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:
http://tnvalleygroup.com/entrepreneurs-ma-journal-episode-49interview-shola-abidoye/