Web Equity Show

Ep #10: Hiring, Training, And Scaling Your Team

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Subscribe to our VIP LISTIt’s hard to build a real, valuable asset if you’re a one-man-band.

Part of the problem is having to trade time for money, but you’re also left with the “hit by a bus” problem. What happens to that business should you be hit by a bus? (Or otherwise incapacitated in some way)

Sure, running a multi-million dollar company without the hassle of dealing with staff/employees sounds nice, but is it realistic? How many companies do you know that are in a position you’d like to be and don’t have anyone working for them? Not many, I’m guessing…

In this episode, Ace and I share our experiences in hiring, training, and scaling employees and teams. Whether you think you need to make your first hire or are looking at creative ways to scale your team, this is a great podcast episode for you.

Are you getting value out of the Web Equity Show? Please show us some love and leave us a review on iTunes. You’ll help us spread the message and we’ll give you a shout on an upcoming episode!

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What You’ll Learn From This Episode:

  • When Should You Hire?
  • How Do You Determine Who To Hire?
  • Where To Find Employees
  • Managing Your Team
  • Local Vs. Virtual
  • Avoiding Typical Mistakes

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Ep #9: What’s My Online Business Worth?

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Whether you’re looking to sell your online business in the next few months or just a curious entrepreneur, the “What’s my business worth” question is an important one.

We could have made this podcast pretty short – it’s only worth what a buyer’s willing to pay for it – but where’s the fun in that!

There’s quite a bit to think about regarding valuations and we wanted to dive into those issues in this podcast episode. We’ll look at some common misconceptions when it comes to business valuations, cover some valuable “rules of thumb”, and dig into our tips to getting the best multiples or valuation when it comes time to sell your business.

Are you enjoying the Web Equity Show? Please leave us a review on iTunes or you can leave us a message (button to the right) and we’ll play your question/comment on the show!

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What You’ll Learn From This Episode:

  • Misconceptions regarding business valuations
  • Valuation rules of thumb
  • Getting top multiples when selling your business

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Ep #7: Virtual Properties Vs. Offline Real Estate

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Subscribe to our VIP LISTInvestors often discuss the similarities between buying online businesses and offline real estate, but is that comparison really fair?

In this week’s episode, Justin and Ace dig into both the similarities and differences when it comes to financing, risk/reward, management, and legal protects/restrictions.

It’s easy to compare direct ROI, but you’re not getting the best info if you’re not looking at the whole picture. We do some in-depth comparisons in this episode – hope you enjoy!

Are you digging the podcast? Please leave us a review on iTunes or you can leave us a message (button to the right) and we’ll play your question/comment on the show!

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What You’ll Learn From This Episode:

  • Financing comparisons
  • Risk/Reward for both
  • Cashflow Vs. Capital Gains Investing
  • Management (Passivity)
  • Legal Protections/Restrictions

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Ep #6: Top 7 Last Minute Deal Killers

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Subscribe to our VIP LISTLosing a deal can be a gut-wrenching experience you’ll want to avoid at all costs.

Getting deep in the process only to have the deal fall through last minute is a huge waste of time, effort, and energy. The emotional swings can make it tough to get back on the horse.

In this episode, Ace and I want to give you a run through of the top 7 deal killers we’ve run across and share some of our personal experiences in losing deals on both the buy and sell side. We’ll look at some of the personality conflicts we’ve run up against, what happens when a change in earnings/traffic happens mid-closing, and some of the signs you might not be working with the best buyer/seller.

We’re hoping that sharing our experiences here will help you avoid losing your own deals at the last minute.

If you’ve been digging our show so far, make sure to give us a review on iTunes, Stitcher, or leave us a voicemail by clicking on the right hand side of your screen.

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What You’ll Learn From This Episode:

  • Too many unnecessary employees and loose relationships with contractors
  • Personality conflicts
  • Vendor or wholesaler requirements are too stringent
  • A last minute decline in revenue or traffic
  • Pending Legislation (or Litigation)
  • Seller is CRITICAL to the business
  • Seller had a litigious past

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Ep #4: Understanding Buyer & Seller Agreements

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Subscribe to our VIP LISTThis may very well be one of the less glamorous aspects when it comes to buying and selling online businesses, but ensuring there’s clarity on both the buy and sell side is the best way to avoid losing the deal. (And problems down the road) Most problem deals come down to a misunderstanding by one or more parties, so it’s important to get this right.

