It took 6 years but…I just wanted to be rich
- It took 6 years but...I just wanted to be rich Jon Stoddard 45:36
Imagine knowing it would take six years to buy a business. Six years of negotiations, setbacks, learning, and persistence. Would you have the guts to start?
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It’s a test of endurance that asks more of you at every turn. Can you stay committed when the process drags on? Can you keep your investors engaged and maintain the confidence of your stakeholders? This is not just about having the capital; it's about having the perseverance and vision.
Chapters
00:00 The Journey of Acquiring Companies
06:55 Building Relationships with Investors
23:40 Understanding Fees and Compensation
25:49 The Importance of Building a Network
29:40 The Role of an Independent Sponsor
31:58 The Need for Patience in the Deal-Making Process
39:18 Goal of Running a Company as CEO
44:41 Starting Early and Engaging with Investment Bankers and Business Owners
