38.9,38.99,a,39.35,39.46,39.68,39.82,39.91,a,40.49,40.9,41.05,41.11,41.3,41.47,41.76,41.85,42.12,42.33,42.44,42.59,43.25,43.76,43.91,44.03,44.16,44.68,44.89,a,45.24,45.85,46.17,a,46.61,46.75,46.99,47.1,47.3,a,47.8,47.95,48.08,48.24,48.67,49.05,49.44,50.44,51.11,51.36,51.48,51.64,51.71,52.22,53.34,53.53,54.05,54.19,54.25,54.4,54.46,a,54.93,55.02,55.17,55.39,55.88,56.36,56.54,56.7,56.96,57.09,57.18,57.32,a,58.44,58.59,58.66,58.76,58.82,59.22,59.96,a,60.71,61.16,61.36,61.68,62.1,62.44,62.53,62.68,63.29,63.38,63.82,64.12,64.26,64.75,65.51,65.69,65.76,65.97,66.16,66.42,66.56,67.18,67.34,67.69,a],offset_from_start:1},{text:"And there's a lot of intangibles that go into it. But if you have a a smaller business, let's call it a million and earnings Um in general it's worth roughly 3-5 times earnings. Now that is super rough and it gives you just kind of a thumbnail that you can use and of course we can answer it in more detail when we look at it. But what that means is if, let's say you have a customer concentration issue, let's say you have, you know what whatever it may be, you have some, you know, you have some competitors that are taking business away from me aggressively, you're probably going to be on the bottom end of that now if you have some intellectual property that's defensible or if you have, if you've been around for an awful long time or if you have some sustainable competitive advantage, you know, the way I like to think of it is how big is the moat around the business or how big is the moat protecting you, then you're going to be on the upper side of that? So there's always a range and the intangibles really take you up and down that range. Now.",timestamps:[69.05,69.27,69.42,69.48,69.71,69.79,70.49,70.62,70.8,71.06,a,71.22,71.44,71.58,71.75,72.01,72.64,72.73,73.27,a,73.7,73.9,74.15,74.27,74.78,75.14,75.28,76.14,76.5,76.68,77.07,77.22,77.54,78.3,79.19,79.47,a,79.91,80.71,81.12,82.13,82.71,83.17,83.72,83.93,84.13,84.34,84.65,84.79,84.85,84.91,85.35,85.49,85.6,85.75,86.64,87.03,87.12,87.36,87.48,87.61,87.91,88,88.06,88.23,88.66,88.77,88.88,89.11,89.3,a,89.47,90.14,90.3,90.46,90.74,91.06,a,91.84,92.09,92.23,92.34,92.47,92.52,92.89,93.6,a,93.88,94.11,94.33,94.45,a,95.94,96.08,96.21,96.45,96.85,96.98,97.16,a,97.41,97.52,97.67,a,98.19,98.38,a,98.56,98.78,98.92,99.08,99.85,99.95,100.02,100.31,100.6,100.77,100.91,101,a,101.76,102.2,102.51,102.63,102.69,102.77,102.84,102.92,103.28,103.43,103.5,103.97,104.26,104.4,104.5,104.68,105.44,106.03,106.57,106.81,108.04,109.09,109.32,109.49,a,110.01,110.14,110.26,110.4,110.79,110.88,110.97,111.27,111.55,112.17,112.68,113.09,113.19,113.44,113.8,114.51,114.95,a,115.62,115.71,a,115.88,116.06,116.21,116.28,116.45,116.52,116.71,116.8,116.9,117.15,117.67,117.9,118.03,118.15,118.68,119.03,119.11,119.44,119.53,119.64,119.8,119.87,119.96,120.16,120.6,a,121.06,121.38,121.51,121.64,121.72,122.07,122.57,122.76,123.14,123.51,123.6,a,124.34,124.59,124.78,125.08,125.16,125.69,126.07,126.18,126.83,127.04,127.25,127.39,127.63,127.8,128.14,128.39,a,129.64,a],offset_from_start:69},{text:"A big fear that a lot of entrepreneurs have is what if I undervalue my business, you know, when I go to sell it and this is my largest asset for a lot of people, they say the home is the largest purchase you're going to make. Now, if you're an entrepreneur like me, that's not exactly true. It's your business and buying your business and selling your business