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§ October 11, 2023
How Mark Ferrier Grew His Marketing Agency to $2M EBITDA and Scored an 8-Figure Exit

How Mark Ferrier Grew His Marketing Agency to $2M EBITDA and Scored an 8-Figure Exit

Published on October 11, 2023
Mark Ferrier started the marketing firm TRAFFIKGROUP and saw it grow to over $2M in EBITDA before deciding to be bought out by the private equity firm Onex for an eight-figure sum.A friend told Mark that most founders wish they had sold 50% sooner for 25% less, which made him decide to sell. This show is full of useful tips for service-based businesses, such as how to:
- Put your employees to work by giving them a "Holy Crap" fund.
- Get rid of minority partners.
- Tell the difference between agreement and alignment.
- Take care of imposter disease.
- Know when to sell.
- Do not let the form of a deal "Hollywood" you.
- Think about the risks of rolling stock.
- Do not earn out.
- Look over an offer from a private equity firm.
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Originally published at chaumettesolutions.net
