What does life look like on the first day after selling your business?
In this week’s episode of The RAG Podcast, I’m joined by Chris Peace, founder of Peace Recruitment, a specialist construction and engineering recruitment agency based in Scotland.
Chris recently exited his business through a vendor-initiated management buyout (VIMBO) – a unique process that allows founders to sell their companies to their teams without the need for external financing or debt.
In this candid conversation, Chris shares:
💡 How he structured the VIMBO process to ensure a smooth transition for the business.
⚙️ The key considerations founders need to plan for when preparing to sell.
📈 The benefits of this approach for boutique agencies looking to empower their teams.
💪 The impact of coaching on leadership, team happiness, and business growth.
🔑 Insights into his leadership journey, the challenges of letting go, and his plans for life beyond Peace Recruitment.
Whether you’re dreaming of your next chapter or seeking a stress-free exit strategy, this episode offers actionable advice and real-life inspiration for boutique recruitment owners.
Chapters
00:00 Introduction to Chris Peace and his journey
02:51 The vendor-initiated management buyout process
06:05 Early career and entry into recruitment
12:13 Launching Peace Recruitment
21:02 Growth and challenges in business
29:03 Coaching and personal development
33:52 Translating personal skills online
34:21 The journey of building a brand
35:19 Evolving leadership styles
36:15 Authenticity in leadership
37:38 Coaching and empowering teams
39:02 Vision and business growth
40:58 Navigating business offers
42:51 Leadership structure for exit
45:18 Impact of COVID on business
48:40 Personal struggles during crisis
49:36 Management buyout process
52:29 Structuring the buyout
55:15 Tax implications of selling a business
57:40 Future plans and new ventures
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