Dave Lukas Chats with Bill Potter399: Building, Growing, Selling; Bill Potter’s Formula for $100M+ Exits
This week’s Misfit Entrepreneur is Bill Potter. Bill is a serial entrepreneur and investor with a career spanning over 30 years – including selling building and selling companies in excess of $250 million. He is the founder of and CEO of Thrive Investors, a firm that helps SAAS and startup companies overcome the obstacles that stand in the way of success. Bill’s unique genius is taking startups to a successful exit strategy. He excels at helping companies get over the plateau’s that can make them stagnant or hold them back from reaching their potential. And it is these common areas where businesses struggle that I’m excited for Bill to share his wisdom on how to breakthrough and reach new heights as a business. https://www.thriveadvisors.com/ Show NotesBill graduated with dual degrees in accounting and finance from Indiana University. His career started at a money center bank, moving towards portfolio management. While planning to pursue a master's at the University of Chicago, he landed a job offer from a securities firm on the Pacific Stock Exchange. He transitioned to become a specialist on the Pacific floor before joining a portfolio management company as an analyst. This role laid the foundation for his journey into entrepreneurship and current work in strategic growth advisory for smaller companies -preparing them for exit by aligning growth strategies with buyer expectations.
What are the common struggles businesses face, and how can they overcome them?
What signs indicate stagnation in a business, and how can entrepreneurs address them?
How can businesses leverage fractional expertise to overcome challenges?
What are the risks associated with rapid growth, and how can businesses mitigate them?
I've heard you talk about the holy trinity of startup growth. What is the holy trinity of startup growth, and how do businesses maximize these areas?"
Talk about preparing a business for sale…
Bill shares the significance of reaching a revenue milestone of around $10 million for attracting private equity investment, highlighting the challenges and opportunities associated with scaling a business to this level. Final thoughts?
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