and you're trying to think specifically, hey, how do I not leave money on the table and conversely you don't want to over price it and get people not interested. So, you know, getting to a really good market value is very important. It's essentially how do you find, you know, how do you put the right team together and make sure that you're pricing it according to market conditions? You know, there's a lot of intangibles that happened. You know, for example, let's say, let's see the tax environments going to change. Maybe we're going to have a new president this year, maybe we're going to maybe have some tax reform going through that's going to affect long term capital gains. Well, that might make you want to close before the end of the year. And so sometimes when we have those artificial either floors or ceilings, they really affect our market timing.",timestamps:[130.37,130.47,130.68,131.05,131.18,131.22,131.4,131.46,131.94,132.2,132.84,133.11,133.22,133.29,133.93,134.06,a,134.59,134.78,a,134.86,134.96,135.02,135.14,135.23,135.44,135.94,136.83,137.03,137.13,137.25,137.61,138.06,138.28,138.33,138.53,138.59,a,138.84,138.98,139.14,139.25,140,140.15,140.24,140.62,140.91,141,141.12,141.18,a,142.04,a,142.39,142.53,142.66,142.75,143.17,143.42,a,144.32,144.52,144.69,145.1,a,145.65,145.94,146.05,146.46,146.75,147.35,147.46,147.81,147.94,148.29,148.4,149.34,149.84,150.01,150.31,150.39,150.76,a,151.56,a,151.83,151.99,152.13,152.19,152.85,153.36,153.69,153.86,153.95,154.43,154.6,155.38,155.46,155.58,155.7,155.76,156.09,156.44,156.54,156.64,156.79,157.08,157.31,a,157.83,a,158.64,158.79,a,159.44,159.79,159.93,160.05,160.45,160.78,161.17,161.98,162.5,162.68,a,163.3,163.49,164.37,164.81,164.92,165.02,a,165.38,165.45,a,165.54,165.62,165.68,165.75,165.86,165.92,166.08,166.32,167.24,167.82,168.16,168.51,168.94,169.31,169.68,169.76,170.1,170.17,170.5,a,171.64,171.76,a,171.84,172.05,172.11,172.26,172.33,172.98,173.1,a,173.47,173.55,a,173.63,173.75,a,174.2,174.41,a,175.94,176.14,176.23,176.33,176.63,177.12,177.24,177.3,a,177.63,177.86,177.96,178.08,178.14,178.28,178.78,179.02,179.47,179.66,a,179.94,180.2,180.38,180.52,181.01,181.75,181.85,181.98,182.27,182.63,182.87,183.04,183.2,183.34,183.4,183.76,184.04,184.34,184.74,a,185.33,a,185.93,186.13,186.62,186.86,186.92,187.04,187.1,187.46,187.76,187.91,188.05,188.14,188.25,a,188.68,189,189.18,190.01,190.38,190.45,190.55,190.71,191.42,192.12,192.89,193.05,a,194,194.16,194.37,194.68,195.09,195.42,a],offset_from_start:130},{text:"So we want to stay pretty focused on that. But in general to me, there's appraisers and appraisers are really good for, for state sales, you know, for things where nobody is running it. But the problem with appraised value, especially in small business Is nobody's willing to write a check for that. So if an appraiser says your business that makes $1 million five million and no one's willing to write a check for that, it doesn't do you a lot of good. So for me, I buy and sell businesses full time, it's all I do. Um, I would trust a full time business broker that. All they do is focus on comparable sales in the last six months with businesses similar to yours. And I would really focus on market data because almost nowhere else is market pricing more important than small business. And the importance of a broker is pretty significant here because you know, let's say you're selling your house, let's say you have the best