(0:00:05) – Building and Scaling Successful Businesses
Tim Schumacher, a partner and co-founder of saas.group, shares the story of saas.group coming to life. Six years ago, Tim’s background as an entrepreneur and angel investor led to the birth of saas.group. We learn about the first business saas.group acquired, why Tim chose it, and how they identified a similar culture within the team. We also explore the idea of how to recognize when you’re better suited to be a CEO or co-founder at a later stage, rather than a starter or builder.
(0:14:51) – Selling a SaaS Business
We explore how founders can find financial security and flexibility in the SaaS industry by selling their businesses. Tim shares how saas.group became one of the biggest SaaS platforms and how they focus on finding businesses with between one and five million in revenue. Tim shares how saas.group offers an opportunity for founders to gain financial security while still having a role in their company if they choose.
(0:21:18) – Selling a Business
Tim Schumacher shares that oftentimes founders want to take advantage of the fruits of their labor or just to try something new. Other times, life changes such as having children or relocating can prompt a change. Tim also explains the challenges of acquiring companies and the importance of having an open discussion with the founders to ensure a smooth transition.
(0:33:51) – Insights on Selling a Business
Tim Schumacher shares his advice on approaching the acquisition process like a product-market fit exercise, and how to make sure the business and the acquirer are a good fit. He emphasizes the importance of talking to people for advice so that you can make an informed decision and get the best outcome.