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If you own a company, chances are you’re its best salesperson. Put you in a room with a prospect and you rarely lose. But listen to your employees try to tell the same story and something gets lost. You’ve tried hiring salespeople. You’ve tried training them. The selling keeps landing back on your shoulders, and when it comes time to sell, an acquirer will see it too. Expect an earn-out or an equity rollover, golden handcuffs designed to keep the rainmaker locked in.
Here’s what most owners miss: you have a built-in advantage no salesperson can replicate. Your founder story defines the enemy, the problem, and why you built something better, and you tell it instinctively because you lived it. A new rep who tries to recite your story will sound like a fraud. The fix isn’t better sales training. It’s giving your team professional positioning, and nobody on the planet knows more about positioning than April Dunford. She spent 25 years as an executive at seven B2B technology startups, companies that were acquired for a combined total of more than two billion dollars, and her books, Obviously Awesome and Sales Pitch, are the standard playbooks for explaining why customers should pick you over the competition. In this episode of Built to Sell Radio, you discover how to:
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Definitions
Letter of Intent (LOI): This document outlines the basic terms and conditions of a deal before a formal agreement is drawn up. It serves as a mutual commitment between the buyer and the seller to move forward with the transaction on the agreed-upon terms.
Due-Diligence: This is a comprehensive appraisal of a business or investment undertaken before a merger, acquisition, or investment. It seeks to validate the information provided and uncover any potential risks or liabilities.
Earn-out: This is a financing arrangement for the purchase of a business, where the seller must meet certain performance goals before receiving the full purchase price. It reduces the buyer’s risk and aligns the interests of both parties post-acquisition.
April Dunford
April Dunford is a globally recognized expert in product positioning, marketing strategy, and category creation. She has helped dozens of B2B technology companies sharpen their market positioning to accelerate growth and has held executive marketing leadership roles at multiple successful startups. April is the author of the bestselling books Obviously Awesome and Sales Pitch, which have become essential resources for founders, marketers, and sales leaders looking to clearly communicate their value. Through her consulting, writing, and speaking, she helps businesses stand out in competitive markets and build stronger, more effective go-to-market strategies.