Think Like an Owner Collin Hathaway - Big Ambition, Dogged Simplicity - EP.244
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Oct 1, 2024 
Collin Hathaway, a seasoned expert in the home services sector, returns to discuss his recent sale of Flint Group to General Atlantic. He shares personal insights on the emotional complexities of business exits and emphasizes that 'good is usually enough' in decision-making. The conversation touches on the significance of hiring practices, aligning incentives, and the balance between ambition and sustainability. Collin reflects on long-term strategies, cultural integration during changes, and the importance of maintaining simplicity in business operations.
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Exiting a Business Is Personal
- Exiting a company is a deeply personal decision, influenced by factors like personal and family situations, career stage, and life goals.
- It's crucial to be honest with yourself about your own desires and the realities of your business.
Know Your Exit Options
- Always understand your business's worth and potential exit options, even if you don't plan to sell.
- Knowing your potential exit strategy can inform your company's trajectory and provide a performance benchmark.
Flint Group Exit Story
- Collin initially planned to run Flint Group into his 50s but decided to exit earlier.
- Factors influencing his decision included achieving initial growth goals, extensive travel, and the need to scale the company significantly.