Guest: Ben Leonard
Here's a summary of the great stuff that we cover on this show:
- The speaker transitioned from a background in marine science and the oil and gas industry to eCommerce in 2016, founding the fitness brand Beast Gear during a health-related break.
- After discovering entrepreneurial skills, the speaker scaled Beast Gear to approximately £4 million in revenue within three years, prompting consideration of selling the business.
- Dissatisfied with the selling experience, the speaker, along with an experienced accountant, founded Ecom Brokers in 2020 to bridge gaps in the UK eCommerce business sales market.
- Selling the business was emotionally intense, requiring detachment. The process involved juggling business operations, growth, and thorough due diligence.
- The speaker imparts lessons by advising on preparation for due diligence, ensuring business transferability, maintaining stability through documentation and growth, and strategically timing the sale at the peak of business romance.