This week, we bring you a Podcast Replay, one of the best episodes from our archives. In this week’s replay, we present Episode 193: Going From Zero to Small Business Hero, Part 1 of our three-part series.
We revisit our discussion with business owner, Mike Davis, an electrical engineer. He shares his learnings, challenges and moments of triumph from 41 years growing, buying and selling businesses. Joanna and Mike chat through his business journey, the reality of starting again and navigating- dual roles as a business owner and family man. He shares insights from his growth as a business owner from having just 1 single employee to building a business up to 50 employees and winning the Australian Telstra Small Business of the Year award.
Mike emphasises the significance of establishing a well-defined leadership and management structure, the decision-making around and the impact of taking on shareholders. Mike also shares the consequences that can arise from neglecting a shareholder’s agreement and provides a comprehensive overview of the exit process.
Tune in to this enlightening episode as we unlock Mike’s extraordinary business journey. This episode was part one of a three-part series – here’s the link to parts two and three for you to check out next. Link to part 2, Link to part 3.
Episode Highlights:
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- The formative years
- Tough lessons that motivated success
- Understanding how to deal with growth, leadership and management
- The consequences of not having a shareholders agreement
- Selling the Company
- Success when entering into an earn-out
- Buying back the business
Connect with Mike Davis
Relevant Episodes
[EP 193] Going From Zero to Small Business Hero part 1
[EP 194] Going From Zero to Small Business Hero part 2
[EP 195] Going From Zero to Small Business Hero part 3
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iTunes: https://podcasts.apple.com/au/podcast/the-deal-room/id1267098895
Our Business Sales and Growth by Acquisitions Services
Aspect Legal has a number of great services that help businesses prepare for a sale or acquisition to help them prepare in advance and to get transaction ready. And we’ve also got a range of services to help guide businesses through the sale and acquisition process.
We work with clients both big and small and have different types of services depending on size and complexity. We provide a free consultation to discuss your proposed sale or acquisition – so see our show notes on how to book a time to speak with us, or head over to our website at Aspectlegal.com.au
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