EP 148: What 4 Exits Taught TK Herman About Business

Building a business is challenging, but truly understanding its value and how to maximize it is where many entrepreneurs fall short.

TK Herman, entrepreneur, four-time exit veteran, and Curator at The Halcyon Forum, breaks down what it actually takes to build and sell a business at maximum value. Learn why most founders leave money on the table, what TK would do differently across his four exits, and why working on yourself may be the highest-return investment you make in your business.

If you're building to sell, this is a look at what separates the deals that close well from the ones that don't.

In this episode, you will:

• Hear valuable lessons from multiple business exits

• Find out how head trash is an entrepreneur’s biggest constraint

• Understand how culture and people directly impact value

Highlights:
(00:00) Meet TK Herman

(02:00) Getting fired and discovering entrepreneurship

(08:27) Breaking down TK's four exits

(14:47) Losing $2.3M on a pickleball business

(18:09) Why sellers leave money on the table

(22:39) When companies outgrow their people

(27:41) The business owner sets the ceiling for the company

Resources:
For past guests, please visit https://www.defendersofbusinessvalue.com/

Follow TK: https://www.linkedin.com/in/tkherman/

Follow Ed:
Connect on LinkedIn: https://www.linkedin.com/in/edmysogland/
Instagram: https://www.instagram.com/defendersofbusinessvalue/
Facebook: https://www.facebook.com/bvdefenders