In this episode of “Show Me The Way,” Dave sits down with Joe Haydu, Former President of Versaflex, to discuss the selling of his business, not once, but twice. He reflects on the growth and trajectory of the business, both sales of the business, and his personal growth over that same time.

Dave asks Joe to discuss his background, and how he got into the business of Versaflex

• Joe mentions how he wanted to be entrepreneurial rather than pursue higher education

Dave asks Joe when it came to his and his partners’ attention that it might be time to sell the business.

• Joe says that the time to sell really started at the beginning, noting that the group was in it to make money and sell the business

Dave discusses how many people struggle with the process of selling their business, as it often gives them a sense of purpose.

• Furthering on this, he notes how Joe also seemed to be struggling with this when they met, but then found a way to move forward.

Dave asks how much Joe had a handle in the second selling of the business.

• Joe discusses how he didn’t feel comfortable as President of the business, as it had grown and changed so much

Dave says that he would be interested to know Joe back when he started the business, and compare that to who he is today, understanding that Joe grew a lot over that time.

• Joe discusses how the last few years became emotionally wrenching for him, which is what helped him realize it was time to sell the business

To reach out to Dave for advice or consultation, please visit www.davidseitter.com or email him at [email protected]

Disclosure

This podcast is provided for educational purposes. It does not constitute legal advice and is not intended to establish an attorney-client relationship. The recommendations contained in this podcast are not necessarily appropriate for every individual or business. In determining the best course of action, business owners should consult with an attorney on their distinct circumstances.