The Zexit
September 2, 2015 |
Want to increase the value of your business by up to 71%?
Take the 13-minute survey and get your Value Builder Score
About this episode
Subscribe:
Rick Martinez is a military nurse who stumbled into the staffing business by accident and grew his company to 600 employees. Then, when he decided to sell his business, he took a surprisingly zen-like approach to negotiating the deal.
It typically takes a hard-nosed, sharp-elbowed entrepreneur to build a 600-employee company but Rick Martinez built a successful staffing business with no previous entrepreneurial experience. Years later, when he went to sell his company, he took a low-key approach to negotiating the sale. Rick’s story provides a welcome alternative to the often adversarial business of selling a company.
Our guest
Rick Martinez is an award-winning entrepreneur, nurse, veteran, speaker, and the founder of Project BINK. He brings a wealth of experience – and tremendous passion – for impacting lives. His early business success prompted San Antonio Business Journal to name him one of the city’s “40 Under 40.” His first company, a medical services contracting company, would go on to become one of the US Small Business Administration’s Top 100 companies. Rick was awarded the prestigious Jefferson Award for public service, further embodying his spirit of giving back and serving others.Boost the Value of Your Business
Sign up for a copy of The Subscription Economy: 9 Subscription Models Any Business Can Adopt eBook
Download Now
Related to this topic
How To Maintain Your Leverage After You Sign An LOI
Ganesh Ramakrishna and Mike Watson built Opex Analytics to 140 employees before they sold it to PE-backed LLamasoft in the fall of last year.
The One Question You Never Answer
, a T-shirt business he quickly scaled from start-up to sale in 18 months.
How to Hire a CEO Without Losing Your Company
When we discover a vaccine or reliable treatment regime for COVID-19, there will inevitably be an unscrupulous gang of counterfeiters trying to make a quick buck by selling fake remedies.
Back in 2011, Nathan Latka started Heyo, a social media company that helped businesses advertise on Facebook. By 2016, Heyo had raised $2.5 million in seed and venture capital financing and, by all accounts, it was a successful business.
How to Package Your Service Into a Product
Michael Spinosa and Scott Greenwell started a digital marketing agency called Unleashed Technologies at the start of the 2007 financial crisis. Spinosa believes the recession helped Unleashed get started because their flexibility and lower fees enabled them to pick up business from larger rivals who were losing customers amid cost-cutting. By 2019, Unleashed had grown to over $6 million in revenue when they were approached by LINC Partners, a private equity-backed group looking to do a role up of digital marketing agencies.
into a profitable business after year one. Ten years later he sold Merced for $192 million, equating to over 3 times top line revenue.