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المحتوى المقدم من Julie Wilkinson. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Julie Wilkinson أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.
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Build and Exit

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المحتوى المقدم من Julie Wilkinson. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Julie Wilkinson أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.
As a chartered management accountant by trade, I uncovered my true potential at 37, moving from a well-paid corporate job to building my own accounting and consultancy firm. Having worked on 5-10 acquisitions or business exits each month for clients, I understand the key challenges business owners face, including getting the real value they want for their business, whilst having the right controls and processes in place so the business can run independently of the owners. The Build and Exit podcast will include conversations, stories and real-life examples of day-to-day challenges business owners face, different methods of growth including acquisitions and top tips on how owners can transition from working in their business to working on it, enabling them to maximize their value on exit. I will also include episodes where I share my own learnings on business management and how Wilkinson Accounting Solutions are planning to continue to grow by acquisition.
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Build and Exit

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المحتوى المقدم من Julie Wilkinson. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Julie Wilkinson أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.
As a chartered management accountant by trade, I uncovered my true potential at 37, moving from a well-paid corporate job to building my own accounting and consultancy firm. Having worked on 5-10 acquisitions or business exits each month for clients, I understand the key challenges business owners face, including getting the real value they want for their business, whilst having the right controls and processes in place so the business can run independently of the owners. The Build and Exit podcast will include conversations, stories and real-life examples of day-to-day challenges business owners face, different methods of growth including acquisitions and top tips on how owners can transition from working in their business to working on it, enabling them to maximize their value on exit. I will also include episodes where I share my own learnings on business management and how Wilkinson Accounting Solutions are planning to continue to grow by acquisition.
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Imagine buying a business for £1 and it all goes wrong. The previous owners have been paying themselves with the staff’s wages but not paying the staff. And this is just the tip of the iceberg. This was the experience of my guest Charlie Norton. Charlie shares the whole story of how he went from a £1 business purchase to sinking £40k of his own money into the business just to pay off immediate debts, but that still wasn’t enough… He discusses why due diligence could have saved him from ever going through this challenging acquisition that he says left him in poor health because of the stress. He has since gone on to successfully sell his group of businesses and move on from this experience. Charlie's experiences highlight the complexities of business acquisitions and the importance of learning from failures to inform future decisions. "One bad experience doesn’t define your whole life" – Charlie Timestamps 01:56 - Charlie's Journey in M&A 05:49 - The Stressful Acquisition Experience 11:51 - Overcoming Challenges in Business Acquisition 18:08 - Lessons Learned from a Failed Acquisition 23:46 - Transitioning to a New Business Model 30:00 - Conclusion and Future Aspirations Connect with Charlie Norton: LinkedIn - https://www.linkedin.com/in/charlie-norton-767953227/ Vamos - https://vamosbusiness.com/ Connect With Julie Wilkinson LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/ Find out more about our brilliant sponsor Acquisition Masters here - https://www.acquisitionmasters.co.uk/ Before you go, don’t forget to leave a comment and review if you got something out of this episode!…
 
What would you do if you faced losing everything? When the COVID-19 pandemic hit, Céline Aloé, CEO of UKLC, saw her business revenue drop to zero overnight. But instead of giving up, she made bold moves to survive and thrive. In this episode we dive into Céline’s journey of resilience, personal growth, and strategic reinvention. Discover how investing in coaching, embracing acquisitions, and leading with empathy transformed her business. If you're an entrepreneur facing uncertainty, Céline’s story will show you that even in crisis, opportunities await. Tune in for an inspiring conversation filled with actionable insights! "Once I opened my mind to growing through acquisition opportunities began to present themselves" – Céline Aloé Timestamps 01:43 - An introduction to Celine 07:23 - Investing in herself at challenging times 10:43 - Not taking the work into her personal life 16:50 - Finding the route into acquisitions 21:53 - Building groups by acquisition 23:53 - The impact of bringing in the right people 25:55 - Celine's vision for the future Connect with Céline Aloé: LinkedIn - https://www.linkedin.com/in/c%C3%A9line-alo%C3%A9-ceo-at-uklc-education-group-b665541/ UKLC - https://uklc.org/ Connect With Julie Wilkinson LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/ Find out more about our brilliant sponsor Acquisition Masters here - https://www.acquisitionmasters.co.uk/ Before you go, don’t forget to leave a comment and review if you got something out of this episode!…
 
