Buying a Business: Acquiring The Podcast Consultant
In 2022, my company, Draft.dev was growing rapidly. My team was solidifying and I had less and less to do. I knew that building a business that could thrive without me was the goal, but as that reality got closer, I started having an existential crisis.
At first, I thought about selling Draft.dev to take a year off. It seemed like it would be fun to have no professional responsibilities and maybe work on some creative projects, but I knew I’d get bored long before my cash reserves dried up.
Then I started thinking the other direction.
What if instead of selling the business, I used the cashflow from Draft.dev as leverage to buy another company?