Picture of Chris Shipferling is the Managing Partner and Head of Business Development for Global Wired Advisors

Investing in Online Businesses From an Investment Banker’s Point of View

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Chris Shipferling is the Managing Partner and Head of Business Development for Global Wired Advisors, a leading digital investment bank focused on optimizing the business sale process. His career focus is sales and marketing executive in consumer products.

For the past seven years, Chris has focused exclusively on high-level consulting for multi-million-dollar omnichannel, digitally native, and Amazon-based private label and re-seller brands. He finds client companies poised for sale, guides them through the initial steps, and then prepares them to make the best possible first impression. Chris enjoys working closely with owners throughout the process of selling their business, getting to know them personally so that we can better assist them in realizing their goals.

Here’s a glimpse of what you’ll learn:

  • Chris Shipferling’s background working with consumer products and what he learned from the experience
  • Why Chris started talking to consumers as opposed to listening to buyers’ subjective opinions about products
  • How Chris started his consultancy, how he met his business partners, and how Global Wired Advisors was born
  • What online business owners need to know before selling their businesses
  • Global Wired Advisors’ process of evaluating a company to invest in
  • Rich and Chris talk about upcoming events they will be taking part in

In this episode…

For a business owner, selling can be a daunting task. Limiting any risk of loss and ensuring interests and the interests of customers and stakeholders is an important part. Business owners are recommended to research different avenues to ensure they maximize the value of their company. But what if there was a way to optimize the business sale process?

Chris Shipferling advises online business owners not to rely solely on hearsay  – especially when selling their business. Information shared by friends, family, and mastermind group members may not be substantiated or have proven data to back it up. The seller may not know what is true and what is false. So, where should sellers get the best advice before selling their businesses?

Chris Shipferling, the Managing Partner of Global Wired Advisors, joins Rich Goldstein in this episode of the Innovations and Breakthroughs Podcast to talk about investing in online businesses from an investment banker’s point of view. They also discuss what sellers need to know before selling and exiting their businesses and Global Wired Advisors’ process of investing in brands.

Resources Mentioned in this episode

Sponsor for this episode…

This episode is brought to you by Goldstein Patent Law, a firm that helps protect inventors’ ideas and products. They have advised and obtained patents for thousands of companies over the past 25 years. So if you’re a company that has a software, product, or design you want protected, you can go to https://goldsteinpatentlaw.com/. They have amazing free resources for learning more about the patent process.

You can email their team at welcome@goldsteinpc.com to explore if it’s a match to work together. Rich Goldstein has also written a book for the American Bar Association that explains in plain English how patents work, which is called ‘The ABA Consumer Guide to Obtaining a Patent.’

Show Transcript

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