The tables are turned in this episode. I am in the hot seat revealing all about my own acquisition story. I am joined by Astan Morarji, a Multi-Exited Founder and Leader, who interviews me on the importance of acquisitions in business growth and the challenges faced during my recent acquisition. We discuss the significance of understanding client relationships, the learning process in acquisitions, and the drive to help business owners maximise wealth and create generational wealth through strategic business decisions. Financial literacy is so important for business owners, especially in acquisitions. So, we explore the common concerns sellers have during the acquisition process, the significance of warranties and fair terms, and the misconceptions surrounding no money down deals. This was a lot of fun to be hot in the hot seat, I do hope you enjoy this episode! "Acquisitions should be a growth vehicle" – Julie Wilkinson Timestamps 01:27 - An introduction to Astan 03:13 - Julie's background and journey into business 08:25 - How her background shaped her as a business owner 09:59 - The details of Julie's acquisition 12:30 - How long did the acquisition process take? 15:07 - The complexities of the asset sale 20:52 - The seller's relationship with the clients 24:08 - De-risking concerns with the deal 30:50 - What has Julie learned from this deal? 36:10 - Are buyers always visionaries? Connect with Astan Morarji: LinkedIn - https://www.linkedin.com/in/astanm/ Connect With Julie Wilkinson LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/ Find out more about our brilliant sponsor Acquisition Masters here - https://www.acquisitionmasters.co.uk/ Before you go, don’t forget to leave a comment and review if you got something out of this episode!…
 
Financial literacy is the biggest barrier to successful M&A. Both sellers and buyers need to know how the numbers work to ensure they get the best deal. In this episode I am joined by Erin O'Leary, an M&A and exit advisor. We explore the intricacies of business acquisitions and exits. Erin shares insights from her extensive experience, including a case study of a legacy bus company and the factors influencing business valuation. We also share our experiences as women in the M&A space, from representation of women to the strengths women have as CEOs. This episode is full of insights into what buyers and sellers need to know to get the best out of their deals. " Valuation is relative to the buyer's situation " - Erin O'Leary Timestamps 01:53 - An introduction to Erin 03:50 - The biggest issues in acquisitions 07:26 - The lack of financial expertise in acquisitions 13:37 - Why founders need to be financially literate 17:55 - A laborious bus company acquisition 22:15 - Where adjustments in the valuation happen 28:01 - Erin's current projects Connect with Erin O'Leary: LinkedIn - https://www.linkedin.com/in/erinolearymba/ Connect With Julie Wilkinson LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/ Before you go, don’t forget to leave a comment and review if you got something out of this episode!…
 
Imagine selling your business for 9 figures. Would you start imagining what you could do with it all before the deal is done? My guest in this episode not only imagined he started spending it. Only to find that half of it fell through between the letter of intent to the final deal. Alexis Sikorsky shares his journey of building and exiting a software company for a nine-figures. He discusses the challenges he faced during the financial crisis, and the role of private equity in his business growth. We also highlight the differences between lifestyle and growth companies and offer insights into how entrepreneurs can maximize their business value. "From the letter of intent to an actual sale half of the deal fell through" - Alexis Sikorsky Timestamps 01:45 - An introduction to Alexis 07:48 - From hard times to 9 figure exit 12:27 - How bringing in expert knowledge helped 14:08 - Did Alexis have to get creative with cashflow? 14:36 - The timescale to sell after bringing in the PE firm 17:39 - Alexis on his experience with the PE firm 24:32 - The big issue with pre-negotiations 31:05 - Moving away from a lifestyle business sooner Connect with Alexis Sikorsky: LinkedIn - https://www.linkedin.com/in/alexis-sikorsky-consulting/ Website - https://www.asikorsky.com/ Connect With Julie Wilkinson LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/ Before you go, don’t forget to leave a comment and review if you got something out of this episode!…
 
