Episode 48: Mergers and Acquisitions - What you Need to Know when Buying or Selling Your Business with Domenic Rinaldi

Published: Oct. 13, 2020, 11 a.m.

<p>This episode’s guest is Domenic Rinaldi. Domenic is the Owner and Managing Partner of Sun Acquisitions - a Chicago based mergers and acquisitions firm, and K2 Adviser – an advisory firm that helps people better prepare for their business acquisition or exit. He is also a speaker, author and host of the <a href="https://sunacquisitions.com/podcasts/" rel="nofollow noreferrer noopener" target="_blank">M&amp;A Unplugged Podcast</a>.</p> <p>Domenic specializes in helping the owners of privately held companies (with enterprise values between $2 and $50 million dollars) scale, acquire and sell businesses. He has been personally involved in over 300 business transactions across a broad range of industries and is considered an expert in his field.</p> <h1>In this episode we discuss:</h1> <ul><li>Hustling as a young boy [3:51]</li> <li>What was the catalyst for him to start a business in mergers and acquisitions [4:49]</li> <li>Advantages and challenges of acquiring a business rather than starting one from scratch [6:31]</li> <li>Types of buyers they deal with [8:51]</li> <li>How they help buyers and sellers of a business [12:30]</li> <li>What are the value drivers in a business, what makes the value of a business go up [15:01]</li> <li>How to prepare yourself and your business for sale[18:09]</li> <li>Things entrepreneurs fail to do in their business that causes a problem with the sale of their business [22:43]</li> <li>How to contact Domenic [26:56]</li> </ul><h1>Links to sources and tools</h1> <ul><li>Reach out to Domenic via email at domenic@k2adviser.com</li> <li>Take the free assessment test on the Sun Acquisitions website to see if you are ready to buy or sell your business: <a href="https://sunacquisitions.com/" rel="nofollow noreferrer noopener" target="_blank">https://sunacquisitions.com/</a></li> <li>Listen to more episodes here: <ul><li>Is it Time to Change Your Business Processes and Systems? with Lisa Levy: <a href="https://bit.ly/34Hb4t5" rel="nofollow noreferrer noopener" target="_blank">https://bit.ly/34Hb4t5</a></li> <li>EMDR Therapy: What is it and How Does it Work with Robert Grigore: <a href="https://bit.ly/2GuoSPu" rel="nofollow noreferrer noopener" target="_blank">https://bit.ly/2GuoSPu</a></li> <li>How to Automate Your Affiliate Marketing Program and Online Business with Mark Thompson: <a href="https://bit.ly/3kNTMku" rel="nofollow noreferrer noopener" target="_blank">https://bit.ly/3kNTMku</a></li> </ul></li> </ul><p>Thanks for listening. Don’t forget to like us on Facebook: <a href="https://www.facebook.com/passthesecretsauce" rel="nofollow noreferrer noopener" target="_blank">https://www.facebook.com/passthesecretsauce</a> to get updates on new episodes. If you haven’t already, please follow and leave a review for our podcast, we’ll really appreciate it. And as always, don’t forget to pass the secret sauce.</p> <h1>Support our podcast</h1> <p>If you’re a fan of the show, there are three simple things you can do to support our work: </p> <ol><li>Subscribe, rate and review: <a href="https://podcasts.apple.com/us/podcast/pass-the-secret-sauce-by-matt-shields/id1506940483" rel="nofollow noreferrer noopener" target="_blank">https://podcasts.apple.com/us/podcast/pass-the-secret-sauce-by-matt-shields/id1506940483</a> the podcast on iTunes or wherever you subscribe.</li> <li>Tell a family member, friend, or colleague about the show. </li> <li>Subscribe to us on YouTube: <a href="https://www.youtube.com/channel/UCJ5eItxsGWyGKC91zd1pzbA" rel="nofollow noreferrer noopener" target="_blank">https://www.youtube.com/channel/UCJ5eItxsGWyGKC91zd1pzbA</a> and follow us on LinkedIn: <a href="https://www.linkedin.com/company/pass-the-secret-sauce-podcast" rel="nofollow noreferrer noopener" target="_blank">https://www.linkedin.com/company/pass-the-secret-sauce-podcast</a></li> </ol><hr><p>This podcast is hosted by <a href="https://wwww.zencast.fm" rel="nofollow noreferrer noopener" target="_blank">Z...