In this episode of the Web Equity Show, Justin and Ace dive into contracts, agreements, and how to make sure everyone’s on the same page from the first offer through closing and beyond. We’ll get into things like negotations, escrow, due diligence, terms, and training agreements.

Serious points of interest here if you’re looking to buy or sell an online business.

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What You’ll Learn From This Episode:

  • Understanding buyer and seller agreements in terms of clarity, getting the deal done, and post sale support
  • Negotiating the sale price when buying a website
  • Understanding all the parties (from both the buyer and seller’s perspective) and agents that might be involved
  • Pros and cons in using Escrow when buying/selling online businesses
  • Discussing the process when it comes to due diligence and closing the deal
  • Talking about terms
  • Training or on-going support after the deal is done
  • Post deal consideration that both buyer and seller need to be aware of
  • Being specific about all the different aspects of the agreement

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Ep #3: Where to Find High-Quality Deals

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For anyone in the industry of buying and selling websites and online businesses, sourcing deals is absolutely the number one priority. Getting access to those hard-to-find deals can give a buyer a huge competitive advantage over everyone else. But how can we find and secure those rare bargains before someone else does?

In this episode of Web Equity Show, Justin and Ace discuss where to find high-quality deals. They cover some of the advantages and disadvantages of different places where folks can go to search for those great deals.  From buying direct competitors’ businesses and sites in parallel industries to the breakdown of top website brokerages, you will learn everything you need to know about finding the right deal for you. Don’t miss this episode!

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What You’ll Learn From This Episode:

  • Justin and Ace’s advice for those who want to become online business brokers.
  • Why sourcing deals is the critical component of buying and selling online businesses.
  • Tips for strategic buys for your portfolio.
  • The pros and cons of buying direct competitors’ sites.
  • Why you should consider buying an online business in a parallel industry.
  • Why Ace got kicked out of a potential seller’s house during a dinner.
  • How to find the right broker for you.
  • How not to fall for “polished turd deals.”
  • The breakdown of the top website brokerages and their pros and cons.

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Ep #2: Preparing Your Website for Sale

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Selling your website or online business can be quite an emotional decision. Those emotions often drive our decisions and even cause us to make mistakes if we’re not properly prepared.

One of the questions we often get is “Why would anyone ever sell a profitable business?” This question often comes with a bit of disbelief of why anyone would actually sell a site that’s making money. Whether it is the burden of regular maintenance or the need for extra cash for an important investment or an emergency, we all have our reasons.

On this episode, Justin and Ace chat about the reasons why people buy and sell businesses and share some proven strategies to help online business owners prepare their website for a sale. The tips laid out in this episode will help sellers attract the right buyers and opportunities and get a premium for your site. Don’t miss this episode jam-packed with golden nuggets of information for anyone looking to sell their online business.

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What You’ll Learn From This Episode:

  • The importance of communicating why you’re selling your online business.
  • How much time you need to prepare your site for a sale.
  • The ways that you should be separating yourself from the business you’re planning to sell.
  • The records and documentation you need to keep.
  • Why we think you should always use Google Analytics.
  • How to determine the value of your site and price it accordingly.
  • Ace’s best growth hack.
  • Why you can’t neglect a business during the selling process no matter how tough it may be.
  • The best and worst times to sell your business.
  • And much, much more!

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Ep #1: Justin Has an Ace Up His Sleeve

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Welcome to the inaugural episode of Web Equity Show, the podcast dedicated to providing successful entrepreneurs with information and resources to help leverage their capital, buy the right business and maximize sales in their web portfolio. We’re really excited to publish the show live for all of the listeners out there! Without further ado, here’s the first episode…

On this episode, your hosts Justin Cooke, co-founder of Empire Flippers, and Ace Chapman, an exceptional business acquisition specialist, talk about the motivation behind starting the Web Equity Show and what you can expect to get out of it. Listen in to find out how by merging online and offline experience, Ace and Justin can help you make awesome entrepreneurial decisions, achieve next-level results, and help you come out a winner!

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What You’ll Learn From This Episode:

  • What Web Equity Show is all about.
  • A sneak peek at the topics coming up on the show.
  • Justin’s and Ace’s backgrounds and goals with Web Equity Show.
  • Ace’s story of buying his first profitable online business at 19 years old.
  • Justin’s journey to becoming the Empire Flipper.
  • What you can expect to get out of this show.
  • Some killer tools you can start using today.

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