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Tom Hannon’s publishing company grew rapidly, and he received 4 offers. So why does he wish he handled his exit differently?
Tom Hannon started FPD to create and distribute niche publications. He grew the company to $3M in revenue over 18 months when a family illness prompted him to reach out to acquirers.
His company was valued at $2.1M and received 4 offers, but he ended up walking away with $1.5M. Hannon candidly shares why he left money on the table and what he would do differently if he had a re-do.
In this episode, you’ll learn:
One reason Hannon’s business was discounted by acquirers was that a single customer represented a large portion of his revenue. Module 8 of The Value Builder System™ takes you through an exercise that identifies if your business is too dependent on any one customer, supplier, or employee. Get started for free right now by completing Module 1.