About this episode
James Roman grew iVelocity’s revenue by a whopping 1000% – was the stress that ensued worth it?
To read a transcript of this episode, click here.
James Roman founded iVelocity, a digital marketing agency for healthcare professionals. With a goal of getting on the Inc. 500 list, he wanted to scale quickly – and he did. Between 2013 to 2016 the company grew 10 times and increased its gross revenue by 1000%.
…But it was the stress of a big company that broke the camel’s back.
Roman wanted out and would ultimately sell iVelocity for 3 times EBIDTA. Find out why the success of his company pushed him out sooner.
In this episode, you’ll learn:
- The unseen stressors of running a company
- While accolades like being on the Inc. 500 list can be bittersweet
- The rules Roman broke as part of his sale, and why he did it
- How to use contractors as a way of ‘dating’ potential employees
- Why you need to run your company like you’re not planning to sell, even as you approach the sale’s finish line
Bringing your employees along the journey of a sale can be a difficult conversation to have. Team Involvement is one of the key drivers of a satisfying exit – if you have a good understanding at what your team’s involvement will be. Take your free PREScore™ to see when you’d tell your team – and if you’d regret it post exit.