by CONVERTPort™ | Jun 25, 2015 | General
Listen To the Full Episode Here: http://tnvalleygroup.com/entrepreneurs-ma-journal-episode-49interview-shola-abidoye/ I had the pleasure of appearing on one of the top M&A radio shows online and it was a hoot. Some of the things discussed: Entrepreneurs think a lot about the start-up process, but not a lot about the exit. (3:47) Most small businesses don’t have an exit plan, I was in that camp. (4:28) I didn’t have the fire about the business anymore. (5:07) Letting go of your business is not easy. (6:10) Perhaps 2 in 10,000 businesses grow to 8 figures. (6:30) Because the largest businesses grow through acquisition, it made sense to sell to a bigger company. (8:30) I thought about what features a business buying another business like mine would want. (9:10) I asked them to make an offer first, but I knew I had done my homework on the valuation. (11:00) It took about 30 days to finish the deal. (13:00) I did make some mistakes on a tactical and strategic level. (13:53) I did not do any exit planning when I began as an entrepreneur. (14:10) I would consider in subsequent businesses to buy part of other companies rather than the whole company. (16:00) Digital Sales has three main pillars, customer research, online advertising, and follow up. (17:08) You would be surprised how many business are not following up. (18:00) Being able to buy awareness and go from a click to a client. (18:40) Listen To the Full Episode Here:...
