Start-up To Exit In 186 Days
April 4, 2020 |
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Staffing-industry veteran Will Gilbert co-founded Socium – a U.K.-based company supplying workers to companies that needed them – in early 2019. Within six months, Socium was generating more than 7 million U.K. Pounds in revenue.
To read a transcript of this episode, click here.
Staffing-industry veteran Will Gilbert co-founded Socium – a U.K.-based company supplying workers to companies that needed them – in early 2019. Within six months, Socium was generating more than 7 million U.K. Pounds in revenue.
A coffee meeting with a former colleague in the staffing business led to an acquisition discussion and soon after, Socium was acquired – months before celebrating its first birthday.
In this episode, you’ll discover:
- How to use your receivables to finance hyper growth
- The different valuation multiples of transactional vs. annuity-based revenue
- The surprising reason that some strategic acquirers may not be a fit
- How deciding when to sell (Hint: it may be sooner than you think)
- How asking for advice can lead to an offer
Before Gilbert decided to sell, he invested a lot of time trying to determine why he was selling. He credits that thinking for the sense of satisfaction he feels now that the deal is done. There are five key questions every founder should answer before selling and you can find them by completing your PREScore™ now.
