<description>&lt;div class="OutlineElement Ltr SCXW102068633 BCX0"&gt; &lt;p class="Paragraph SCXW102068633 BCX0"&gt;&lt;span class= "TextRun SCXW102068633 BCX0" lang="EN-CA" xml:lang="EN-CA" data-contrast="auto"&gt;&lt;span class= "NormalTextRun SCXW102068633 BCX0"&gt;Murray Kent had no background in electrical conduit fittings when he paid $40,000 for a four-person business that, as he put it, looked like a bit of a crack den. &lt;/span&gt;&lt;span class= "NormalTextRun SCXW102068633 BCX0"&gt;What he did have was Value Builder's 8 drivers -- pinned to the wall next to his desk as a literal road map for every decision he made.&lt;/span&gt;&lt;/span&gt;&lt;span class="EOP SCXW102068633 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/div&gt; &lt;div class="OutlineElement Ltr SCXW102068633 BCX0"&gt; &lt;p class="Paragraph SCXW102068633 BCX0"&gt;&lt;span class= "NormalTextRun SCXW102068633 BCX0"&gt;In this episode of Built to Sell Radio, you discover how to negotiate a clean exit with no earn-out complications and no equity rollover.&lt;/span&gt;&lt;span class= "EOP SCXW102068633 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/div&gt; &lt;div class="OutlineElement Ltr SCXW102068633 BCX0"&gt; &lt;p class="Paragraph SCXW102068633 BCX0"&gt;&lt;span class= "TextRun SCXW102068633 BCX0" lang="EN-CA" xml:lang="EN-CA" data-contrast="auto"&gt;&lt;span class= "NormalTextRun SCXW102068633 BCX0"&gt;You'll&lt;/span&gt;&lt;span class= "NormalTextRun SCXW102068633 BCX0"&gt; learn:&lt;/span&gt;&lt;/span&gt;&lt;span class="EOP SCXW102068633 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW102068633 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW102068633 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW102068633 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="1" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW102068633 BCX0"&gt;&lt;span class= "NormalTextRun SCXW102068633 BCX0"&gt;Why posting the eight drivers next to your desk changes the decisions you make every day&lt;/span&gt;&lt;span class="EOP SCXW102068633 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW102068633 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW102068633 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW102068633 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="2" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW102068633 BCX0"&gt;&lt;span class= "NormalTextRun SCXW102068633 BCX0"&gt;How Murray reduced his biggest customer from 50% of revenue to the low 20s -- and why even that required extra meetings to satisfy the buyer&lt;/span&gt;&lt;span class= "EOP SCXW102068633 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW102068633 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW102068633 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW102068633 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="3" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW102068633 BCX0"&gt;&lt;span class= "NormalTextRun SCXW102068633 BCX0"&gt;The counterintuitive reason a surprisingly high offer should make you more cautious, not less&lt;/span&gt;&lt;span class="EOP SCXW102068633 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW102068633 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW102068633 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW102068633 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="4" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW102068633 BCX0"&gt;&lt;span class= "NormalTextRun SCXW102068633 BCX0"&gt;How Murray turned a proposed earn-out into a simple 12-month warranty holdback worth less than 5% of the sale price&lt;/span&gt;&lt;span class="EOP SCXW102068633 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW102068633 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW102068633 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW102068633 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="5" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW102068633 BCX0"&gt;&lt;span class= "NormalTextRun SCXW102068633 BCX0"&gt;Why Murray broke the news to staff in small groups rather than a town hall -- and how he kept each group from spoiling it for the next&lt;/span&gt;&lt;span class= "EOP SCXW102068633 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW102068633 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW102068633 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW102068633 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="6" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW102068633 BCX0"&gt;&lt;span class= "NormalTextRun SCXW102068633 BCX0"&gt;Why open-book management and profit sharing made his team part of the business, not just employees of it&lt;/span&gt;&lt;span class="EOP SCXW102068633 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW102068633 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW102068633 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW102068633 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="7" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW102068633 BCX0"&gt;&lt;span class= "NormalTextRun SCXW102068633 BCX0"&gt;What Murray wishes he had known going in: the one negotiation skill no podcast can fully prepare you for&lt;/span&gt;&lt;span class="EOP SCXW102068633 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt;</description>

Built to Sell Radio

John Warrillow

Ep 540 From $40K to 8 Figures -- How Murray Kent Sold His Electrical Conduit Business for 6.2x EBITDA

APR 3, 202653 MIN
Built to Sell Radio

Ep 540 From $40K to 8 Figures -- How Murray Kent Sold His Electrical Conduit Business for 6.2x EBITDA

APR 3, 202653 MIN

Description

Murray Kent had no background in electrical conduit fittings when he paid $40,000 for a four-person business that, as he put it, looked like a bit of a crack den. What he did have was Value Builder's 8 drivers -- pinned to the wall next to his desk as a literal road map for every decision he made. In this episode of Built to Sell Radio, you discover how to negotiate a clean exit with no earn-out complications and no equity rollover. You'll learn: Why posting the eight drivers next to your desk changes the decisions you make every day How Murray reduced his biggest customer from 50% of revenue to the low 20s -- and why even that required extra meetings to satisfy the buyer The counterintuitive reason a surprisingly high offer should make you more cautious, not less How Murray turned a proposed earn-out into a simple 12-month warranty holdback worth less than 5% of the sale price Why Murray broke the news to staff in small groups rather than a town hall -- and how he kept each group from spoiling it for the next Why open-book management and profit sharing made his team part of the business, not just employees of it What Murray wishes he had known going in: the one negotiation skill no podcast can fully prepare you for