The Hidden Impact of Financial Transparency in Buying and Selling Businesses with Matt Friscia

The Hidden Impact of Financial Transparency in Buying and Selling Businesses with Matt Friscia

In a world where business brokers are often seen as pushy and unnecessary, one man's journey will leave you questioning everything you thought you knew. Meet Matt Friscia, a guest on a recent podcast, who stumbled upon the unexpected twist of a lifetime in the world of business brokering. What started as a mere curiosity soon turned into a passion for helping people sell their businesses and find new opportunities. But little did he know, the key to his success lay in a simple yet powerful concept: financial transparency. Stay tuned as Matt unravels the secrets behind this game-changing revelation, leaving you craving for more.

My special guest is Matt Friscia

Matt Friscia is a business broker at Trans World Business Advisors, located in LaGrange, Illinois. With over three and a half years of experience in the industry, Matt has established himself as a knowledgeable and reliable professional. Prior to joining Trans World, Matt owned a successful senior care franchise for five years, giving him firsthand experience in the world of business ownership and sales. As a business broker, Matt emphasizes the importance of financial transparency in the buying and selling process. He strives to provide clients with accurate and comprehensive information, ensuring they have a clear understanding of the financial aspects involved in business transactions. Matt's expertise, combined with his practical experience, makes him a valuable asset to both buyers and sellers looking to navigate the complex world of business sales. Stay tuned as Matt shares his insights and advice on the importance of financial transparency in the business world.

Talk to us early, ask questions now. Don't wait until you really want to sell and get a good chunk of money. - Matt Friscia

In this episode, you will be able to:

Discover the crucial role business brokers play in smooth transactions.

Navigate the challenges of buying and selling businesses with expert tips and strategies.

Learn why financial transparency is essential for successful business sales.

Understand the key factors in valuing businesses within the market.

Unlock the benefits of working with a trusted business broker for your buying or selling needs.

Importance of Financial Transparency in Business Sales

Financial transparency is essential in the transactional processes involving businesses. When selling a business, a truthful disclosure of the financial state of the company – be it outstanding debts or any potential financial shocks that could impact the business’s value – is paramount. This not only establishes trust but also increases the credibility of the seller, thereby ensuring smoother negotiations, reducing chances of contention, and ultimately leading to a successful deal.

Guest – Matt Friscia – Transworld Business Advisors, LaGrange, IL Phone: 708.328.8800

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