broker in your area as opposed to an average broker. Well he might be able to get you five or 10% more and the reality is the appraiser is going to come in and they're going to give you an appraisal value and you're not going to be able to sell it for more.",timestamps:[195.91,196.08,196.18,196.34,196.41,197.24,197.56,198.01,198.16,a,198.39,198.54,198.67,199.23,199.47,a,199.68,199.88,200.55,200.69,201.15,201.25,201.49,201.89,a,203.54,203.79,204.11,a,205.3,205.96,a,206.16,206.6,206.83,207.3,207.58,207.68,207.94,a,208.04,208.14,208.26,208.67,208.78,209.18,a,209.55,210.32,210.44,210.77,211.84,212.03,212.35,212.57,212.96,213.18,213.25,213.51,213.63,a,213.95,214.15,214.24,214.31,214.79,215.41,215.7,216.35,216.55,216.75,216.79,217,217.94,218.31,218.45,218.53,218.67,218.88,218.95,219.05,219.1,219.34,219.45,a,220.14,220.27,220.6,220.73,220.85,220.91,221.1,221.19,a,221.53,222.64,222.82,a,223.22,223.83,224.12,224.28,224.48,224.94,225.14,a,225.41,225.58,225.94,226.03,a,226.84,a,227.21,227.47,227.69,228.2,228.43,228.98,229.45,229.81,230.53,a,230.98,231.26,231.42,231.85,232.26,232.65,232.93,233.51,234.25,234.43,234.53,234.86,235.09,235.6,235.98,236.49,236.95,237.04,a,237.68,238.07,238.1,238.24,238.49,238.86,239.02,239.41,239.81,240.74,241.27,241.63,242.07,242.71,243.11,243.55,243.76,244.25,244.47,244.76,a,245.84,246.45,246.72,247.24,247.35,247.43,247.94,248.21,248.48,248.97,249.19,250.04,250.21,a,250.29,250.44,250.52,250.63,250.9,251.02,a,251.56,252.29,252.4,252.52,253.08,253.21,253.55,253.89,253.99,254.18,254.49,254.57,254.93,255.02,255.12,255.45,a,256.34,256.71,256.88,257.07,257.18,257.37,257.45,257.59,257.69,258.03,258.11,258.7,259.12,259.51,259.58,260.03,260.17,260.26,260.68,260.77,260.91,260.97,261.22,261.94,262.1,262.22,262.35,262.42,262.59,262.7,262.78,263.18,263.55,263.7,263.8,263.94,264.06,264.12,264.22,264.38,264.48,264.76,264.87,265.01,a],offset_from_start:195},{text:"So in some ways, real estate is more of a commodity, but businesses, you know, I mean for example, you can change from even at a seller's discretionary cash flow if you have a range like we used before from 3 to 5 times earnings. You know, if you can get a broker that gets you away from three and gets you towards five and your business makes a million dollars, you just made a million and a half more and you know, with the effective 23% tax rate. That's awesome. That's $1 million dollars more in your pocket. Or for example, uh you know, sometimes I worked with businesses that are in the wrong industry classification and maybe they started off there, but maybe they've evolved as your business has grown over the last five or 10 years to a totally different industry classification. So it's taking it to market, putting a story together, maximizing the sale of your business. Those are the things that are really important when you think about selling it. I hope this is helpful for getting what it's worth. If you want to call us over at Freedom Factory or if we can give you any help whatsoever, we love to do it. So please hit like and