How to Prepare for an Acquisition w/ Terry Lammers

<p><span style="font-weight: 400;">Building a business is hard work. It becomes your whole life. </span></p> <p> </p> <p><span style="font-weight: 400;">You pour your entire heart and soul into mastering your market. </span></p> <p> </p> <p><span style="font-weight: 400;">But a day will come when you want to take a break. Do you know what to do?</span></p> <p> </p> <p><span style="font-weight: 400;">Well, if you don’t, have no fear. Our guest today is</span> <a href= "https://www.linkedin.com/in/terry-lammers-cva-b02b996/"><span style="font-weight: 400;"> Terry Lammers</span></a><span style="font-weight: 400;">, Cofounder of</span> <a href="https://innovativeba.com/"><span style= "font-weight: 400;">Innovative Business Advisors</span></a> <span style="font-weight: 400;">and he’s going to walk you through everything you need to know.</span></p> <p> </p> <p><span style="font-weight: 400;">Author of “</span><a href= "https://www.amazon.com/You-Dont-Know-What-Everything/dp/0997521015"><span style="font-weight: 400;">You Don’t Know What You Don’t Know</span></a><span style= "font-weight: 400;">,” Terry literally wrote the book on acquisitions. </span></p> <p> </p> <p><span style="font-weight: 400;">He explained:</span></p> <p> </p> <p><span style="font-weight: 400;">- Why cash flow is the most important factor in an evaluation</span></p> <p> </p> <p><span style="font-weight: 400;">- Why you need a realistic valuation and relevant, readable financial statements</span></p> <p> </p> <p><span style="font-weight: 400;">- Why the most valuable companies are ones that work without their owners</span></p> <p> </p> <p><em><span style="font-weight: 400;">This blogpost includes highlights of our podcast interview with</span></em> <a href= "https://www.linkedin.com/in/terry-lammers-cva-b02b996/"><em><span style="font-weight: 400;"> Terry Lammers</span></em></a><em><span style= "font-weight: 400;">,</span></em> <span style= "font-weight: 400;">Cofounder of</span> <a href= "https://innovativeba.com/"><span style= "font-weight: 400;