There are simple things you can do to get your acquisitions completed faster. So many people aren’t prepared in the way they should be, which dramatically slows down the process of buying or selling a business. In this episode I am joined by Jamil Anakkar, the CEO of Tandy Ventures, who shares where he sees the massive opportunities in M&A right now. Jamil outlines the challenges he faced during his first acquisition, and the importance of effective communication and financial health in the acquisition process. To be best prepared you need to deal in person with the seller as much as possible before handing over to solicitors. Leave too much to them and it will slow you down. If you want to find out how you should be prepared for your business acquisition, listen up! "Bigger deals are generally easier. " - Jamil Anakkar Timestamps 01:46 - An introduction to Jamil 06:57 - How many owners are hands off in their business? 09:07 - Jamil on closing his deal in 6 months 13:05 - Agree as much as possible with sellers before solicitors 16:02 - Identifying big risks at heads of terms 26:54 - The biggest trend in businesses below audit level 30:26 - Not investing in the right people 36:48 - Jamil's future aspirations Connect with Jamil Anakkar: LinkedIn - https://www.linkedin.com/in/jamil-anakkar/ YouTube - https://www.youtube.com/channel/UC21gxYXKncu-ir8zbiqRgqA Tandy Ventures - https://www.tandygroup.net/ Connect With Julie Wilkinson LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/ Before you go, don’t forget to leave a comment and review if you got something out of this episode!…
 
Is your business too dependent on you? Far too many companies are lifestyle businesses that would fall apart without the owner. This can jeopardise your exit, so detaching yourself from working in the business is essential. In this episode I am joined by Michèle Hecken, who built, operated, scaled, and exited a successful business in the translation industry. After completing a high-7-figure exit she now serves as an Advisor to high performers wanting to run businesses that serve them and live lives they dream of. She shares how she scaled and exited her translation company, learning the art of off-boarding as she went. She also gives strategies you can use to create a business that can operate independently of you. Off-boarding tasks and jobs can maximise the value of your exits. So, let’s hear from Michèle! "The art of off-boarding is a game changer" - Michèle Hecken Timestamps 01:29 - An introduction to Michèle Hecken 03:20 - Working on the business not in it 05:26 - How Julie stopped working in her business 10:23 - Julie's story developing her business 12:47 - The steps Michèle took to step back in her business 18:33 - The problems with service-based businesses 26:11 - Focusing on governance and controls 33:59 - The power of the finance team 36:23 - Tying systems to KPIs Connect with Michèle Hecken: LinkedIn - https://www.linkedin.com/in/michelehecken/ Michèle’s website - https://www.michelehecken.com/ Instagram - https://www.instagram.com/mhecken/ Facebook - https://www.facebook.com/mhecken/ Check out special Michèle's offer just for you the Build & Exit listeners! https://api.leadconnectorhq.com/widget/bookings/buildandexit/podcast/special/offer Connect With Julie Wilkinson LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/ Before you go, don’t forget to leave a comment and review if you got something out of this episode!…
 
How does it feel to sell your business to a multinational chain? Edin Basic did just that. Building his chain of restaurants up to 17 sites before selling it to Pizza Express. But when the deal was done, he didn’t go out celebrating, he was left with the feeling of “was that it?” For him the journey of building the business had been the real enjoyment of the whole process. He talks candidly about how he felt at every step of the way and afterwards. He shares the complexities of exiting as well as the importance of preparation and governance. Edin emphasizes the significance of understanding the market dynamics and being ready for unexpected changes that can influence your decision of when is best to make the deal. Now helping other business owners with their own growth and exit strategies there is a lot to learn from Edin. "It's all about the journey rather than the destination." – Edin Basic Timestamps 01:05 - An introduction to Edin 03:06 - Scaling to exit position 07:28 - Getting clear about what you want 13:25 - How did the exit with Pizza Express happen? 18:36 - Knowing the right time to exit 22:25 - How Edin felt after selling 25:55 - Did the deal change before the end? 32:03 - The emotional side of selling a business 37:04 - Working after the exit Connect with Edin Basic: LinkedIn - https://www.linkedin.com/in/edinbasic-help-food-and-beverage-founders-grow-and-exit-their-business/ We Amplify - https://we-amplify.co/ Connect With Julie Wilkinson LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/ Before you go, don’t forget to leave a comment and review if you got something out of this episode!…
 
