Owner To Owner Podcast

Ed Scott founder of Resolve on building a better marketplace to buy and sell small & medium businesses.

Episode Summary

Ed Scott started resolve.com.au to help owners sell their small businesses by connecting more efficiently with qualified buyers. Ed shares his founder story, and how with his team of employees and funders they are chasing down a significant market opportunity that done well will have broader economy-wide impact.

Episode Notes

@Ed Scott is the founder of @Resolve which is a small medium enterprise marketplace. In other words it's a website where people can search for and browse businesses to buy. 

The goal of Resolve is to create a single place for supply and demand, and democratizing access to hidden gems that are often overlooked due to lack of available knowledge or resources.

Resolve caters for;

1. Businesses with an Enterprise Value of between $1M AUD to $40M AUD, and 
2. Urgent business sale campaigns such as recapitalizations and external administrations. 

Some key takeaways from our discussion;

• According to MGI Institute, 60-70% of business owners are open to selling if approached properly
• Why business owners should research the selling process by speaking with their accountant,  lawyer or friends & colleagues who have also owned businesses.
• Ideal timeframes for planning an exit 
• The key steps to prepare a business
• The availability of various financing options to enable small businesses to purchase a business

Ed also shares how he manages to personally 'maintain the rage' as the founder of fast growing startup by;

• drawing inspiration from his business partner, and 
• focussing hard everyday on doing what he knows he'll regret not doing

@Michael Kerr @smallbusinessbanter