Hello to all our peeps in the Million Dollar Community! As always, I hope this message finds you all doing well, and business is booming!
All I can say about the following message, which I encourage all of you to read, is "WOW!"
I could literally go in so many different directions and write multiple doctoral dissertations in response to this email, but I'll hold my FAT fingers and refrain from overwhelming you with too much information.
I'm sharing this message with everyone because I know for a fact that there is a large portion of providers who subscribe to our newsletter and all they do is work for brokers. It's sad, but, hopefully, messages like this can serve as a type of wake-up call.
Ultimately, I definitely appreciate this providers honesty and self awareness for why they never moved forward in scaling and getting out from underneath ModivCrap. However, to answer her specific question, sure, anything is possible, but if she's looking to remain an active operator and decision-maker in the business and less of an employee, then chances are slim the acquisition would work.
In fact, based solely on what she's shared in this particular email, it actually sounds more like she's searching or wishing for more of an investor to help fund growth and accessibility versus pursuing a true acquisition.
If she were to sell the business, which honestly, could be a very serious stretch based on her one dimensional business model, how long she could remain with the business beyond closing would really depend on the desires, needs, and expectations of the buyer.
To her credit, this provider recognizes she's failed to really tap into market opportunities. In the event she was able to find a buyer and was able to stay onboard following closing, there's always the possibility of growing tension between her and the buyer as the buyer pursues a different vision and direction for the business.
She started the business, and therefore, she's going to have a strong emotional attachment despite no longer owning the business. If the situation isn't handled properly, tension could naturally build which would, obviously, adversely effect the business and both parties.
All of these dynamics would need to be discussed in detail with an effective strategic plan with defined roles and responsibilities in an effort to avert problems and to facilitate growth..
Again, everything I just described is predicated on her ability to sell which, in being completely honest, could be a very, very hard "sale" - most likely being an asset sale based solely on the fact that she's serving only Modvicrap and doesn't appear to have a strong ROI.
Needless to say, there are a lot of things to consider. Without knowing anything more about your business, I would suggest you reach out to our team to discuss the possibilities of transforming your business over the next year or two and then working to sell your business when you're in a much stronger position.
See you at the Top!
Joel E. Davis | 
