I was talking to Damon Chen, who built Testimonial.to to $400.000 in ARR this week, and at one point, he mentioned that he isn’t looking into selling his business just yet. Maybe even never. That got me thinking. While we all want to build sellable businesses, is there such a thing as selling too early? How can … Continue reading Why You Shouldn’t Sell Your Business
Category: Acquisition
How NOT to Use Twitter DMs
Too many founders use Twitter like they'd use Google. They find someone they'd like to talk to, send them a Direct Message, and never receive a reply. The culprit? Usually, the message itself. When it comes to DMs that do the job, you want them to be warm, low-effort, and short. Yet, in reality, most … Continue reading How NOT to Use Twitter DMs
The Risks and Illusions of the “Post-Exit Retirement”
Building and selling a business is a blessing and a curse. While it catapults founders into a very different financial situation, it also shifts what gives them purpose and passion and allows for lasting impact. Chasing these elusive virtues causes many entrepreneurs who thought they could retire to get back to work — or it … Continue reading The Risks and Illusions of the “Post-Exit Retirement”
Priming Your Business for Due Diligence
In preparation for a due diligence process, there are a few things you can routinely update and use. Most of these things have to do with financial and business metrics, while others are legal requirements. The Profit & Loss Sheet One of the first things any interested party will expect you to provide is a … Continue reading Priming Your Business for Due Diligence
At a Crossroads: The Different Kinds of Exits
Companies get acquired for a few reasons: they’re interesting economically, they’re interesting strategically, their employees are attractive, or they are a thorn in the eye of the acquirer, a foe to be vanquished. Depending on why someone wants to buy your company, the deal and the whole process of selling the company may be radically … Continue reading At a Crossroads: The Different Kinds of Exits
So You Got an Offer: How to Do Due Diligence on Your Potential Acquirer
There is almost no better and, at the same time, terrifying feeling than when you receive an email from someone who wants to acquire you. There was great joy when that happened to us at FeedbackPanda. Immediately after, we started to think about the level of risk we were about to expose our company to. … Continue reading So You Got an Offer: How to Do Due Diligence on Your Potential Acquirer
