Advice on building and selling a business #podcast

by jeffhilimire on May 1, 2014

A little while back I was on a Jason Swenk podcast where we discussed selling a business. I talked about building Spunlogic from two guys in a dorm room to selling to Engauge ten years later, and then building Engauge for five years until we sold that business last August.

Jason does a great job and I was really happy with how the podcast turned out. Some of the notes from the chat:

What are some keys to keeping your business growing?

  • You need to have at least one leader focused on growth.
  • Invest back into the business and keep your salary low.
  • Learning to delegate is key to growing. Give power to your team.
  • Build a culture where people want to have fun. Start a company trip to bring everyone together.
  • Commit 100% to growing.

What are two pieces of advice when selling your business?

  • Don’t get distracted when you go through the selling process.
  • If you get to the stage of talks about buying, treat it like it won’t happen.

Check out the podcast for more. Thanks, Jason!

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