When you hear about business acquisitions - these are usually stories about large corporations or startups, and rarely agencies. However, as it turns out, for a small business owner, this can very much be a strategy to grow (or to exit a business). But what does it take to sell your business? What does it take to buy one? This is what we're discussing today with my guest Karl Hughes. Karl started his own agency, Draft.dev, in 2020 and later acquired another one - The Podcast Consultant - in 2023. Curious to learn his strategy and the journey so far? Tune in. Watch on YouTube: https://lnkd.in/gJpmHEqz Listen on Spotify: https://lnkd.in/gVckbqtd Karl's LinkedIn: ?https://lnkd.in/gh5VCpXG? Need help in designing or building your startup: ??https://lnkd.in/dnKgrWT4? My projects and links: X: ??https://lnkd.in/g-HbCdxW?? Instagram: ??https://lnkd.in/gxE_vJnR?? LinkedIn: ??https://lnkd.in/gNDQSd6u?? TikTok: ??https://lnkd.in/ghn_KztM #entrepreneurship #acquisition #growth #agency
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??Ever wondered how to sell a dream? How to make people believe in something that doesn't exist yet? Our latest blog post is just for you! We're diving into the art of backing your pitch when there's no product yet. Learn how to paint a vivid picture of your vision and convince others to invest in your future. It's all about selling the promise, not the product. Check it out! #PitchPerfect #EntrepreneurLife ?? https://ow.ly/EThj30sCpbZ
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Thinking about selling your business? ?? If your company meets the right eligibility requirements, now might be the ideal time to make the move! Whether you’re looking to unlock new opportunities, simplify operations, or capitalize on market conditions, a well-timed sale can lead to growth and fresh perspectives. ?? If you’re unsure, let's chat about how selling could create more space for you to focus on new ventures or reinvest in what truly excites you. ?? After all, it’s not just about letting go—it’s about stepping into your next big thing. #BusinessGrowth #StrategicMoves #OpportunityKnocks
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?? Embracing the Journey of Entrepreneurship ?? Owning your own business is akin to steering a ship into unchartered waters. It's an exhilarating adventure that promises not just financial rewards but personal growth and fulfilment at every turn. Here's why embarking on this entrepreneurial voyage could be the best decision you ever make: ?? Freedom and Flexibility - Imagine having the autonomy to make decisions that directly impact your success. As a business owner, you're in the driver's seat, setting your schedules and priorities. This level of freedom is not just liberating; it's transformative, both personally and professionally. ?? Innovation and Personal Growth - Entrepreneurship pushes you out of your comfort zone, challenging you to innovate and solve problems creatively. This constant evolution fosters a mindset of growth and resilience, invaluable traits that spill over into every aspect of your life. ?? Building a Business - There's something profoundly rewarding about seeing your vision come to life. Your business is a canvas for your passion and ideas, a place where you can make a tangible impact on your community and the world at large. Of course, the entrepreneurial path is not without its challenges. The responsibilities can be daunting, with financial risks and the possibility of long hours. Balancing work and personal life becomes a critical skill to master. However, these hurdles are often dwarfed by the immense satisfaction that comes from overcoming them, growing stronger, and more adept in the process. In essence, owning your own business is more than a career choice—it's a lifestyle that offers unparalleled opportunities for fulfillment and achievement. It's about crafting a legacy of courage, innovation, and resilience. So, to all the dreamers, innovators, business builders and future business owners out there, the journey awaits. Are you ready to embark? Get in touch at https://lnkd.in/gC9hG_r #businessesforsale #business #businessbroker #IOM
buy, sell or merge a business in absolute confidence
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Buying businesses seems to be getting more glamourised recently ??? It’s almost going down the same path as buying property with a lot of people selling the dream Buying a business is tough But running it is even tougher ?? It’s definitely not a get rich quick scheme If you have started & operated businesses before you’ll know what I’m talking about You have countless problems & challenges to deal with on a daily basis There’s no start & finish time, certainly not in the beginning. Anyone relate to that!? & when you buy a business, you’re parachuting yourself into the problems within that business So you really should be experienced, otherwise you could cause the business and yourself a lot of damage! I know so many people who have bought a business and a few months later it’s on its arse ?? However… One of the best ways to navigate all of this is to partner up with people who have the skills you lack. Find your JV partners before you do the deal & you can make a huge success of it????
