11 Aug Business Exit Stories: How an Entrepreneur Took a Business from a $35M Offer Down to $2M in a Few Months and What You Can Learn From This.
A company walks away from an offer of $35M and months later is forced to accept a $2M offer.
A niched business is not necessarily always a good thing, and not being able to forecast trends may be the difference between an exit or having no exit at all.
Why properly positioning a company in the market is important and can, and often does, make millions of dollars difference in what the entrepreneurs are able to put in the bank, and why companies are willing to pay more than a company is worth – sometimes a lot more. This is one of those episodes that can literally make an entrepreneur a million dollars of extra profit on an exit if they understand and apply these concepts when exiting their business.