Preparing for the Biggest Financial Transition of Your Life with David Hulett (Ep. 5)
Are you ready to learn how to maximize the value of your business before selling?
In this episode, Josh Ackerman invites David Hulett, a partner at Corporate Finance Associates of Kentucky and an investment banker who specializes in business sales. They discuss critical steps and considerations for business owners contemplating a sale, from initial preparations to final negotiations. David emohasizes the importance of planning your ‘day after,’ maintaining business performance, and understanding market valuations – all key to maximizing your sale’s success.
Josh and David discuss:
- Why it’s necessary to prepare years in advance and understanding your business’s value
- Why it’s important to know what you’ll do the day after selling your business
- The importance of not retiring early to keep business metrics strong
- How long the process typically takes and why it often surprises business owners
- How painting a compelling growth story can significantly impact your sale price
- And more
Connect with Josh Ackerman:
- Context Financial
- josh@contextfinancial.com
- LinkedIn: Josh Ackerman
- Facebook: Context Financial, LLC
- Instagram: Context Financial
- YouTube: Context Financial
Connect with David Hulett:
- Corporate Finance Associates of Kentucky
- LinkedIn: David Hulett
- Email: dhulett@cfaw.com
- Phone: 859-963-2400
About our Guest:
David Hulett is a Managing Director at CFA Kentucky, a middle market Mergers and Acquisition firm located in Lexington, Kentucky. David has considerable experience in investments, strategic planning for business owners and is an experienced entrepreneur. His advisory skills combine years of investment experience with hands-on knowledge of small businesses.
As an owner/operator of a small business, David can easily relate to CFA Kentucky’s clients and prospective clients. As an experienced consultant to many small businesses, David has guided multiple business owners through the transition process. With David’s broad background, he is well qualified to address the capital challenges facing today’s entrepreneurs.
In addition to working in the financial sector, David owns and operates Hilltop Marine, a boat dealership in Bronston, Kentucky. When he isn’t working, he enjoys boating, shooting at the gun range, Krav Maga training, and spending time with his wife, Beth, and two daughters, Haley and Abbey.
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