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Most businesses fail because they depend on exceptional people doing exceptional things every day. That’s not sustainable. Franchising flips the script. The average person, on an average day, can execute and see predictable results: steady revenue, consistent outcomes. That’s the power of building a business that works for normal people. Here’s the secret: it’s not magic—it’s investment. Before the first dollar comes in, you build the systems, the platform, and the process that make success predictable. Find a business model that’s executable for everyday people. Build a billion-dollar platform at the start. That’s how you create a scalable, sustainable business.
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One of the most valuable lessons I've learned on this journey is the importance of shifting the mindset from selling to solving. When you focus on solving problems rather than just selling products or services, you create real value for your clients. ?? In the early stages of Aronin Creations, I realized that clients are not just looking for services; they are looking for solutions to their problems. Whether it's enhancing their brand image through graphic design or creating engaging video content, our goal is to understand their needs and provide solutions that exceed their expectations. This approach has transformed the way we operate. Instead of pushing our services, we take the time to listen to our clients, understand their pain points, and tailor our offerings to address those specific issues. This not only builds trust but also establishes long-term relationships. By focusing on solving problems, we demonstrate our commitment to our clients' success, which in turn drives our own success. It's a win-win situation that leads to mutual growth and satisfaction. Remember, the key to successful entrepreneurship is not just about selling more but about solving more. When you prioritize solving over selling, you create lasting value and build a reputation that clients appreciate and trust.
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Could you imagine your business thriving without you? If you can't, then neither will a buyer. As a small business owner, the operation you've built can feel like an extension of you. Even if you have a strong team of managers, there are certain nuances only you notice and know how to navigate. Becoming the key man/woman is an advantage in large companies and professional athletic teams, but it's a steep disadvantage in small business - if you ever hope to retire with a lucrative exit. The best business owners create companies that succeed without them. Having your hands on the wheel should always add value, but it shouldn't be a necessity. Seth Godin (author, entrepreneur and executive) explained how to make this mindset shift during his interview with John Warrillow's Built to Sell radio. Here's a nugget: "The key to getting an above average multiple from a strategic acquirer is to stop thinking about your multiple and to start thinking about theirs. Make your business into a key that unlocks a treasure chest for an acquirer, and your business will become so irresistible to them that an acquirer will come to you, giving you the negotiating leverage you need to drive up the price beyond industry standard multiples." (Full interview here: https://lnkd.in/gAQuUepF) Build your business, but put them first. Future you will be glad that you did. #MondayMuscle #Acquisition
Seth Godin on How to Make Your Business Irresistible to an Acquirer | Built to Sell News
https://builttosell.com
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While it’s important to build a business that’s scalable and sellable, not every venture needs to be designed for exit. For me, my brand and expertise are inseparable from my business. Clients come to me because of the unique value and perspective I bring. Sometimes, the most powerful differentiator is being fully embedded in the work—where your personal brand and deep relationships are what drive success, rather than positioning for a future sale. Not all businesses need an exit strategy; some are strongest when they're a direct extension of the founder.
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Strategic Acquirers vs. Private Equity: Which Exit is Right for You? When it’s time to sell your business, understanding your buyer options is key. Here's a quick breakdown: Strategic Acquirers ?? Likely to pay a premium (~30%) ?? Remove competition ?? Access to key customers & geographic growth ?? Bring industry experience & support systems ? Smoother, quicker exit for founders ? Potential loss of brand identity Private Equity ?? Typically buy 70% controlling stake ?? You get $10.5M upfront (on a $15M valuation) & retain 30% ownership ?? Provide growth capital & strategic plans ?? Stay involved for ~5 years to drive growth ?? Business sells for $50M in 5 years = Your 30% nets $15M! Both have their perks—whether you’re after a quick exit or want to grow alongside your business, the choice depends on your goals. ?? Which path would you choose? Let’s discuss in the comments! ~ ~ ~ #BusinessSale #StrategicAcquirers #PrivateEquity #ExitStrategy #Entrepreneurship #BusinessGrowth
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