6 Months from Twitter Inspiration to $2m Business Owner
Acquiring Minds
00:00
The Return on Investment of a Senior Partner
The growth in the bottom line is just coming from operational efficiencies. Because it's really the top line that obviously indicates demand for the services and for the business. So actually, a good backstory is sort of on the structure. There was the seller, the person referred to as the seller, he owned 80% of the business. And the partner who's salary, he added back owned 20% of thebusiness. Now, the main seller was the general manager and working 15, 20 hours a week in the business. The junior partner was the head sales person working full time in the business, generating quotes, and really the key man risk in the whole transaction.
Transcript
Play full episode
