Today’s episode is different as I am being interviewed by John Warrillow – author of Built to Sell with an amazing podcast by the same name. John Warrillow has a statistically proven method for improving a company’s value by up to 71%. WOW! Even if you're not planning on selling anytime soon, this should grab your attention. I had the pleasure to chat with John a few weeks back when he interviewed me as a guest on his podcast Built to sell Radio which is ranked by Forbes Magazine as one of the world’s 10 best podcasts for business owners.
In this interview, I share my successes and failures with lessons learned. As an Entrepreneur for over 20 years having founded and managed six companies on both private and public levels , trust me, there have been many failures. This interview is my story specifically relating to taking a private company public and successfully selling my last enterprise for six times (EBITDA) to one of the largest independent equipment leasing companies in the world.
According to John Warrillow, the number one mistake entrepreneurs make is to build a business that relies too heavily on them. Thus, when the time comes to sell, buyers aren't confident that the company-even if it's profitable-can stand on its own.
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