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Kipp Bodnar (HubSpot’s CMO) and Kieran Flanagan (Zapier’s CMO), lead you down the rabbit hole of marketing trends, growth tactics and innovation. On the way you’ll pick up undiscovered strategies to give you that slight edge for success. These are not your typical twitter thread regurgitated marketing tactics that everyone is doing. These are new methods, with unfiltered examination of successful fresh ideas.
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GE Ep 309 [2021] - How to Prepare Your Business Now For A Successful Exit in the Future w/ Richard Lau
Manage episode 345093598 series 1993442
תוכן מסופק על ידי Dennis Brown. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Dennis Brown או שותף פלטפורמת הפודקאסט שלו. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.
Richard Lau is the creator of NamesCon, now part of the GoDaddy family, and an entrepreneur who has generated millions of dollars of revenue in the internet and domain name industry. Richard recently successfully exited Resume.com and is now working on Logo.com. He’s here to share wisdom gained from his success in exiting several online business models, detailing what you need to know to position and package your business for exit in preparation for exiting several years into the future.
Tune in to learn tips and tricks, as well as lessons learned, from an expert on preparing yourself and your business for a smooth and profitable exit. We talk about the importance of having a buyer’s mindset, contracts and documentation in place, awareness around licensing, having relationships with business brokers and lawyers, and much more.
During this interview, we discuss:
3:15 – How Richard became successful in the domain industry
5:04 – A domain name he wishes he didn’t sell
7:28 – Learning about exiting a business from those who have done it before
9:12 – Why you need to look at your business from a buyer’s perspective and mindset
13:17 – Having contracts and documentation in place with everyone you work with
14:18 – Being aware of licensing
18:48 – The importance of having relationships with a business broker and a lawyer
23:00 – Changing your attitude towards tasks you dislike
23:43 – Clean, professional accounting
24:45 – The problem with a Founder/Owner driving the majority of the revenue
27:07 – The power in diversifying your revenue
28:00 – Richard’s favorite growth tool
28:39 – His most recommended book
29:29 – How to connect with Richard
Plus, a whole lot more!
Resources:
Million Dollar Bedroom by Matt DeCoursey
Reach out to Richard on LinkedIn
Email Richard: Richard@logo.com
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Connect with Dennis Brown
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