Feb 21, 2018
Syed Balkhi is the Co-Founder of Opt-In Monster, WPBeginner, List25, WPForms and is the President of Awesome Motive, Inc. His philosophy is “People First” and he proudly wears a t-shirt stating this very fact during our Podcast.
Syed recently sold a multi-million dollar business and made what many would deem an “odd choice”. He chose a buyer that required a 10% seller note over an all-cash buyer. Both offers were for full price. Why? He explains in detail what his buyer did during the initial conference call that swayed him to choose an offer with a seller note over all cash.
Syed, at the age of 27 years old, seems to have the wisdom and experience of someone twice his age. He talks about how partnerships have helped in grow his businesses to heights he could never have gotten to on his own. And how critical hiring the right team and taking great care of them allows one to live more freely and grow their business beyond expectations.
Syed’s various software and plugins are installed in over 4,000,000 website worldwide. That’s FOUR MILLION (just to be clear). He’s building an empire the right way with good people, the right corporate structure (for an easy exit) and in an environment that astounds many. He does this with 100% remote employees and works from a home based office.
Oh yeah, and he’s a Gators fan.
Episode Highlights:
- What the process of selling a multi-million dollar business is like.
- Why the right buyer is better than the all cash one.
- Why it is NOT always about the money.
- How to setup your portfolio of businesses for an easy exit.
- How to build a better empire with partnerships that last.
- Why using remote employees and a home office works for Syed.
- How to use influencers to launch a great product.