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Richard Manders co-founded iAutomation and built it up to $12M before deciding it was time to recapitalize. Manders sold 75% of his company for almost 8 times EBITDA to a Private Equity Group (PEG) and held 25% interest in the company after the sale.
Manders continued working for the PEG for seven more years. Last year, the PEG sold iAutomation, and Manders got out completely.
In this episode, you’ll learn:
Manders knew that if he was going to be able to receive a premium offer for his business, he needed to replace himself and get out of the “Owner’s Trap”. Curious about how you can begin this process in your own business? You’ll get all the details in Module 7 of The Value Builder System™. Get started for free right now by completing Module 1.