subscribe.",timestamps:[265.74,266.31,266.51,266.81,a,267.78,268.22,268.57,268.71,268.93,269.01,269.06,a,270.14,270.35,a,271.08,271.21,a,271.46,271.52,271.91,272.32,a,272.78,272.89,273,273.29,273.57,274.09,274.2,274.26,274.65,275.27,275.6,276.1,276.29,276.35,276.44,276.51,276.97,277.11,277.22,277.42,278.07,278.41,278.85,278.98,279.32,279.66,a,280.25,280.58,a,280.67,280.78,280.88,281.02,281.17,281.22,281.61,281.76,281.96,282.07,282.34,282.54,282.86,282.98,283.18,283.26,283.64,284.36,284.7,284.82,285.12,285.33,285.38,285.58,a,285.96,286.04,286.23,286.38,286.44,286.78,286.9,286.96,287.29,287.94,288.39,288.46,a,288.54,288.66,288.86,289.52,290.33,290.66,a,291.44,291.71,a,292.32,292.66,292.72,292.97,293.29,294.04,294.3,294.48,a,295.04,295.77,295.92,a,296.74,297.19,297.35,a,297.42,297.84,297.89,298.08,298.21,298.67,298.77,298.84,298.91,298.99,299.22,299.58,300.5,300.89,301.11,301.24,301.68,301.92,a,302.43,302.76,303.02,303.22,303.79,303.91,304.04,304.36,304.49,304.83,304.97,305.05,305.34,305.57,305.65,305.85,306.38,306.64,306.72,307.15,307.45,307.78,a,308.55,309,309.36,309.81,309.9,309.98,a,310.58,310.94,310.99,311.39,a,312.24,313.17,313.26,313.63,313.72,313.84,a,314.54,315.03,315.09,315.21,315.56,315.66,315.76,316.03,316.6,316.74,316.84,317.02,317.27,317.6,a,317.92,318.07,318.28,318.43,318.53,318.88,318.99,319.24,319.36,319.48,a,320.04,320.23,320.31,320.45,320.51,320.7,320.82,321.01,321.11,321.36,321.89,322.07,322.15,322.24,322.37,322.55,322.75,323,323.26,a,324.05,324.48,324.75,324.86,325.03,a,325.2,326.06,326.44,326.56,326.75,326.85,a],offset_from_start:265},{text:"Thanks for watching and we'll see you soon.",timestamps:[327.59,327.83,327.94,328.44,328.55,328.65,328.76,328.83,a],offset_from_start:327}],transcriptionIsModified:b,podcastId:e,id:44176,title:"What is Your Business Worth? Business Valuations 2021",image:"https:\u002F\u002Fssl-static.libsyn.com\u002Fp\u002Fassets\u002F0\u002F3\u002F0\u002Fe\u002F030e0e7fe0e927cb\u002FWhat_is_My_Business_Worth.jpg",description:"\u003Ch2\u003EFind Out What Your Business Is Worth\u003C\u002Fh2\u003E \u003Cp\u003E\u003Ciframe title= \"tyler tysdal and robert hirsch discuss business valuations\" src= \"https:\u002F\u002Fplayer.vimeo.com\u002Fvideo\u002F389991340\" width=\"640\" height=\"360\" frameborder=\"0\"\u003E\u003C\u002Fiframe\u003E\u003C\u002Fp\u003E \u003Ch3\u003EContact Freedom Factory\u003C\u002Fh3\u003E \u003Cp\u003EAt Freedom Factory®, we have experienced and witnessed the explosive results of entrepreneurs aligning passion and purpose to create extraordinary value. However, most entrepreneurs have no idea how to maximize the value of their business and move on to the next chapter of their lives. That’s where we can help.\u003C\u002Fp\u003E \u003Cp\u003EFreedom Factory® has radically disrupted the way high-growth, lifestyle companies are bought and sold, which historically was a horribly inefficient market. When I sold my first company in the 1990s, I went to several investment banks and sold my business to one of less than five companies they called. Looking back, I see exactly how much money I left on the table and knew that there had to be a better way. The bottom line is that entrepreneurs don’t speak banker, and bankers sure don’t speak entrepreneur.\u003Cbr \u002F\u003E \u003Cbr \u002F\u003E \u003Ca title=\"Tyler Tysdal website\" href= \"https:\u002F\u002Ftylertysdal.academia.edu\u002F\"\u003Ehttps:\u002F\u002Ftylertysdal.academia.edu\u002F\u003C\u002Fa\u003E\u003C\u002Fp\u003E \u003Ch3\u003EContact Tyler Tysdal at Freedom Factory\u003C\u002Fh3\u003E \u003Cp\u003E\u003Cstrong\u003EFreedom Factory\u003C\u002Fstrong\u003E\u003Cbr \u002F\u003E 5500 Greenwood Plaza Blvd., Ste 230\u003Cbr \u002F\u003E Greenwood Village, CO 80111\u003Cbr \u002F\u003E Phone: 844-MAX-VALUE (844-629-8258)\u003Cbr \u002F\u003E \u003Ca href= \"https:\u002F\u002Fwww.freedomfactory.com\u002F\"\u003Ehttps:\u002F\u002Fwww.freedomfactory.com\u002F\u003C\u002Fa\u003E\u003C\u002Fp\u003E \u003Ch3\u003E\u003Cspan style=\"text-decoration: underline;\"\u003EFreedom Factory Managing Partners\u003C\u002Fspan\u003E\u003C\u002Fh3\u003E \u003Cp\u003E\u003Cstrong\u003ETyler Tysdal\u003C\u002Fstrong\u003E \u003Ca title=\"Tyler Tysdal Linkedin\" href= \"https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Ftyler-tysdal\"\u003Ehttps:\u002F\u002Fwww.linkedin.com\u002Fin\u002Ftyler-tysdal\u003C\u002Fa\u003E\u003Cbr \u002F\u003E \u003Cstrong\u003ERobert Hirsch\u003C\u002Fstrong\u003E \u003Ca title=\"Robert Hirsch Bio\" href= \"https:\u002F\u002Ffreedomfactory.com\u002Fabout-robert-hirsch\"\u003Ehttps:\u002F\u002Ffreedomfactory.com\u002Fabout-robert-hirsch\u003C\u002Fa\u003E\u003C\u002Fp\u003E \u003Cp\u003E\u003Ciframe title=\"Freedom-Factory - Business Broker\" src= \"https:\u002F\u002Fwww.google.com\u002Fmaps\u002Fembed?pb=!1m18!1m12!1m3!1d3073.496687996668!2d-104.90087878462823!3d39.616019079466234!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x876c87c5a2bdce1b%3A0x79e43f931f67c650!2sFreedom%20Factory!5e0!3m2!1sen!2sus!4v1589495136953!5m2!1sen!2sus\" width=\"600\" height=\"450\" frameborder=\"0\"\u003E\u003C\u002Fiframe\u003E\u003C\u002Fp\u003E \u003Ch4\u003EWho is Tyler Tysdal?\u003C\u002Fh4\u003E \u003Cp\u003E\u003Cimg style=\"float: right; margin-right: 5px; margin-left: 5px;\" src=\"https:\u002F\u002Fassets.libsyn.com\u002Fsecure\u002Fshow\u002F264332\u002Ftylertysdal.png\" alt=\"tyler tysdal\" width=\"226\" height=\"226\" \u002F\u003E\u003C\u002Fp\u003E \u003Cp\u003E\u003Ca title=\"Tyler Tysdal news pdf and SEC information\" href= \"https:\u002F\u002Fs3.amazonaws.com\u002Ftysdal\u002Fdenver-business\u002FTyler-Tysdal-Settlement.pdf\" target=\"_blank\" rel=\"noopener\"\u003ETyler Tysdal\u003C\u002Fa\u003E is a lifelong entrepreneur who first discovered the joys and challenges of self-employment at the age of 14. \u003Ca title=\"Tyler Tysdal Podcasts\" href= \"https:\u002F\u002Fdirectory.libsyn.com\u002Fshows\u002Fview\u002Fid\u002Ftylertysdal\"\u003E\u003Cstrong\u003ETyler Tysdal\u003C\u002Fstrong\u003E\u003C\u002Fa\u003E was a collector and trader of baseball cards and his budding entrepreneurial spirit spurred him to create Triple T’s Sports Collectibles, a national mail-order trading card and memorabilia business that found a wide audience through ads in trade magazines. While market inefficiencies were numerous in this pre-internet era, a young \u003Cstrong\u003ETyler Tysdal\u003C\u002Fstrong\u003E experienced his first big business win with $14,000 a month of profit result. A lot of money for 14. It hit him during a ride with his mom to the post office to mail dozens of card shipments: He would likely be an entrepreneur and investor the rest of his career.\u003C\u002Fp\u003E \u003Ch4\u003EAdditional Websites to Follow Tyler Tysdal\u003C\u002Fh4\u003E \u003Cp\u003E\u003Ca title=\"Tyler Tysdal's Soundcloud podcasts\" href= \"https:\u002F\u002Fsoundcloud.com\u002Ftylertysdal\"\u003Ehttps:\u002F\u002Fsoundcloud.com\u002Ftylertysdal\u003C\u002Fa\u003E\u003Cbr \u002F\u003E \u003Ca title=\"Tyler Tysdal's twitter profile\" href= \"https:\u002F\u002Ftwitter.com\u002Ftysdaltyler\"\u003Ehttps:\u002F\u002Ftwitter.com\u002Ftysdaltyler\u003C\u002Fa\u003E\u003Cbr \u002F\u003E \u003Ca title=\"Tyler