TMBA446: The Tale of 12 Exits

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As many of you know, Dan and Ian love hearing from the listeners of this show.

And Tom Hannon recently wrote in with some thoughts that we really haven’t addressed before.

We’ve talked a lot about the mechanics of exiting businesses lately, but what happens when you don’t have a choice? What happens when you are forced to sell?

As we started talking with Tom, we discovered that he has actually sold twelve businesses he was involved in, including three major ones, and the circumstances of each of those sales were unique.

So, we invited Tom onto today’s podcast to share those stories, as well as the lessons that he’s learned along the way.

Transcript

Listen to this week’s show and learn:

How Tom’s first business partnership started breaking down. (5:43)
What Tom learned when he went to work for a larger, international publishing company. (14:58)
Why Tom felt like the only way to solve his problems was to sell his company. (20:57)
What Tom is working on now and how he envisions his future. (28:13)
The three things that Tom believes everyone should think about before they sell their business. (37:26)

Mentioned in the episode:

This week’s sponsor:

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