Todd Taskey has been an entrepreneur, business owner, investment banker, and business finance advisor for over 20 years. He is the M&A Advisor at Potomac Business Capital, where he helps CEOs and entrepreneurs maximize their company’s value and develop a successful exit strategy. His specialties include M&A, strategic acquisition, divestitures, and more.
In addition to his role at Potomac Business Capital, Todd is an angel investor at multiple companies, including Zoomph, Whitebox Inc, and RightEye LLC. He is also the host of the Second Bite Podcast, where he talks with top CEOs and entrepreneurs about creating valuable companies through creative transactions.
Here’s a glimpse of what you’ll learn:
- Todd Taskey shares a case study of how he creates liquidity for companies with $2-5 million in EBITDA
- When should businesses develop an exit process?
- The key components of structuring a business transaction
- How to evaluate companies available for acquisition
- Achieving freedom post-acquisition
In this episode:
One of entrepreneurs’ standard desires is attaining the freedom to work when and where they want. Selling and exiting your business is a viable option, but it requires extensive due diligence and a systematic process to execute effectively. How can you source and finalize optimal acquisitions?
According to seasoned M&A advisor Todd Taskey, the buyer acquires 100% of the business in an ideal transaction while the seller maintains equity in the new company. This can be accomplished through a private equity acquisition or by partnering with a company that specializes in your industry. Before executing any deal, Todd emphasizes maintaining your organization’s quality by implementing processes to systematize operations and finances.
In today’s episode of Systems Simplified, Adi Klevit is joined by Todd Taskey, the M&A Advisor at Potomac Business Capital, who details the components of a successful business transaction. Todd also explains how to evaluate potential companies for acquisition, the road to post-acquisition freedom, and the ideal time to exit a business.
Resources mentioned in this episode:
- Adi Klevit on LinkedIn
- Business Success Consulting Group
- Todd Taskey on LinkedIn
- Potomac Business Capital
- Second Bite Podcast
- Russell Benaroya on LinkedIn
- Stride 2 Freedom podcast
- “Another Bite at the Apple with Todd Taskey, CEO of Potomac Business Capital” on the Stride 2 Freedom podcast
- “Achieving Entrepreneurial Freedom: Tips for Making Your Business Independent of You” by Adi Klevit
Sponsor for this episode:
This episode is brought to you by Business Success Consulting Group.
At Business Success Consulting Group, we create custom processes and tailor-made management systems so businesses can thrive.
Businesses simply can’t survive without workable systems and well-documented processes. That’s why our team of experienced professionals takes care of it for you.
So, what are you waiting for? Do yourself a favor, and cut the chaos out of your business.