Thanks to Steve and Shaun from Precision Realty Group for hosting your roundtable. And thanks for sharing your ‘cultural lessons learned’.
Steve and Shaun, your presentation on who PRG is and who you would love to meet was great. I think it gave some good insight to those that didn’t know a lot about your multi-tiered offerings.
The discussion around setting up a business to eventually sell was lively and, I think, really thought-provoking for everyone. I think it could have gone on for much longer so don’t hesitate to check in with the group if anyone wants to explore further.
Some take-aways:
- Your business should have value beyond what you bring.
- Multiple strategies are important to look at.
- Generating recurring revenue helps value.
- Replicate yourself in different verticles.
- Cultures must match.
- 80% of businesses for sale don’t sell.
- Look at hiring a professional business broker.
- Right time vs Best Time.
- Upsell the Company; Downsell you.
- Consider an ESOP.
Please remember Steve and Shaun as you run into good people they may want to meet!
