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How to successfully exit and sell a business

Jonathan Lea

Yesterday’s Pivotal Tribes event at Google Campus featured a panel of entrepreneurs who have successfully grown businesses and then sold them. The panel discussed with the audience their stories and top ideas on how to ensure the best return possible is generated on an exit. I’ll update this post with more photos later on.

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Thanks very much to sponsors Smith & Williamson and Gannons Solicitors for supporting the event, enabling it to be free to attendees and enough refreshments to be supplied for everyone.

The panel were as follows:

• Guy Rigby, Head of Entrepreneurs at Smith & Williamson, an experienced chartered accountant and entrepreneur, with directorships and shareholdings in a number of varied businesses and author of the critically acclaimed ‘From Vision to Exit – The Entrepreneur’s Guide to Buying and Selling a Business’.

• Karen Darby, current Founder & CEO of CrowdMission (the world’s first equity-based crowdfunding platform for social and environmental businesses) and also Founder of Call Britannia and SimplySwitch, which produced a x22 return for its investors.

• Andy Tait, Partner at the Pembridge Partnership and Co-Founder of Collider12 (the UK’s first startup accelerator for ‘B2Brand’ companies) and co-founded and served as a main Board Director and Vice President of both private and publicly listed companies in the UK and USA.

• Nick Cronin, Partner at business advisory company Bean Partners and former executive at a variety of public and private companies across the globe, including in the Clean-Tech, Med-Tech, Chemicals, Oil & Gas and Infrastructure sectors, where he has been responsible for the growth and successful sale of multiple organisations.

Here are some of the points made by the panel that resonated with the audience as they tweeted through the event (as well as a video clip at the end):

 

 

 

 

 

 

 

 

 

And finally, for my own indulgence, a couple of tweets I spotted:

 

 

About Jonathan Lea

Jonathan is a specialist business law solicitor who has been practising for over 18 years, starting at the top international City firms before then spending some time at a couple of smaller practices. In 2013 he started working on a self-employed basis as a consultant solicitor, while in 2019 The Jonathan Lea Network became a SRA regulated law firm itself after Jonathan got tired of spending all day referring clients and work to other law firms.

The Jonathan Lea Network is now a full service firm of solicitors that employs senior and junior solicitors, trainee solicitors, paralegals and administration staff who all work from a modern open plan office in Haywards Heath. This close-knit retained team is enhanced by a trusted network of specialist consultant solicitors who work remotely and, where relevant, combine seamlessly with the central team.

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