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How Tim Drake Sold His Mobile-First Agency For £20 Million
Manage episode 461286258 series 3638634
Contenido proporcionado por Barnaby Cook. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Barnaby Cook o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
Tim Drake, a semi-retired agency owner, shares his journey of building and selling his agency for £20 million. He discusses the various pivots his agency went through, from graphic design to websites to mobile-first business. Tim emphasizes the importance of finding the right business partner and maintaining a ruthless focus on building and selling. He explains the earn-out structure of the deal and how they exceeded expectations. Tim also highlights the significance of culture, agility, and a deep understanding of running a business in achieving success. He encourages agency owners to consider different approaches to achieve their financial goals.
Takeaways
- Pivoting and adapting to new technologies and market demands is crucial for the success of an agency.
- Finding the right business partner who complements your skills and shares your vision is essential.
- Maintaining a ruthless focus on building and selling can lead to significant financial success.
- Culture, agility, and a deep understanding of running a business are key factors in achieving success in the agency industry.
Connect with Tim on LinkedIn: https://www.linkedin.com/in/tim-drake-6b41569/
Connect with Barnaby on LinkedIn: https://www.linkedin.com/in/barnabycook/
Join The Exit Plan mailing list: http://eepurl.com/iC8sIY
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