When To Sell Your Business
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How Much Could You Sell Your Company For?
If a private equity firm or strategic acquirer made an offer to you today, would you take it? Would you know if it's a fair deal? Are you in the position to close a deal?
Getting acquired could transform your life.
Founders don't realize that it usually takes 12-24 months to prepare a company for a successful exit, the sooner you have a plan in place, the greater the potential outcome.
If you want to get acquired, we can help. Book a free discovery call with our team of experts to explore your options and discuss getting a plan in place that could change your life.
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When to Sell To Your Business, Exit Strategies and Selling Your Marketing Agency
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Join me as I sit down with David Rodnitzky, the founder and former CEO of 3Q Digital. He built his company from the ground up, sold it, then in a rare move, bought it back, only to sell it again. David breaks down the challenges and opportunities he encountered during multiple rounds of fundraising and acquisitions, offering real insights into agency growth and M&A transactions.
For entrepreneurs eyeing the exit, David's story is a wake-up call. He emphasizes that building and selling a service-based business is far from straightforward, and there's more to consider than just the financial windfall. Drawing from his experience, David provides invaluable advice for founders contemplating a sale, making this episode a must-listen for anyone in the professional services space looking to scale or sell their business.
Here's what you're in for:
- 02:33 The founding and growth of 3Q Digital
- 08:31 First sale and the challenges of earn-outs
- 15:51 Buying back the company and subsequent sale
- 21:38 What makes a marketing agency attractive for acquisition
- 25:34 Common deal structures in agency acquisitions
- 33:14 Factors that can derail a deal
- 39:08 Advice for founders considering selling their business
- 42:12 David's book: "Selling Your Marketing Agency"
ABOUT DAVID RODNITZKY
David Rodnitzky is a seasoned entrepreneur and marketing expert with over two decades of experience in the digital marketing industry. His journey began in 2000 at Rentals.com, where he pioneered the shift toward search engine marketing (SEM), setting a precedent for success in the field.
As the founder of 3Q Digital, David built the agency from the ground up, leading it through exceptional growth and multiple successful transactions. His expertise has been recognized by Google, naming 3Q Digital a top agency partner, and his insights have been featured in prestigious publications. David's contributions to the industry earned him the University of Iowa's 2021 Alumni Entrepreneur of the Year award.
David also wrote a book called "Selling Your Marketing Agency" which aims to level the playing field for agency owners looking to sell their businesses by sharing insights from his own experiences with multiple transactions. The book provides valuable guidance for professional services business owners on navigating the complexities of selling their companies.
Currently, David runs a consulting firm dedicated to helping marketing agency founders grow their businesses and navigate the complexities of selling. Drawing from his experience in agency growth and M&A transactions, he's passionate about creating equal opportunities for founders in the agency sale process.
Connect with David on:
- Linkedin: https://www.linkedin.com/in/davidrodnitzky/
- Website: https://davidrodnitzky.com/
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