Have you ever wondered what the perfect strategic sale looks like? On today’s show, we’re going to be talking to Josh Elizetxe, who was extremely successful at managing his company at a very young age. Within six months of deciding to sell, Josh successfully created a market and sold his company to one of his strategic partners. He’s going to share some of the best wisdom and insight that we’ve had on this show. Tune in to learn what Josh learned, what he’d have done differently, and what he’s up to now.
In this episode, you’ll learn:
When Josh decided to become an entrepreneur and how he decided to take the lead in his venture.
Some of the goals Josh made and milestones he met as he snowballed his company from startup to success.
Some of the benchmarks that Josh had been tracking mentally so he knew he had gotten to the point where it made sense to sell.
The trigger when Josh knew that he was not doing what he should have been doing.
How Josh managed all of the factors that go into the decision to sell, the tactical strategies he used, and his tips on making the transition.
Thoughts on valuing a company and setting a price, as well as convincing a potential buyer that the company is worth that price.
How Josh picked the partner he picked and how he removed emotion from the decision.
How do you value the power of your own two hands? Josh Elizetxe learned just how valuable building something from nothing can be, particularly in the digital world. Today’s podcast explores how to properly build a successful and profitable business out of nothing and capitalize on its specifics for a strategic sell for the highest dollar.
What do you need to do to be a successful entrepreneur?
Simply put: work for it. Josh poured all he had into his work. Starting at the age of fifteen, Josh immersed himself in his hobby of computers (learning about them, playing on them, and eventually building websites on them) until he was a master of his craft. It took time, energy and prioritization.
What Makes You Unique?
Josh was surprised to hear from advertisers after he started his blog. He had built something for himself which was a labor of love — his first blog was about the new iPhone coming out (which he coveted) and was the tech review that has become standard today. He was before the curve. This is vital in being successful, we all know, so how can you take the product you have (or hobby or service) and capitalize on it? This is your time to shine. Find what makes you unique in the market and customize what you’re offering to further help yourself stand out.
Josh did this by accident. But he capitalized on it with intention.
Say Yes
After he built his first blog site for himself, he started hearing from advertisers. This was at a time when the Internet was still an enigma and there was no trust in transactions conducted on it