Forecasting Growth and Engineering Success with Simon Alex Bérubé

The Exit - Presented By Flippa

Technology

5 • 2K Ratings

🗓️ 23 September 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Want a quick estimate of how much your business is worth? With our free valuation calculator, answer a few questions about your business and you’ll get an immediate estimate of the value of your business. You might be surprised by how much you can get for it: https://flippa.com/exit -- In this episode of The Exit: Simon Alex Bérubé, a startup coach and investor, shares the story of his transition from software engineering to founding a sleep improvement mobile app company that grew to 40 employees before being acquired by Teladoc after an eight-month exit process. Simon emphasizes the importance of accurate and long-term forecasting, clean financials, organized documentation, and overall maintaining “a clean house” in preparing for an exit. Regarding when to exit a business, Simon suggests that the best time to sell is during rapid growth with predictable forecasts. Some lessons learned regarding growing a business include focusing on marketing alongside product development and trusting one's intuition. Currently, Simon is engaged in startup coaching, focusing on product, marketing, and data strategies, while exploring new ventures that align with his goal of positively impacting people's lives. For more details and insights from his entrepreneurial journey, listen to the latest episode of The Exit. -- Simon Alex Bérubé’s path began with founding Ipnos and creating Relax Melodies (later rebranded as BetterSleep), which he led as the CEO to a successful acquisition by Teladoc Health in 2021. He describes his post-acquisition experience at Teladoc, under BetterHelp's sponsorship, as an invaluable part of his journey. Starting from coding the first version of his app, Alex traversed the challenging landscape of entrepreneurship, evolving from a programmer to a successful startup leader. Alex is dedicated to helping founders and businesses achieve their goals. Website: https://www.simonalexberube.com/ LinkedIn: https://www.linkedin.com/in/saberube/ Check Out Flippa’s Data Insights Tool: https://flippa.com/data-insights -- The Exit—Presented By Flippa: A 30-minute podcast featuring expert entrepreneurs who have been there and done it. The Exit talks to operators who have bought and sold a business. You’ll learn how they did it, why they did it, and get exposure to the world of exits, a world occupied by a small few, but accessible to many. To listen to the podcast or get daily listing updates, click on flippa.com/the-exit-podcast/

Transcript

Click on a timestamp to play from that location

0:00.0	Before we get into the rest of the interview here on the exit, I want to talk to you
0:04.8	about the free valuation tool. Now if you are an entrepreneur running a business, this is the
0:08.9	last thing on your priority list probably, but if you're thinking about potentially exiting in the next year,
0:14.7	you're going to want to get a process started.
0:16.6	You're going to want to get organized, you're going to want to start thinking about timing,
0:19.7	and ultimately it's a zero risk opportunity here. It's zero risk because it's a zero risk opportunity here it's zero risk because it's a
0:24.3	free valuation you can get connected with a broker there's 400,000 weekly
0:28.8	active buyers on FLIPA that's right. 400,000 people looking to buy businesses. You can
0:36.3	connect with your broker, talk to them easy, get matched quickly, that's easy,
0:41.9	seamlessly closed deals and the brokers are incredible at Flippa.
0:46.4	They're literally experts, they have awesome stories about all the different exits and
0:50.6	ultimately with the Data Insights product you can
0:52.8	discover what type of investors are out there and you can see multiples, search
0:56.7	intent and so much more. So you can check out this free valuation at Flippa.com
1:02.6	slash exit.
1:03.8	Once again, Flippa.com
1:05.4	slash exit.
1:06.4	Grab the free evaluation today
1:08.7	if you are currently running a business
1:11.0	and you're thinking about exiting. Now back to the interview.
1:14.0	Hello and welcome to the exit presented by Flip Up, the number one platform to buy and sell online businesses.
1:20.0	Flip It manages over a billion in deal value annually and combines expert buy and sell side advisory
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Exit - Presented By Flippa, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Exit - Presented By Flippa and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.