Are you intentional about scaling your business for exit? So many organic business owners don’t have a plan and don’t know what the end goal is. If they did their loved ones would thank them so much more for doing things right when things passed onto them. In this episode I speak with Rachel Murphy, a two-time exit founder, about her entrepreneurial journey and 8x multiplier exit. Rachel gives insight into the importance of intentional business scaling, and the challenges and opportunities faced during the COVID-19 pandemic. She also emphasizes the need for better exit strategies and support services for business owners, particularly female founders. She is currently the founder of The Grafter, a business consultancy that helps professional services businesses grow, scale, and exit, maximizing their value in the process. So there is a lot to learn from Rachel otherwise known as “The Legend”. "I was really clear and intentional that it was going to be an in and out in five years." – Rachel Murphy Timestamps 01:13 - Rachel's background in business exits 03:13 - Was Rachel always going to sell her business? 05:47 - The end intentions of organic business owners 10:56 - Getting the staff on board during acquisitions 14:36 - The opportunities brought by Covid 18:49 - The exit from the 8x multiplier 22:23 - Rachel's view on the exit planning market 29:34 - Entrepreneurship through acquisition Connect with Rachel Murphy: LinkedIn - https://www.linkedin.com/in/rachthegrafter/ The Grafter - https://thegrafter.com/ Rachel’s Linktree - https://linktr.ee/RachMurphy Connect With Julie Wilkinson LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/ Before you go, don’t forget to leave a comment and review if you got something out of this episode!…
 
Have you considered becoming an investor? The mindset you need differs significantly from being an operator of the business. One that my guest in this episode, Taha Afshar explores with us. Taha started his journey working in a family-run tea business to then make the shifts needed to diversify their income. He shares his experiences moving to the world of investments. Where he has now successfully acquired and managed multiple businesses. Taha delves into the importance of diversification in investment portfolios, the challenges of navigating the acquisition process, and the strategies for managing acquired businesses. With this approach to investments as a form of diversification Taha has given his family a solid foundation for future growth. “I had a 115% return in the first year.” – Taha Afshar Timestamps 01:10 - An introduction to Taha 02:16 - Why Taha decided to diversify 08:47 - How Taha found the first business he bought 12:05 - Taha's experience in the sector he bought 13:32 - Acquisition number 2 18:20 - Does Taha work full time in investments? 20:47 - Getting the systems and processes right 25:20 - Evolving and learning 29:22 - Has investing given Taha what he wanted? Connect with Taha Afshar: LinkedIn - https://www.linkedin.com/in/tahaafshar/ X - https://twitter.com/tahaafshar?lang=en-GB Connect With Julie Wilkinson LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/ Before you go, don’t forget to leave a comment and review if you got something out of this episode!…
 
The journey to business owner is never straight forward. In this episode that journey started due to my guest, David Longford, taking over the business from the owner just before he passed away. This transition from employee to business owner required respect and a focus on the long-term growth of the business. David talks about the process involved in taking over from an owner in these difficult circumstances. David shares how he successfully exited without an earn-out and avoided insolvency. He also highlights the need for clear communication and trust-building with potential buyers during the exit process. This episode provides valuable insights into the acquisition and exit journey. “You’ve just got to recognise your weaknesses” – David Longford Timestamps 01:13 - An introduction to David 02:34 - Transitioning from employee to buyer 05:54 - How David got the company shares 10:34 - The pressures you put on yourself as a new CEO 13:07 - Why no money down deals don't work 21:15 - The key thing in David's exit process 28:25 - What the sale structure looked like Connect with David Longford: LinkedIn - https://www.linkedin.com/in/longford/ Connect With Julie Wilkinson LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/ Before you go, don’t forget to leave a comment and review if you got something out of this episode!…
 
How can customer service affect your business sale? Buyers looking at your business would have more confidence in their investment if they saw customer satisfaction was high. So, making sure you not only have satisfied customers but evidencing it is key. In this episode I am joined by customer service expert Geoff Ramm. He is the creator and author of Celebrity Service & Celebrity Service Superstars. And has challenged and inspired audiences across 50 countries, to create award-winning ideas to outperform the competition. Geoff shares ideas to take your customer service not only to the next level but to the heights you would go to if you were serving your celebrity idol. This not only impacts the success of your business but will give you an advantage when selling it. This episode is full of great ideas to improve the lasting impression you have on your customers. “What sort of service would you deliver if a celebrity would walk through your doors today?" – Geoff Ramm Timestamps 01:09 - An introduction to Geoff 02:46 - How would you rate your service? 06:57 - Having the same excitement for all customers 11:00 - Staff and the customer service equation 20:39 - Using customer service in selling businesses 25:33 - Recognition from the customers Connect with Geoff Ramm: LinkedIn - https://www.linkedin.com/in/customerservicespeaker/ Facebook - https://www.facebook.com/geoff.ramm.5 X - https://x.com/GeoffRamm YouTube - https://www.youtube.com/@geofframm Geoff’s website - https://www.geofframm.com/ Connect With Julie Wilkinson LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/ Before you go, don’t forget to leave a comment and review if you got something out of this episode!…
 
