Buy Grow Sell

EP14 Why You Should Not Tie Earn-Out to Performance


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Tina Tower started her first business at the age of 20, an enterprise that went from being a small suburban tutoring centre and educational toy store, to becoming a licence program, and then a franchise. After five years of franchising, Tina opened 35 Begin Bright centres across Australia that employed 120 staff.
After Begin Bright was acquired by an international education company in 2016, she started coaching other people on how to scale their service-based businesses.
In this episode, Tina shares her advice if you’re thinking about signing an earn-out – imagine the worst case scenario (even the things you think no one could possibly do), and the one thing she would prioritise if she were to exit all over again (hint: don’t tie your buyout or earnings to anything performance related).
Connect with Tina Tower
Website: https://www.tinatower.com/
Website: http://milliondollarmicrobusiness.com/
LinkedIn: https://www.linkedin.com/in/tina-tower-b28a5136/
Facebook: https://www.facebook.com/TinaTowerAu
Instagram: https://www.instagram.com/tina_tower/
Twitter: https://twitter.com/tina_tower
YouTube: https://www.youtube.com/channel/UC7go9J55muB2DlKLL5XO-vg
Connect with Simon Bedard
LinkedIn: https://www.linkedin.com/in/srhbedard/
Website: https://buygrowsell.com/
Website: https://exitadvisory.com.au/
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Buy Grow SellBy Simon Bedard

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