Alexis Grant, Founder & CEO of They Got Acquired
“What I’m passionate about is helping founders who have put their blood, sweat, and tears into these businesses, especially female founders, to walk away with as much money as they deserve,” says Alexis Grant, founder and CEO of They Got Acquired. In this episode, Lexi joins Michelle and Joan to demystify the often-underestimated art of selling a business, especially for small and underrepresented founders.
The conversation digs into why thinking of a business sale from day one can be a game-changer for small businesses, and how prepping your business for that sale often means having a better (and more fun) business to run. Lexi advocates for thinking of your business from a buyer's perspective, which doesn’t only mean revenue and profit, but also managing team dynamics and internal processes during a sale, which can sometimes put deals at risk.
The best part? If you’re a business with a six- or seven-figure sale the payoff for years of bootstrapping and below-market salary often means more than money. Selling your business is not just an exit strategy but a launchpad for new ventures, latitude for more innovation and community empowerment. Lexi’s new data platform exemplifies this mission, providing founders with the insights they need to connect with the right buyers.
This final episode of Season 2 of Proofing Stage leaves us fired up and ready to go, providing tactics you can walk away with to:
- Consider a business sale as the strategic move
- Tap into resources for selling your business early on
- Identify which levers to pull to make your business more appealing to buyers
- Assess operational sticking points and risks to being acquired
- Focus on profit, not just revenue
- Take learnings from your first business to position your next one for sale
- Discuss acquisition as a growth strategy for your business
Links
Connect with Alexis Grant:
Website: https://alexisgrant.com/
LinkedIn: https://www.linkedin.com/in/alexisgrant/
They Got Acquired is a media company that features acquisitions of online businesses and the founders behind them.
Theme Music by Thorn Haze
Additional Music by: OgifeeltheBeat (via Pixabay), prazkhanal (via Pixabay), and juniorsoundays (via Pixabay)
Podcast Cover Art by Lisa Orye
Ad written by Joan Kanner and performed by Michelle Bond
Ad music Fresh Morning (via Pixabay)
Executive Producers, Joan Kanner and Michelle Bond
Podcast production and show notes provided by HiveCast.fm
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