Why Chasing an Exit Could Be Killing Your Business w/ Dave Whorton

THE ED MYLETT SHOW

Ed Mylett

Education, Business, Self-improvement, Entrepreneurship

4.9 • 13.6K Ratings

🗓️ 29 April 2025

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

What If You Built a Business That Could Outlive You? I sit down today with Dave Whorton, and let me tell you—this conversation is one of the most important ones you’ll hear if you’re serious about building something meaningful. We’re living in a time where entrepreneurship looks more like a sprint to an exit than a commitment to lasting impact. Dave’s new book, Another Way: Building Companies That Last and Last and Last, challenges that broken model and reminds us: success isn't just about cashing out—it's about building something worth keeping. We break down what it really takes to create an "evergreen" company—one that’s not built to flip, but built to matter. Dave shares the 7 P’s that every sustainable business needs: Purpose, Perseverance, People First, Profits, Privately Held, Pace Growth, and Pragmatic Innovation. He hits home the idea that growth doesn’t mean chaos—done right, it compounds over time and actually gets easier, more joyful, and more impactful. You’re not racing to the exit—you’re building a legacy. One of the biggest mind shifts we talk about: you don’t have to sell your business for it to be valuable. You don't need $100M in funding to be "legit." Some of the strongest companies—Amazon, Microsoft, Apple—started with almost no venture capital compared to today’s standards. Real strength comes from a strong foundation, scrappy innovation, and a relentless commitment to people and purpose over hype. I walk away from this conversation fired up because this is real entrepreneurship. It’s the quiet work of building families, communities, and lives that stand the test of time. It’s not just about business. It's about living a life you’re proud of—and leaving something behind that’s bigger than you. Key Takeaways: Why building for the long term beats building for a quick exit every time. The 7 P’s every lasting company needs—and how to use them. How purpose-driven leadership creates stronger, happier teams. Why debt and excessive venture capital can destroy your company’s soul. The hidden financial power of compounding growth over decades. How to attract and retain talent without giving up your equity. You don’t have to follow the crowd. You can build something timeless. Max out. 👉 SUBSCRIBE TO ED'S YOUTUBE CHANNEL NOW 👈 → → → CONNECT WITH ED MYLETT ON SOCIAL MEDIA: ← ← ← ➡️ INSTAGRAM ➡️FACEBOOK ➡️ LINKEDIN ➡️ X ➡️ WEBSITE Get my exclusive Monday Motivation training in GrowthDay, the world’s #1 app for advanced mindset and personal development. Visit https://growthday.com/ed. This show is sponsored by GrowthDay. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	So hey guys, listen, we're all trying to get more productive. And the question is, how do you find a way to get an edge?
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0:51.9	So you get a free event out of it also. So go to growthday.com forward slash ed. That's growthday.com forward slash ed.
1:01.5	Hey, it's Ed Milet. Let me share something powerful with you. You know, in uncertain times,
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1:16.9	Text win to 85545 to get your free kit. That's win to 85545. Don't wait for the next crash. Be the one who's ready. Protect, prepare, and prosper.
1:27.1	Message and data rates may apply. Performance varies. Always the one who's ready. Protect, prepare and prosper. Message and data rates may
1:28.2	apply. Performance varies. Always consult your financial and tax professional. Kate's just off to work
1:34.4	after sleeping in the best bed in the business. And my word, doesn't she look ready for anything?
1:40.2	Something about her smile is just brighter. Her eyes seem glintier, and she just feels so much more katier.
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	...

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