Delving into the mind of a buyer as Sam Lundin, CEO of Vimbly Group provides a fresh viewpoint from their perspective in acquiring an e-commerce business.

WHAT YOU’LL LEARN

• What is Vimbly Group and how it got started in purchasing E-Businesses
• Strategies of Growing a Business
• Experience in Acquiring and Running an E-Business
• Metrics for a Successful Exit: Buyer’s Viewpoint

KEY POINTS

1. Business owners must not be afraid to involve experts in the running the business. It may be expensive in the short -term but the growth they can bring in would be beneficial to the business in the long-term.
2. Delegation is key to growing an existing business.
3. There are 3 roles in a business. General management, ideation and execution. Owners would need to focus on ways to improve the business and trust others to run it.
4. Processes already in place must also be transferable to the buyer.
5. Sellers are encouraged to get to know the buyer so that they would have a feel of whether they would like to work with them or not.