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Listen "61. Exiting One Business to Pursue Another"
Episode Synopsis
In this episode Neel and Johnny chat with Sergio, Johnny's business partner in Orange Window Cleaning, about their recent sale of the business.
While Sergio and Johnny had always had a goal of growing a business to $10M, they realized over time that the vehicle they had built was not going to get them there without a much higher commitment of money and time. By contrast, another business they had built did have that potential, and they realized over time that they couldn't succeed in that business, an e-learning platform, without selling the business they had already built to maturity.
Other points covered:
the danger of "shiny object syndrome" for entrepreneurs
the terms of the deal Johnny and Sergio struck with the employee they sold the business to
why youth makes failure not seem so scary
Enjoy the episode!
While Sergio and Johnny had always had a goal of growing a business to $10M, they realized over time that the vehicle they had built was not going to get them there without a much higher commitment of money and time. By contrast, another business they had built did have that potential, and they realized over time that they couldn't succeed in that business, an e-learning platform, without selling the business they had already built to maturity.
Other points covered:
the danger of "shiny object syndrome" for entrepreneurs
the terms of the deal Johnny and Sergio struck with the employee they sold the business to
why youth makes failure not seem so scary
Enjoy the episode!
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