Your business is your baby, so what happens when you must let someone else make the decisions?
Whether you have a business partner or a range of investors, there is always going to be someone with a different opinion on what you should do with the business. The problem lies when you don’t hold enough clout and their opinions are what go ahead.
This is the trap of a minority shareholder, and something Erik Rind can speak in-depth about. Having been building software since before the dawn of the internet, Erik has found himself a few times in a minority shareholder role – once being forced to sell a company to another company he didn’t want to, and once being forced to step down as president.
While these were some harsh lessons, it gave Erik clarity on how to approach business sales as a majority shareholder and come up with a number (and an ethical outlook) that takes care of his other partners.
Connect with Erik Rind
Website: https://imaginebc.net/
LinkedIn: https://www.linkedin.com/in/erik-rind-0aa415b/
Facebook: https://www.facebook.com/imaginebcapp
Instagram: https://www.instagram.com/imaginebcapp/
Twitter: https://twitter.com/imaginebcapp
Connect with Simon Bedard
LinkedIn: https://www.linkedin.com/in/srhbedard/
Website: https://buygrowsell.com/
Website: https://exitadvisory.com.au/
