053 – In the late Spring of 2020, I knew it was time to focus on my endeavor here at joshhall.co where I teach web designers how to build awesome websites and grow their own web design business, full time. This left me with a big decision and a big question…what do I do with my web design agency?
Some of the thoughts that went through my mind, among many others, were:
• Should I hire a project manager, a sales person or someone to run the day to day?
• Should I sell it and hand off my clients?
• Should I merge with another agency?
It was a big decision and in short, I decided to go the best of both worlds. Sell the business but also retain some ownership to be involved with the business, the team and my “A” clients who are still dear to me and who, in some cases, have been with me for over a decade.
In this “behind the scenes” case study style episode, myself along with my new CEO and partner Eric Dingler who acquired my business, open up about went on with selling my business (from my end) and acquiring the business (from his end.)
I know it’ll be a super beneficial chat and reference guide for those of you who are looking to sell your business either soon or one day down the road and even for those of you who aren’t looking to sell your business, hopefully it’ll be a very valuable resource for you on how to organize your business and prepare it for whatever you want to do in the future with it.
In this episode:
00:33 – An introduction to selling my business
05:11 – What went into selling
07:24 – When you know it’s time
13:46 – Seeking advice from mentors
18:36 – Trust your gut
25:35 – A new mission (10% goes to funding adoption)
28:58 – What we did was a hybrid approach
29:59 – Keeping skin in the game
36:54 – This is where the work came in
43:55 – Creating a schedule and deadlines
45:35 – A video about all the clients
49:34 – No regrets
53:50 – Most emotionally draining aspect
1:01:14 – More domain authority and SEO
1:05:26 – It seemed too good to be true
1:10:12 – Creating a succession plan
1:15:14 – Eric’s final thoughts and appreciation
Connect with Eric and get all the links and resources mentioned in the video at:
https://joshhall.co/053
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