Have you planned for the worst? Imagine you’re at death’s door and know you have no plan for what will happen to your business if you die. This is the exact experience one of my guest’s clients faced. And the worst did happen. Sadly, she passed with no plan for what would happen to the business once she was gone. Not a situation anyone wants to find themselves in. In this episode I am joined by Paula Wingate, who is dedicated to helping 7 figure hardworking women unleash their explosive business potential without feeling overwhelmed or sacrificing their life in the process. She shares stories that will make you think twice about your own business planning. She also turns the tables and interviews me about my own journey scaling Wilkinson Accounting Solutions, how to price right from the start and what every business owner should be doing to sell their business at maximum value. There is a lot to learn from this one so get ready! “Sometimes you've got to get that slap in the face to say, is this worth it?" – Paula Wingate Timestamps 01:23 – Introduction to Paula 02:08 - 7 figure tragedies in exits 06:56 - Going from 100 to 40 hours work a week 12:20 - Julie's journey employing others 16:50 - What would Julie do differently? 22:52 - Paying for the right people 26:58 - Pricing wrong from the start 36:12 - How Julie makes 3.5 return from expenses 42:41 - How to sell your business at max value Connect with Paula Wingate: LinkedIn - https://www.linkedin.com/in/7figurebusinesscoach/ Influential Minds - https://www.influentialminds.co.uk/ Connect With Julie Wilkinson LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/ Before you go, don’t forget to leave a comment and review if you got something out of this episode!…
 
What would you do to make your business a success? Would it include jumping from a broken-down train to hitch hike to a product pitch? Well, that’s what my guest in this episode did for an idea that didn’t even work out. Todd Sullivan grew up in an entrepreneurial household and has lived this way ever since. He is the CEO and Managing Partner of Exitwise, a company that helps businesses sell. Todd shares some of the incredible ups and downs he has faced including a failed exit that resulted in losing all his staff and suppliers. After rebuilding he was able to go on to sell multiple other businesses. He also shares his entrepreneurial story including the incredible mission he and his brother went on to pitch to Toys ‘R’ Us. Todd shares his advice to aspiring entrepreneurs as well as the challenges of the M&A process and the importance of surrounding oneself with the right advice “The entrepreneurial journey is a complete emotional and financial roller coaster” – Todd Sullivan Timestamps 01:55 - An introduction to Todd 03:48 - Todd on an exit falling through 06:45 - How Todd got through the difficult times 12:18 - Jumping from a train to meet Toys 'R' Us 19:22 - Todd's journey to entrepreneurship 22:15 - Todd's advice for entrepreneurs 25:02 - How Julie got into entrepreneurship Connect with Todd Sullivan: LinkedIn - https://www.linkedin.com/in/toddfsullivan/ Exitwise on LinkedIn - https://www.linkedin.com/company/exitwise/ Exitwise - https://exitwise.com/ Connect With Julie Wilkinson LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/ Before you go, don’t forget to leave a comment and review if you got something out of this episode!…
 
Selling a business comes with risks, but the buyer tyring to swindle you right at the end would challenge anyone’s nerve. My guest in this episode, Sam Oliver, shares his experience of successfully selling his business and going through an earn-out clause. He discusses the challenges he faced when the buyer suddenly changed the processes at the last moment. He shares what happened with disputes over the deferred consideration and the lengthy and costly process of resolving them. He also provides insights into what he would have done differently to protect himself and offers advice for other entrepreneurs going through similar situations. “I thought they wouldn’t want to fire me, piss me off, and give me a shit offer” – Sam Oliver Timestamps 02:08 - An introduction to Sam 02:53 - Did Sam plan to have an exit? 06:34 - Growing a company to 37% market share 11:57 - Why did the earn out go wrong? 14:25 - How did Sam challenge low payments? 21:14 - Could Sam have done anything differently? 24:49 - Why did the buyer have this strategy? 27:09 - Sam's new venture Openfi Connect with Sam Oliver: LinkedIn - https://www.linkedin.com/in/sam0liver/ OpenFi - https://www.openfi.tech/ Lead Pro - https://www.lead.pro/ Advance To Go - https://www.advancetogo.com/ Connect With Julie Wilkinson LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/ Before you go, don’t forget to leave a comment and review if you got something out of this episode!…
 
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