Third Time’s A Charm: From False Starts To Finishing Big
Scott Miller grew Miller Restoration to a $3M business specializing in cleaning up the mess caused by floods and fires. When a new business idea caught his attention, Miller decided to sell his business. After two false starts, he ended up successfully selling for 3.5 times pre-tax profit.
Miller knew telling his employees would be hard, but nothing could prepare him for what happened next.
In this episode, you’ll learn:
- Pros/Cons to having a business named after you
- How false starts with potential acquirers can lead to a bigger pay day
- How a capital lease can impact the value of your company
- The best way (and worst way) to tell employees you’re selling the company