Selling eCommerce Businesses with Adam Rundle

The eComm Growth Show

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2+ y ago 37:54

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Have you ever considered selling your online business? For many business owners, selling their company isn’t even on their radar. They are much more likely to be concerned with their day-to-day operations, maximizing efficiency within their processes while maximizing profits.

On this week’s episode of the eComm Growth Show, Adam Rundle joins host Robby Switzer to share his insights on selling online businesses. Adam is the Co-Founder of CleverProfits, an accounting firm specializing in helping online business owners scale their companies. Robby and Adam discuss several topics related to selling an online business, including knowing when to sell, calculating your company’s worth, and how preparing to sell can help your business.

Adam takes a unique approach to online entrepreneurship. While most business owners key in on maximizing profits and efficiency, he believes in the importance of preparing owners for acquisition. While he doesn’t necessarily recommend every founder to sell their business, he believes that this perspective will help most online businesses grow.

“If you’re running a highly profitable, efficient business, that in itself is appealing to a buyer.” (20:14)

Many businesses’ growth will stagnate as they solely focus on day-to-day operational efficiency. Founders are typically forced to keep up with operations, making sure everything runs smoothly,

Whether your business is looking to scale or sell, adjusting your perspective might be the most important thing you can do.

👀(6:55) When should you sell your eCommerce store?

🤷‍♂️(19:50) Why you can’t factor out how much an owner gets paid

📈(26:01) What should profitability look like?

🧠(29:47) Knowing when to focus on P&L vs. the operations of your business

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