"You have to think about the exit from day one.” – Ronik Patel, Founder of UnlimitedWP.
If you’ve ever dreamt of selling your agency, look no further than this episode. Excitingly, we have another two-time guest on, as Corey welcomes back Ronik Patel to discuss his recent success in getting his company, UnlimitedWP acquired by E2M. And, if the latter sounds familiar, it’s because its founder, Manish Dudharejia, is also a recent guest and friend of the podcast!
Ronik joins the show to share his exit experience, how that came to be, and all the lessons along the way. It truly is fascinating to witness the journey of a competitor becoming the acquirer, and what decisions led to the exit - or partial merger, to be exact.
While this episode is a gold mine of M&A advice, If we had to summarize a single takeaway, it would be that exits are made from day one. You have to plan for it from the get-go to ensure that your agency can run (and be acquired) without the day-to-day involvement of the founder.
Beyond the acquisition, we also discuss his future plans and what Ronik is building next for agencies. Tune in for the full story.
Here’s what we cover in this episode:
- How to prime your agency for an acquisition.
- Best practices for a successful exit.
- Acquisition experience and learnings.
- What’s next for Ronik and what he’s building in the agency space.
Here are some actionable key takeaways for agency founders:
- If you’re looking for an exit, seek out buyers immediately.
- Trust and transparency are paramount in the acquisition process.
- Make a list of potential buyers early on and build relationships before you need them.
- Aligning on values is the cornerstone of a successful acquisition.
The resources mentioned in this episode are:
- Connect with Ronik on LinkedIn Here
- Check out UnlimitedWP Here
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