In this another exciting episode of the Buying Online Businesses podcast, Jaryd chats with serial entrepreneur Jeff Durso, who has successfully exited two businesses worth over $10M each. With more than 20 launches under his belt and a ranking of #149 in the Inc. 500, Jeff shares his journey of selling these companies and the lessons he learned along the way.

Jeff dives into the key differences between rushing a business exit and preparing for a strategic, well-planned exit. He talks candidly about his first business sale, the frustration of rushing through the process, and the hard lessons learned. Then, he contrasts that with his second business, where he built it with the exit in mind, ensuring a smooth, highly profitable transition.

In this episode, they also discuss the common blockages entrepreneurs face when scaling their businesses, from product-market fit to achieving growth. Jeff offers insights on overcoming these obstacles, making this episode packed with practical advice for anyone thinking about scaling, selling, or even buying a business.

Dive into the episode now and discover the strategies that can lead to your own successful exit!

Episode Highlights

02:40 Jeff’s startups journey

09:00 Lessons on selling a business

15:20 Planning to sell a business

23:20 What is Generative AI?

30:00 It’s about positioning not the product

Key Takeaways

➥ Entrepreneurs face many challenges, including scaling and maintaining profitability. Jeff advises focusing on product-market fit and strategic growth to overcome these hurdles.

➥ During the acquisition process, the founders faced numerous questions and issues, many driven by lawyers and unforeseen concerns. They had to remain discrete and manage the entire due diligence process with only a small team, making it stressful and challenging.

➥ After building and exiting multiple startups, the entrepreneur now focuses on coaching founders and experimenting with generative AI. They see generative AI as a transformative technology with parallels to the early days of the internet. They are particularly excited about its potential in industries like financial services, including its application in compliance.

About The Guest

Jeff Durso is a serial founder with over 20 launches, two $10 million acquisitions, and a #149 placement on the Inc 500. He is the host of Founder Breakthroughs podcast where he interviews top founders and shares their insights from the entrepreneurial game.

Connect with Jeff Durso
 
➥ https://www.linkedin.com/in/jeffdurso

➥ http://founderbreakthroughs.com

Resource Links

➥ Sell your business to us here - https://buyingonlinebusinesses.com/sell-your-business/

➥ Buying Online Businesses Website - https://buyingonlinebusinesses.com

➥ Download the Due Diligence Framework - https://buyingonlinebusinesses.com/freeresources/

➥ Cloud Ways (Website Hosting) - https://bit.ly/40tjyjG

➥ Rank Math (Wordpress SEO Plugin) - https://bit.ly/3Acyjf4

➥ Market Muse (Content Marketing Software) - https://bit.ly/3Me39L0

🔥Buy & Sell Online Businesses Here (Top Website Brokers We Use) 🔥

➥ Empire Flippers - https://bit.ly/3RtyMkE

➥ Flippa - https://bit.ly/3WYX0Ve

➥ Motion Invest - https://bit.ly/3YmJAmO

➥ Investors Club - https://bit.ly/3ZpgioR

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