The Knowledge Hub

In this episode of the Apex Business Advisors podcast, Andy and Doug dive into the world of fad businesses, featuring an engaging discussion on Rage Rooms. They explore the initial excitement around these trendy ventures like axe throwing, wine and paint experiences, and escape rooms, questioning their long-term viability in the ever-evolving market.

The hosts also reflect on their experiences with other fad businesses, like Andy’s former smoothie and supplement shop and the rapid rise and fall of boxing franchises. They emphasize the importance of evaluating a business’s longevity and the role of personalities in driving success, offering valuable insights for prospective buyers and sellers. Don’t miss this deep dive into understanding what makes or breaks a fad business!

In this best of episode we discuss the standards expectations of a seller with our friend and colleague, Chuck Campbell.

Chuck shares insights into the importance of understanding a business deeply before agreeing to sell it, emphasizing the need for realistic valuations and marketability. He elaborates on the four crucial metrics that define a suitable seller and a trustworthy, communicative relationship. Real-life examples bring these points to life, including challenging scenarios and lessons learned the hard way.

In this episode of our Best of Series, we revisit an episode where we discuss the dos and don’ts of selling in the 4th quarter.

Doug and Andy discuss common pitfalls, such as improper financial management aimed at reducing taxes, which can negatively impact a business’s valuation. They provide insights into planning ahead, offering strategies for cleaning up financials, optimizing taxes, and effective decision-making to enhance negotiation power and timing.