<description>&lt;div class="OutlineElement Ltr SCXW210059755 BCX0"&gt; &lt;p class="Paragraph SCXW210059755 BCX0"&gt;&lt;span class= "NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle= "font-claude-response-body" data-ccp-parastyle-defn= "{"ObjectId":"679f3b2c-153b-5071-bf1d-4b0991a9f682|1","ClassId":1073872969,"Properties":[201342446,"1",201342447,"5",201342448,"1",201342449,"1",469777841,"Times New Roman",469777842,"Times New Roman",469777843,"Times New Roman",469777844,"Times New Roman",201341986,"1",469769226,"Times New Roman",268442635,"24",469775450,"font-claude-response-body",201340122,"2",134233614,"true",469778129,"font-claude-response-body",335572020,"1",335559740,"240",201341983,"0",134233118,"true",134233117,"true",469778324,"Normal"]}"&gt; Most founders approach a sale with one goal: get the highest price possible. But Mark Ferrer argues that focusing only on price can lead to the wrong deal, the wrong partner, and a painful transition after closing.&lt;/span&gt;&lt;span class="EOP SCXW210059755 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/div&gt; &lt;div class="OutlineElement Ltr SCXW210059755 BCX0"&gt; &lt;p class="Paragraph SCXW210059755 BCX0"&gt;&lt;span class= "TextRun SCXW210059755 BCX0" lang="EN-CA" xml:lang="EN-CA" data-contrast="auto"&gt;&lt;span class="NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle="font-claude-response-body"&gt;In this episode of Built to Sell Radio, John &lt;/span&gt;&lt;span class= "NormalTextRun SpellingErrorV2Themed SCXW210059755 BCX0" data-ccp-parastyle= "font-claude-response-body"&gt;Warrillow&lt;/span&gt;&lt;span class= "NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle= "font-claude-response-body"&gt; talks with Ferrer about what he has learned after moving from founder to buyer, and why every owner needs to know whether they are a transactional, transitional, or transformative seller before they go to market. In this episode, you discover how to &lt;/span&gt;&lt;span class= "NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle= "font-claude-response-body"&gt;identify&lt;/span&gt;&lt;span class= "NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle= "font-claude-response-body"&gt; your seller type before a buyer does it for you.&lt;/span&gt;&lt;/span&gt;&lt;span class="EOP SCXW210059755 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/div&gt; &lt;div class="OutlineElement Ltr SCXW210059755 BCX0"&gt; &lt;p class="Paragraph SCXW210059755 BCX0"&gt;&lt;span class= "TextRun SCXW210059755 BCX0" lang="EN-CA" xml:lang="EN-CA" data-contrast="auto"&gt;&lt;span class="NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle= "font-claude-response-body"&gt;You'll&lt;/span&gt;&lt;span class= "NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle= "font-claude-response-body"&gt; learn:&lt;/span&gt;&lt;/span&gt;&lt;span class= "EOP SCXW210059755 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW210059755 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW210059755 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW210059755 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="1" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW210059755 BCX0"&gt;&lt;span class= "TextRun SCXW210059755 BCX0" lang="EN-CA" xml:lang="EN-CA" data-contrast="auto"&gt;&lt;span class="NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle="whitespace-normal" data-ccp-parastyle-defn= "{"ObjectId":"c66ef6be-b785-5f4e-bbb9-1327dfc155ae|1","ClassId":1073872969,"Properties":[201342446,"1",201342447,"5",201342448,"1",201342449,"1",469777841,"Times New Roman",469777842,"Times New Roman",469777843,"Times New Roman",469777844,"Times New Roman",201341986,"1",469769226,"Times New Roman",268442635,"24",469775450,"whitespace-normal",201340122,"2",134233614,"true",469778129,"whitespace-normal",335572020,"1",335559740,"240",201341983,"0",134233118,"true",134233117,"true",469778324,"Normal"]}"&gt; Why a transactional founder who insists they just want the money often turns out to be something else entirely — and why getting &lt;/span&gt;&lt;span class= "NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW210059755 BCX0" data-ccp-parastyle="whitespace-normal"&gt;that wrong poisons&lt;/span&gt;&lt;span class="NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle="whitespace-normal"&gt; the deal&lt;/span&gt;&lt;/span&gt;&lt;span class="EOP SCXW210059755 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW210059755 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW210059755 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW210059755 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="2" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW210059755 BCX0"&gt;&lt;span class= "NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle= "whitespace-normal"&gt;What a buyer learns about you when they ask whether you would sell to your biggest competitor for the same price&lt;/span&gt;&lt;span class="EOP SCXW210059755 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW210059755 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW210059755 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW210059755 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="3" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW210059755 BCX0"&gt;&lt;span class= "NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle= "whitespace-normal"&gt;Why the multiple is just the starting point, and how cash at closing, seller financing, and rolled equity can swing the real outcome by more than most founders expect&lt;/span&gt;&lt;span class="EOP SCXW210059755 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW210059755 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW210059755 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW210059755 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="4" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW210059755 BCX0"&gt;&lt;span class= "TextRun SCXW210059755 BCX0" lang="EN-CA" xml:lang="EN-CA" data-contrast="auto"&gt;&lt;span class="NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle="whitespace-normal"&gt;How Mark lost 8 to 14 percent of his own deal &lt;/span&gt;&lt;span class= "NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle= "whitespace-normal"&gt;proceeds&lt;/span&gt;&lt;span class= "NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle= "whitespace-normal"&gt; not because of bad faith, but because he did not ask the right questions about his rolled equity&lt;/span&gt;&lt;/span&gt;&lt;span class="EOP SCXW210059755 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW210059755 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW210059755 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW210059755 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="5" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW210059755 BCX0"&gt;&lt;span class= "NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle= "whitespace-normal"&gt;Why pushing for agreement after a sale closes is the fastest way to destroy a partnership — and what to focus on instead&lt;/span&gt;&lt;span class="EOP SCXW210059755 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW210059755 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW210059755 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW210059755 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="6" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW210059755 BCX0"&gt;&lt;span class= "TextRun SCXW210059755 BCX0" lang="EN-CA" xml:lang="EN-CA" data-contrast="auto"&gt;&lt;span class="NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle="whitespace-normal"&gt;What working capital and normalized earnings &lt;/span&gt;&lt;span class= "NormalTextRun AdvancedProofingIssueV2Themed SCXW210059755 BCX0" data-ccp-parastyle="whitespace-normal"&gt;actually mean&lt;/span&gt;&lt;span class="NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle="whitespace-normal"&gt;, and why founders who gloss over both &lt;/span&gt;&lt;span class= "NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle= "whitespace-normal"&gt;almost always&lt;/span&gt;&lt;span class= "NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle= "whitespace-normal"&gt; regret it&lt;/span&gt;&lt;/span&gt;&lt;span class= "EOP SCXW210059755 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW210059755 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW210059755 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW210059755 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="7" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW210059755 BCX0"&gt;&lt;span class= "NormalTextRun SCXW210059755 BCX0" data-ccp-parastyle= "whitespace-normal"&gt;How to clarify the role you want after closing before it becomes the source of tension no one saw coming&lt;/span&gt;&lt;span class="EOP SCXW210059755 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt;</description>

