5 • 867 Ratings
🗓️ 17 October 2023
⏱️ 28 minutes
🧾️ Download transcript
“It's a commitment to the process.” Today, Leila (@LeilaHormozi) shares the lessons she learned from selling three businesses in the last year, the process of selling a business and the valuable insights she gained from the experience.
Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.
Timestamps:
(2:07) Knowing what you're selling.
(3:08) Strategic vs Financial Buyers.
(6:37) Dilution clauses and voting rights.
(7:01) Anti-dilution and voting rights.
(10:14) Non-compete agreements.
(12:53) Planning post-sale vacation challenges.
(16:38) Don't major in the minors.
(18:31) Uncertainty during company sale.
(22:36) Understanding a banker-led sale.
(23:40) Using a banker for selling your business
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Click on a timestamp to play from that location
0:00.0 | You have to remember that you are the decision maker. |
0:02.8 | Your lawyers and advisors are there to advise you. |
0:05.9 | They're not there to make decisions for you. |
0:07.6 | And they can't and they shouldn't. |
0:09.0 | You have more information. |
0:15.3 | How do you create an unshakable business? |
0:17.5 | I cross $100 million in net worth by the age of 28. |
0:21.5 | Now I'm growing acquisition.com into a billion dollar portfolio. In this podcast, I share the lessons I've |
0:25.8 | learned in scaling big businesses and helping our portfolio companies do the same. |
0:29.8 | Buckle up and let's build. |
0:36.2 | Wise, I'm really breaking down like the hard process of selling a business. And it's really my top |
0:41.7 | lessons from the process itself. I'm not talking about why we sold the business. I'm not talking |
0:45.3 | about, you know, how to find somebody to buy your business. But I'm talking about what does it |
0:48.6 | actually look like during those six months when somebody's buying it and when you're selling it. |
0:52.3 | And what is it like what happens? What did I learn from that process? and I learned a lot of stuff that I think is very useful as things that I |
0:58.3 | hadn't heard before and so I tried to only distill it down to information that I hadn't heard |
1:01.6 | anywhere else in the internet and so with that I hope you enjoy and find a valuable what I'm going to |
1:05.5 | break down are the 12 lessons I've learned from selling three businesses in the last year and |
1:10.7 | these lessons are really |
1:12.2 | focused on the process itself. And so I think a lot of the times there's, you know, how do you get |
1:16.6 | your business for sale? How do you decide if you want to sell your business? I can talk about those. |
1:20.7 | But what I really wanted to talk about was the stuff that I wish I had known, which was like, |
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