5 • 2K Ratings
🗓️ 2 October 2023
⏱️ 32 minutes
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0:00.0 | Hello, and welcome to the exit presented by Flipup, the number one platform to buy and sell online businesses. |
0:06.0 | Flipup manages over a billion in deal value annually and combines expert buy and sell side advisory with its market leading valuation tool, |
0:14.0 | deal room, off market offering, market insights and AI based deal by deal matching engine. Now for the exit. |
0:22.0 | The exit is a 30 minute podcast featuring awesome entrepreneurs who have been there and they have done it. |
0:27.0 | The exit talks to operators who have bought and sold businesses of all different sizes. You learn how they did it. |
0:32.0 | Why they did it and get exposure to the world of exits. It's a world occupied by a small few but accessible to many in this episode of the exit. |
0:41.0 | I sit down with Greg Sloan and awesome entrepreneur who walks through his exit to the matter group. |
0:48.0 | He started a company called Daniel advisors and in this episode he literally walks through end to end what it was like having two potential courted acquiring companies fall through within a year time frame. |
1:03.0 | And then going through a broker with 70 plus interested buyers narrowing that down to nine from the broker and then going forward with two one Atlanta where he was based in one in Chicago. |
1:17.0 | And he talks through that whole experience. This is a really great episode for anybody that is interested in going through a banker or someone that's going to shop around your deal. |
1:28.0 | And the fact that Greg had already gone through two different processes with two different potential acquires leading into this banker negotiation. |
1:42.0 | It was such a value add because he had everything ready. He had all of his ducks in a row. He knew exactly what needed to be said. And also he had his three key metrics. |
1:56.0 | His values, his vision and the valuation. And these types of metrics that people are tracking internally for themselves and as a business are extremely underrated. |
2:07.0 | And it was really fun walking through this with Greg and the importance of these three key metrics that he tracks internally and externally. |
2:15.0 | So without further ado, let's sit down with Greg Sloan and he's going to walk us through his whole journey here. So sit back, relax and enjoy the ultimate preparedness episode here on the exit. |
2:37.0 | All right. I am here with Greg Sloan, the legendary serial entrepreneur. How's it going Greg? |
2:48.0 | Good to be with you today. Yeah. I'm excited to unpack your exit. But before we get there, let's start with your background. What got you into business and entrepreneurship? |
2:58.0 | Well, you know, it's kind of in light of this past week, I'm from that little town in Hawaii called Lahaina, which has been on the news this entire past few weeks. |
3:08.0 | That front street location is where I grew up, that school that burned down at the end called command method elementary school. I went to the elementary school. |
3:17.0 | So I am from Hawaii originally and what I always say was my grandfather was this seed that planted me. He planted the seed into my entrepreneurship. |
3:27.0 | So when I was a young kid and I would go over and spend summers at his house and just work in the yard with him. He was a mechanic, but he had gone blind. |
3:36.0 | So I was his eyes. Well, he taught me how to fix things. But he would also pick up a cotter pin every once in a while and he would say, Greg, if you just invent this cotter pin, you'll be a millionaire. |
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