“It's a commitment to the process.” Today, Leila (@LeilaHormozi) shares the lessons she learned from selling three businesses in the last year, the process of selling a business and the valuable insights she gained from the experience.
Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.
Timestamps:
(2:07) Knowing what you're selling.
(3:08) Strategic vs Financial Buyers.
(6:37) Dilution clauses and voting rights.
(7:01) Anti-dilution and voting rights.
(10:14) Non-compete agreements.
(12:53) Planning post-sale vacation challenges.
(16:38) Don't major in the minors.
(18:31) Uncertainty during company sale.
(22:36) Understanding a banker-led sale.
(23:40) Using a banker for selling your business
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