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#343: The Decision-Making Process of Selling TXI to an ESOP with Josh Golden
On today’s show I have Josh Golden on to share his story about how he started, grew, and sold his company Table XI (now TXI) to an ESOP on December 31, 2022.
My favorite part of this interview? Josh focuses most of the interview about what went into his decision-making and why he sold the company to an ESOP.
I was super excited to finally interview Josh because I have been watching his journey for over five years. It was fun to hear Josh reflect on the recent exit, especially because of how intentional he was over the last five years.
Josh starts the interview by telling the story about how we met on a chairlift and struck up a conversation about him feeling “stuck” because he didn’t know what to do next with this business: continue growing it, sell it to a strategic buyer, do an ESOP, hire a CEO, etc.
As Josh shares his journey from the origin story through the exit, he does an amazing job articulating what he was trying to accomplish at each stage, what was important to him at that point in the journey, why he made the decision he did, and how that decision played out based on what he wanted.
I hope you enjoy listening to this conversation with Josh!
// WATCH THE INTERVIEW ON YOUTUBE: Intentional Growth™ Podcast
What You Will Learn
Why Josh was feeling “stuck” and what questions were on his mind that he needed answers to.
Why Josh decided to become an entrepreneur instead of following the academic route his parents took.
The origin story of Table XI, early partnership buyouts, and how Josh feels about it today.
Why it’s important to listen to the market and continue to evolve the business.
What client requests you should say “yes” to based on how your company infrastructure is built and where you want to take the business.
Josh's story of parting ways with high-ticket clients because values were not aligned.
What “distracted visionaries” need to do when bringing people on.
What it was like for Josh to take a back seat after hiring a CEO.
What hiring a CFO did for the company’s performance and valuation.
What led Josh to take his company the ESOP route.
Why Josh didn’t convert to an ESOP when he first decided that was the exit he wanted and what he did in between that time in order to almost double the value of the business.
// USE YOUR FINANCIALS TO CLARIFY A PATH TOWARDS A MORE VALUABLE BUSINES
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By Arkona - Intentional GrowthOn today’s show I have Josh Golden on to share his story about how he started, grew, and sold his company Table XI (now TXI) to an ESOP on December 31, 2022.
My favorite part of this interview? Josh focuses most of the interview about what went into his decision-making and why he sold the company to an ESOP.
I was super excited to finally interview Josh because I have been watching his journey for over five years. It was fun to hear Josh reflect on the recent exit, especially because of how intentional he was over the last five years.
Josh starts the interview by telling the story about how we met on a chairlift and struck up a conversation about him feeling “stuck” because he didn’t know what to do next with this business: continue growing it, sell it to a strategic buyer, do an ESOP, hire a CEO, etc.
As Josh shares his journey from the origin story through the exit, he does an amazing job articulating what he was trying to accomplish at each stage, what was important to him at that point in the journey, why he made the decision he did, and how that decision played out based on what he wanted.
I hope you enjoy listening to this conversation with Josh!
// WATCH THE INTERVIEW ON YOUTUBE: Intentional Growth™ Podcast
What You Will Learn
Why Josh was feeling “stuck” and what questions were on his mind that he needed answers to.
Why Josh decided to become an entrepreneur instead of following the academic route his parents took.
The origin story of Table XI, early partnership buyouts, and how Josh feels about it today.
Why it’s important to listen to the market and continue to evolve the business.
What client requests you should say “yes” to based on how your company infrastructure is built and where you want to take the business.
Josh's story of parting ways with high-ticket clients because values were not aligned.
What “distracted visionaries” need to do when bringing people on.
What it was like for Josh to take a back seat after hiring a CEO.
What hiring a CFO did for the company’s performance and valuation.
What led Josh to take his company the ESOP route.
Why Josh didn’t convert to an ESOP when he first decided that was the exit he wanted and what he did in between that time in order to almost double the value of the business.
// USE YOUR FINANCIALS TO CLARIFY A PATH TOWARDS A MORE VALUABLE BUSINES