The Game Has to End at Some Point

1 feb 2022 · 53 min. 37 sec.
The Game Has to End at Some Point
Descrizione

This week, in episode 94, Shawn Busse, Paul Downs, and Jay Goltz talk about their evolving succession plans. There are lots of options—selling the business, turning it over to a...

mostra di più
This week, in episode 94, Shawn Busse, Paul Downs, and Jay Goltz talk about their evolving succession plans. There are lots of options—selling the business, turning it over to a family member, selling it to an employee stock ownership plan, holding a going-out-of-business sale, just walking away—and they all come with advantages and disadvantages. Shawn, Paul, and Jay take us through their current thinking and also tell us whether their businesses are prepared for the possibility that they could be incapacitated. Plus: Would any of them consider instituting a four-day work week? And we can report that this podcast now has its first B Corp. Who knows what a B Corp is?
mostra meno
Commenti
Buzz Park

Buzz Park

2 anni fa

Great episoide. I want to encourage Paul that there is a much more efficient way to double his customer base than trying to grow organically 14% per year for 5 years. May I suggest Paul seriously consider scaling through acquisition - buying other furniture companies. There are multiple benefits to this type of growth and often, these acquisitions can be made without a huge cash expenditure out of pocket (there are many ways to structure the deal to accomplish this). Not only could Paul instantly double his customer base, he would also be instantly gaining the talent and manufacturing capacity to handle the growth. Post-acquisition consolidation could reduce overhead and costs. Also, he could potentially cross-sell to this new customer base and vice versa, significantly increasing the lifetime value of each customer. There are too many other potential benefits to list here. So if his exit strategy is to grow large enough to be attractive to a strategic buyer, why not BECOME the strategic buyer. With this strategy he could even grow large enough to become attractive to a private equity firm in less than 5 years and sell at a MUCH higher multiple if he wanted to. Frankly, this strategy is viable for all your guests, including Jay 😄 Just a thought.
Informazioni
Autore Loren Feldman
Sito -
Tag

Sembra che non tu non abbia alcun episodio attivo

Sfoglia il catalogo di Spreaker per scoprire nuovi contenuti

Corrente

Copertina del podcast

Sembra che non ci sia nessun episodio nella tua coda

Sfoglia il catalogo di Spreaker per scoprire nuovi contenuti

Successivo

Copertina dell'episodio Copertina dell'episodio

Che silenzio che c’è...

È tempo di scoprire nuovi episodi!

Scopri
La tua Libreria
Cerca