Tysdal Instagram profile\" href= \"https:\u002F\u002Fwww.instagram.com\u002Ftyler_tysdal\u002Fchannel\u002F\"\u003Ehttps:\u002F\u002Fwww.instagram.com\u002Ftyler_tysdal\u002F\u003C\u002Fa\u003E\u003Cbr \u002F\u003E \u003Ca title=\"Tyler Tysdal bio on his website\" href= \"https:\u002F\u002Ftylertysdal.com\u002Fabout\u002F\"\u003Ehttps:\u002F\u002Ftylertysdal.com\u002F\u003C\u002Fa\u003E\u003Cbr \u002F\u003E \u003Ca title=\"Tyler Tysdal website on Google\" href= \"https:\u002F\u002Fsites.google.com\u002Fview\u002Ftylertysdal\"\u003Ehttps:\u002F\u002Fsites.google.com\u002Fview\u002Ftylertysdal\u003C\u002Fa\u003E\u003C\u002Fp\u003E \u003Ch3\u003EWhat Podcasts on Instagram\u003C\u002Fh3\u003E \u003Cp\u003E\u003Ciframe src=\"https:\u002F\u002Frss.app\u002Fembed\u002Fv1\u002Flist\u002F2668oD4m2lAiP2bz\" width=\"850\" height=\"1600\" frameborder=\"0\"\u003E\u003C\u002Fiframe\u003E\u003C\u002Fp\u003E \u003Cp\u003E\u003Cstrong\u003EAdditional News Sources:\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E \u003Cp\u003E\u003Ca title=\"Sell Your Business\" href= \"https:\u002F\u002Fsites.google.com\u002Fview\u002Fhowtosellabusiness\u002Fsell-your-business\"\u003E https:\u002F\u002Fsites.google.com\u002Fview\u002Fhowtosellabusiness\u002Fsell-your-business\u003C\u002Fa\u003E\u003C\u002Fp\u003E \u003Cp\u003E\u003Ca title=\"Natalie Tysdal award winning journalist\" href= \"https:\u002F\u002Fwww.globenewswire.com\u002Fnews-release\u002F2021\u002F04\u002F20\u002F2213552\u002F0\u002Fen\u002FAward-Winning-Journalist-Natalie-Tysdal-Quits-News-Business.html\"\u003E https:\u002F\u002Fwww.globenewswire.com\u002Fnews-release\u002F2021\u002F04\u002F20\u002F2213552\u002F0\u002Fen\u002FAward-Winning-Journalist-Natalie-Tysdal-Quits-News-Business.html\u003C\u002Fa\u003E\u003Cbr \u002F\u003E \u003Cbr \u002F\u003E \u003Ca title= \"Tyler Tysdal educates entrepreneurs on building their business\" href= \"https:\u002F\u002Ftricitydaily.com\u002Ftyler-tysdals-freedom-factory-teaching-entrepreneurs-secrets-of-selling-their-business-for-maximum-value\u002F\"\u003E https:\u002F\u002Ftricitydaily.com\u002Ftyler-tysdals-freedom-factory-teaching-entrepreneurs-secrets-of-selling-their-business-for-maximum-value\u002F\u003C\u002Fa\u003E\u003C\u002Fp\u003E \u003Cp\u003E\u003Ca title=\"Tyler Tysdal Bitcoin and Entrepreneurs\" href= \"https:\u002F\u002Ftricitydaily.com\u002Ftyler-tysdal-talks-about-bitcoin-mining-and-cryptocurrency\u002F\"\u003E https:\u002F\u002Ftricitydaily.com\u002Ftyler-tysdal-talks-about-bitcoin-mining-and-cryptocurrency\u002F\u003C\u002Fa\u003E\u003C\u002Fp\u003E \u003Cp\u003E\u003Ca title=\"MagNewsBlog\" href=\"https:\u002F\u002Fmagnewsblog.com\" target= \"_blank\" rel=\"noopener\"\u003Ehttps:\u002F\u002Fmagnewsblog.com\u003C\u002Fa\u003E\u003C\u002Fp\u003E",published_date:"2021-06-28T00:00:00.000+00:00",duration:349,link_to_podcast_mp3:"https:\u002F\u002Ftraffic.libsyn.com\u002Fsecure\u002Ftylertysdal\u002FWhat_is_My_Business_Worth.mp3?dest-id=2009345",transcriptionId:3077}}],fetch:{},error:d,state:{podcast:{},totalEpisodes:a,totalAudioFiles:a,totalIndexedEpisodes:a,totalTranscribedEpisodes:a,totalTranscribedAudioFiles:a,isSidebarActive:c,breakpoint:d,sidebarWidth:"default",reduceButton:b,bodyOverlay:b,sidebarItemsMin:b,theme:"semi-dark",AppActiveUser:{id:a,name:"John Doe",about:"Dessert chocolate cake lemon drops jujubes. 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