Built to Sell Radio

John Warrillow

Ep 536 Mastering the Deal: 3 Types of Sellers, 3 Very Different Deals — Which One Are You?

MAR 6, 202662 MIN
Built to Sell Radio

Ep 536 Mastering the Deal: 3 Types of Sellers, 3 Very Different Deals — Which One Are You?

MAR 6, 202662 MIN

Description

Most founders approach a sale with one goal: get the highest price possible. But Mark Ferrer argues that focusing only on price can lead to the wrong deal, the wrong partner, and a painful transition after closing. In this episode of Built to Sell Radio, John Warrillow talks with Ferrer about what he has learned after moving from founder to buyer, and why every owner needs to know whether they are a transactional, transitional, or transformative seller before they go to market. In this episode, you discover how to identify your seller type before a buyer does it for you. You'll learn: Why a transactional founder who insists they just want the money often turns out to be something else entirely — and why getting that wrong poisons the deal What a buyer learns about you when they ask whether you would sell to your biggest competitor for the same price Why the multiple is just the starting point, and how cash at closing, seller financing, and rolled equity can swing the real outcome by more than most founders expect How Mark lost 8 to 14 percent of his own deal proceeds not because of bad faith, but because he did not ask the right questions about his rolled equity Why pushing for agreement after a sale closes is the fastest way to destroy a partnership — and what to focus on instead What working capital and normalized earnings actually mean, and why founders who gloss over both almost always regret it How to clarify the role you want after closing before it becomes the source of tension no one saw coming