Mark Dorman from Legacy Business Advisors speaks with Scott on his experience in building both building businesses and selling them. They discuss the challenges faced and the lessons he learned along the way.
- The process of building his property management company
- The importance of implementing systems, processes, and open book management to drive value in a business
- The emotional impact of selling a business
- Why businesses struggle to sell when they are dependent on the owner
- The purpose of his company, OpnRoad, and how they service the lower middle market
- How they valuate a business to determine whether it’s sellable and transferable