How2Exit: Buy, Don't Build - M&A of Small Businesses E202: M&A for Entrepreneurs: Leverage Acquisitions to Scale Your Business Faster with Dominic Wells
Apr 5, 2024
52:46
Today's Primary Sponsor is Snowball - www.Snowballclub.com - A private community of entrepreneurial investors helping each other.
Watch Here: https://youtu.be/LVI5G-HJDmY
About the Guest(s): Dominic Wells is an accomplished entrepreneur and the CEO of Onfolio, a publicly traded company specializing in the acquisition of online businesses. Located in Taipei City, Taiwan since 2008, Wells started his journey as an English teacher before venturing into the digital business space. His diversified business portfolio includes marketing agencies, WordPress plugins, online courses, e-commerce businesses, and online content. With a team spread across the globe, Wells has spearheaded numerous acquisitions and has become a prominent figure in the digital acquisitions sphere.
Summary: Ronald Skelton welcomes Dominic Wells to discuss the landscape of business acquisitions, particularly in the context of a rapidly evolving market influenced by concerns around AI, economic stability, and business valuations. The conversation delves into the nature of operating a publicly traded company and the strategic moves made by Onfolio in the current acquisition-friendly environment.
Dominic Wells delves into Onfolio's recent shift towards acquiring marketing agencies, citing their appeal for high returns and growth potential. He highlights the strategic geographical distribution of his team, suited for managing primarily online businesses. Wells also discusses market trends, AI's impact, and Onfolio's readiness for the future. Reflecting on his CEO role post-IPO, he shares unexpected realities and the learning curve. Exploring investment strategies and acquisition criteria, Wells illustrates Onfolio's trajectory and stresses the significance of tenacity in acquisition entrepreneurship.
Key Takeaways:
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Contact Dominic on
Linkedin: https://www.linkedin.com/in/dominic-wells-onfolio/
Website: https://onfolio.com/
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How2Exit Joins IT ExchangeNet's Channel Partner Network!
Have an IT Company doing between $5M and $30M You may Sell?
The IT ExchangeNet M&A Marketplace @Ronald Skelton - How2Exit Host has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms and channel partners in the Microsoft, Oracle, ServiceNow and Salesforce space.
If you are interested in learning more about the process and current market valuations, complete the contact form and we’ll respond within one business day. Everything is kept confidential.
https://www.itexchangenet.com/marketplace-how2exit
Our partnership with IT ExchangeNet focuses on deals above $5M in value. If you are looking to buy or sell a tech business below the $5M mark, we recommend Flippa.
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💰If you’d like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/
►Visit Our Website: https://www.how2exit.com/
📧For Business Inquiries: Me@4sale2sold.com
Don't Forget to SUBSCRIBE to the How2Exit channel and press (🔔) to join the Notification Squad and stay updated with new uploads.✨
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𝐖𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬...?
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💬 Comment below to share your opinion!
🔗 Share the video with anyone you think might help :) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
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» Linkedin - https://www.linkedin.com/in/ronskelton/
» Twitter - https://twitter.com/ronaldskelton
» Facebook - https://www.facebook.com/How2Exit
» Newsletter - http://deeper.how2exit.com/
#How2Exit # # 💖Thanks for watching! 💖
Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.
Watch Here: https://youtu.be/LVI5G-HJDmY
About the Guest(s): Dominic Wells is an accomplished entrepreneur and the CEO of Onfolio, a publicly traded company specializing in the acquisition of online businesses. Located in Taipei City, Taiwan since 2008, Wells started his journey as an English teacher before venturing into the digital business space. His diversified business portfolio includes marketing agencies, WordPress plugins, online courses, e-commerce businesses, and online content. With a team spread across the globe, Wells has spearheaded numerous acquisitions and has become a prominent figure in the digital acquisitions sphere.
Summary: Ronald Skelton welcomes Dominic Wells to discuss the landscape of business acquisitions, particularly in the context of a rapidly evolving market influenced by concerns around AI, economic stability, and business valuations. The conversation delves into the nature of operating a publicly traded company and the strategic moves made by Onfolio in the current acquisition-friendly environment.
Dominic Wells delves into Onfolio's recent shift towards acquiring marketing agencies, citing their appeal for high returns and growth potential. He highlights the strategic geographical distribution of his team, suited for managing primarily online businesses. Wells also discusses market trends, AI's impact, and Onfolio's readiness for the future. Reflecting on his CEO role post-IPO, he shares unexpected realities and the learning curve. Exploring investment strategies and acquisition criteria, Wells illustrates Onfolio's trajectory and stresses the significance of tenacity in acquisition entrepreneurship.
Key Takeaways:
- Marketing agencies present lucrative opportunities for acquisition, with Onfolio focusing heavily on this sector due to impressive performance metrics.
- The influence of AI on businesses is significant, but Wells urges a more tempered and strategic approach to incorporating AI advancements.
- Going public as a company involves facing market dynamics and investor behaviors that may not align with pre-IPO expectations.
- Onfolio's approach to acquisitions involves maintaining the independent brands and operations of acquired companies while centralizing certain functions for efficiency.
- Wells advocates for the importance of tenacity in the acquisition entrepreneurship space and considers the current market an advantageous time for acquisitions.
- "So I'm located in Taiwan, Taipei City... But my team is located all over the world." - Dominic Wells
- "I think it's a little bit of a calm time, but a good time to be acquisitive." - Dominic Wells
- "You can learn from bumps and bruises." - Dominic Wells
- "Dominic Wells opens up about operating a publicly traded company and the strategic moves made by Onfolio in the current acquisition-friendly environment." - Episode Summary
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Contact Dominic on
Linkedin: https://www.linkedin.com/in/dominic-wells-onfolio/
Website: https://onfolio.com/
--------------------------------------------------
How2Exit Joins IT ExchangeNet's Channel Partner Network!
Have an IT Company doing between $5M and $30M You may Sell?
The IT ExchangeNet M&A Marketplace @Ronald Skelton - How2Exit Host has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms and channel partners in the Microsoft, Oracle, ServiceNow and Salesforce space.
If you are interested in learning more about the process and current market valuations, complete the contact form and we’ll respond within one business day. Everything is kept confidential.
https://www.itexchangenet.com/marketplace-how2exit
Our partnership with IT ExchangeNet focuses on deals above $5M in value. If you are looking to buy or sell a tech business below the $5M mark, we recommend Flippa.
--------------------------------------------------
💰If you’d like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/
►Visit Our Website: https://www.how2exit.com/
📧For Business Inquiries: Me@4sale2sold.com
Don't Forget to SUBSCRIBE to the How2Exit channel and press (🔔) to join the Notification Squad and stay updated with new uploads.✨
👇🏻SUBSCRIBE HERE https://www.youtube.com/channel/UC_ONnhwaKSTPFt2nOxKoXXQ?sub_confirmation=1
𝐖𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬...?
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
👍 Like the video (it helps a ton!)
💬 Comment below to share your opinion!
🔗 Share the video with anyone you think might help :) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
📱Stay Tuned On Our Social Media :
» Linkedin - https://www.linkedin.com/in/ronskelton/
» Twitter - https://twitter.com/ronaldskelton
» Facebook - https://www.facebook.com/How2Exit
» Newsletter - http://deeper.how2exit.com/
#How2Exit # # 💖Thanks for watching! 💖
Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.