I sold my company for millions AMA

[LivingAllTheDreams]

That's it really - thought people might be interested

Although I'm not going to tell you the name of the company

Oh that's interesting! Can you tell us the type of business? Were you offering a product or a service? Did you start it up alone?

Can I have a tenner?

What was your reason for selling?

How many millions?

How and when did you start out?

What will you do now you have sold it?

How old were you when you started it and now? Were you on your own or was someone else involved. Will you start something up again? Are you Jo Malone

what kind of company was it?

Did you have any sellers remorse?

I started about 10 years ago in my early 30s, but the first couple of years there wasn't too much going on and the hard work started about 2 years later.

I offered a legal/HR service and it transitioned from consultancy based offering into a tech platform.

Do you think you were right place/right time or did you actively look to make the change to the tech platform?

I offered a legal/HR service and it transitioned from consultancy based offering into a tech platform.

Could you elaborate on this, without outing your businesss?

I'd taken the business as far as I could, tech is not my area of expertise (or my interest in all honesty) and I couldn't take it to the next level.

I sold because I felt I had a responsibility to everyone who worked in the organisation to continue the success.

Obviously the money was also an incentive

Do you still work? A friend that did similar couldn't cope not working so went back to consultancy (and makes even more£££!).

What do you do now?

Do you plan to start another business?

What do you think helped you be so successful?

Do you think you were right place/right time or did you actively look to make the change to the tech platform?

A bit of both. I think I'd have been quite happy letting the consultancy side of things tick over but a series of personal circumstances meant I became more driven and at the same time clients were saying "what we really need is a system that allows us to do this", so I sought out that solution.

I had no expectation of the level of success it achieved

How do you feel about ‘your’ business now? Do you worry about it’s reputation in the sector/public perception/staff treatment or have you stopped seeing the current regime As anything to do with you?

I always love hearing stories like this. Inspirational. Well done OP. Here’s to other women achieving similar success!!

No I don't think I'll start another business, I'm continuing to do a bit of consultancy, but I'm only taking in stuff which is really interesting to me.

OMG but I hope this has nothing to do with WorkDay as that platform is utterly shite 😆

"My business" no longer exists as such, it's been subsumed by the purchasing company.

I do have some bittersweet moments and that's perhaps why I'm not keen on starting up something new, but I'm proud of what I achieved.

Inspirational. Well done OP. Here’s to other women achieving similar success!!

Thanks

It's not ESR is it? Bloody awful

Did growing the business involve crazy hours? We have a friend who has done something similar in the tech sector - not sure it was quite as successful as yours, but I think it was sold for a 7 figure sum. He worked incredibly hard for a few years, and it's certainly put DH off attempting something similar.

Was there a stage where you had very few staff, and had to do everything (e.g. marketing, sales, HR, technical things etc.). My friend says that was a stage he really didn't enjoy, and while he is working now, he doesn't plan to start another company.

Do you think it was worth what you sold it for or did it exceed your expectations?
Has it continued to be successful without you?
Well done by the way!