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My First Million

Shaan's Masterclass: How To Sell A Business For Millions

My First Million

Hubspot

Business, Entrepreneurship, Investing

4.7 • 2.9K Ratings

šŸ—“ļø 19 June 2023

ā±ļø 25 minutes

šŸ§¾ļø Download transcript

Summary

Episode 466: In this episode, Shaan Puri (@ShaanVP) presents a masterclass on how to sell a business for the most money. Go to the MFM YouTube channel to watch the presentation. Want to see more MFM? Subscribe to the MFM YouTube channel here. Check Out Shaan's Stuff: * Power Writing Course * Daily Newsletter ----- Show Notes: (05:25) - Why would you sell? (07:40) - When should I sell? (08:10 - Who do you discuss with? (11:00) - Who might buy you? (17:20) - Nurture dependence (21:30) - Do the work for them (24:00) - Neglect Emotionally (25:30) - Sell entirely ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Transcript

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0:00.0

Okay, friends, family, people who like pink pop tarts, welcome.

0:10.1

This is another masterclass.

0:11.9

My first masterclass was on raising money.

0:14.4

It was about how to create a killer pitch deck.

0:16.1

That's the start of your journey.

0:17.6

If you're an entrepreneur, you're trying to go raise money from investors to fund the

0:20.4

company.

0:21.4

This is now about the end of the company.

0:23.0

How do you sell a company?

0:24.9

Ben asked me to do a masterclass.

0:27.2

He's like, hey, can you record a masterclass today?

0:29.9

You're always lazy.

0:30.9

I'm repurposing a presentation I gave three, four years ago at Hulslecon.

0:35.2

I went on Google Drive.

0:36.2

I found an old presentation.

0:37.6

I actually didn't even look through it.

0:38.8

I'm just going to do it live here.

0:40.3

Sort of in prop style.

0:41.4

I remember being on stage and giving this talk about how to sell a company because I had

0:45.2

just sold my first company.

0:46.7

I remember at the time being like, I wish there was some more content about this because

0:52.7

if you want to learn how to manage people, there's tons of books and you're going to get

...

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