4.8 • 2.1K Ratings
🗓️ 13 December 2024
⏱️ 12 minutes
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0:00.0 | What's been your biggest, like, sale of a company, like exit-wise? |
0:04.3 | So most of the money I made was operational. |
0:07.3 | Just doing it during the business. |
0:08.8 | I mean, I've never really had a business to where I'm like, all right, I'm going to sell |
0:13.1 | it and make all the money. |
0:14.3 | I'm the gold business toward the end. |
0:15.9 | That's what my plan was. |
0:16.9 | That was a possibility. |
0:18.0 | And it just was bad timing. But I would say that, you know, I've, I've sold businesses for a few |
0:24.3 | million bucks here, a few million, but nothing like crazy. Yeah. Nothing like crazy. I made way more money |
0:28.3 | operating everything. Right. So a lot of people would be like, oh, you know, like the big money's in |
0:35.2 | the sale and all that. So is your opinion just that, yeah, I want heavy |
0:39.5 | cash flow businesses. I'm not buying or building businesses for like enterprise value. I'm just |
0:44.7 | trying to make money every month. I think both are good. It just depends on, you know, what your plan is. |
0:50.0 | But if you are buying businesses that are going to cash flow and keep doing good and good, then at any point you could sell those and make a good exit strategy. |
0:57.6 | Just my problem was, you know, for the, you know, everything was trending. |
1:01.7 | Everything was trending. |
1:02.8 | So I couldn't do it. |
1:03.9 | I couldn't do it. |
1:04.7 | But you're looking at it kind of like a house flip. |
1:06.5 | Hey, I'm going to get in and out of this thing for as long as I can and then I'm out. And make as much money as I can while it happens. But now I'm going toward more stuff that's not |
1:14.6 | trending. I'm going toward more stuff that's stable. And some of these I could have exits. |
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