
Philly Tech Connect by Philadelphia Tech Entrepreneurs
Scaling Success with Tom Connolly EP8
Feb 14, 2024
Tom Connolly, a tech entrepreneur expert, shares essential strategies for startup growth and private equity sales. He discusses leadership evolution from founder to CEO, emphasizing the journey from garage to boardroom. His insights on preparing for a sale and mindset shifts offer valuable advice for anyone in the startup ecosystem.
36:07
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Quick takeaways
- Before selling a business, understand the motivations encompassing emotional, financial, and necessity factors.
- In deciding to sell a company, ensure open discussions among partners for alignment on goals, financial considerations, and ownership structures.
Deep dives
Considerations Before Selling a Business
Before selling your business, it's crucial to determine your motivations. Selling can stem from emotional, financial, or even necessity reasons. Deciding whether to sell involves open discussions about goals and intentions. Additionally, managing share prices and equity distribution must be considered even before the sale process begins.
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