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What should you keep in mind when it comes time to sell your agency? You’ll find out on today’s episode.
Today we have video as well!
Michael Young comes to us with a wealth of experience on every level of the agency spectrum. After building and selling a boutique PR shop to one of the Big Five, Michael moved into acquisitions and founded Millwright Holdings in San Francisco, where he helms a growing network of independent agencies.
What You Will Learn:
- Specific attributes Millwright looks for in acquisition candidates.
- Late-stage red flags that kill agency acquisition deals.
- The importance of having the entire agency process delegate-able by the time you’re ready to sell.
- How to handle specialization, conflict, and the non-compete factor.
- Surprises that can come up after the acquisition process.
- Why the earnout should not be the goal.
- Ways leaders can best facilitate the transition after the sale.
- The future of hiring, freelancing, and the ideal agency team.
Links and Resource from This Episode:
