Think Like an Owner
Collin Hathaway - Big Ambition, Dogged Simplicity - EP.244
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.
01:08:10
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Quick takeaways
- Collin Hathaway emphasizes that business exits are deeply personal and can significantly impact decision-making based on individual circumstances.
- He advocates for a long-term management strategy that fosters sustainable growth through consistent investment in people and infrastructure.
Deep dives
Reflections on Exiting Flint Group
The personal nature of business exits is emphasized, highlighting how they can vary based on individual circumstances and goals. Colin Hathaway shares his experience selling Flint Group to General Atlantic, discussing the challenges and realizations he encountered during the process. He initially approached business ownership with the intent of running companies indefinitely, emphasizing the importance of knowing the worth of a business and potential exit options. His reflections reveal that understanding personal readiness and market factors can significantly impact the decision-making process around business exits.
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