Episode 261-Paul Spradling on Selling or Getting Funding for Your Business with Lois Sonstegard,PHD

Welcome to Episode 261 of Building My Legacy. Paul Spradling is the co-founder of Pacifica Advisors, which was named one of the top 25 investment banks in 2022 by Axial, the largest online platform for buying, selling, advising and financing private companies. Paul’s company works with small to medium-sized businesses, helping owners sell their businesses and, for those looking to grow, find capital investors. In this podcast Paul talks about exit strategies and new funding options for businesses. He understands the emotional connection owners have to their businesses. His advice will be helpful for business owners contemplating retirement as well as those who see growth opportunities and may want to take on an investor who will provide funding in exchange for a non-controlling interest. So if you want to know: Five tips for owners who are thinking about selling their business The biggest mistake owners can make in exiting a business About the differences between private equity and venture capital About “search funds” and when it makes sense to consider this new funding alternative The importance of knowing “what comes next” after you sell your business About Paul Spradling The co-founder of Pacifica Advisors, Paul Spradling has helped hundreds of businesses exit and attract growth capital investors. A graduate of Cornell University, Paul raised more than $350 million in capital before the age of 30 and has worked with Blackstone, Goldman Sachs and other large names in the industry. With his business partner, a corporate finance professor, Paul established Pacifica Advisors to focus on lower middle market companies and today works with companies with an EBITDA from $1.5 to $25 million. By concentrating on this largely ignored market, Pacifica Advisors has grown and was named one of the top 25 investment banks in 2022 by Axial. More information is available on his company website, www.pacificaadvisors.com About Lois Sonstegard, PhD Working with business leaders for more than 30 years, Lois has learned that successful leaders have a passion to leave a meaningful legacy. Leaders often ask: When does one begin to think about legacy? Is there a “best” approach? Is there a process or steps one should follow? Lois is dedicated not only to developing leaders but to helping them build a meaningful legacy. Learn more about how Lois can help your organization with Leadership Consulting and Executive Coaching: https://build2morrow.com/ Thanks for Tuning In! Thanks so much for being with us this week. Have some feedback you’d like to share? Please leave a note in the comments section below! If you enjoyed this episode, please share it with your friends by using the social media buttons you see at the bottom of the post. Don’t forget to subscribe to the show on iTunes to get automatic episode updates. And, finally, please take a minute to leave us an honest review and rating on iTunes. They really help us out when it comes to the ranking of the show, and I make it a point to read every single one of the reviews we get. Please leave a review right now. Thanks for listening! Building My Legacy https://businessinnovatorsradio.com/building-my-legacy/ Source: https://businessinnovatorsradio.com/episode-261-paul-spradling-on-selling-or-getting-funding-for-your-business-with-lois-sonstegardphd