Life After Business
About This Show
Sell your business when you want, to who you want, for how much you want. Ryan Tansom’s goal is to bring you all the information he wishes he had when they sold their company. He will teach you to build the value of your business, set your timeline, and harvest your wealth during the sale so you can exit your business happy and transition into a life after with passion, purpose, and community.
Most Recent Episode
Hunting the Next Best Thing - Interview with Clint Fiore
2 days ago
When approached by an inventor with 7 patents for a new giant fake tree hunting blind, Clint Fiore went out on limb (a very lifelike tree limb) and quit his current job to raise capital, build a prototype, find an angel investor, manufacture, market, and sell what would eventually become Nature Blinds. If you listen, you will learn: The process of getting a start-up company going What it is like working with angel investors Opportunities and downfalls that may come with angel investments The trouble with valuing a start-up company How Clint sold ownership interest and exited his business How he leveraged his skills and migrated into buying and selling businesses in the middle market Nature Blinds Comes to Life Clint Fiore was an aviation specialist, pilot, and insurance salesman from Texas. He was a self-proclaimed business junkie but at this point in his life, was not a business owner and definitely not a hunter. “So here I am, this salesman for an insurance company who is reading business books and all of a sudden I get connected with this dreamer, inventor, artist guy who has patents and knows how to make cool looking stuff but doesn’t know how to do a business. I guess I read enough books by that point where I was like, you know what, I can do that.” Clint raised money for a prototype of the new age hunting blind which was basically a hyper realistic looking tree that hunters could hide in. He found an angel investor who saw opportunity in the Texas exotic hunting ranch market. Within a year, the company went from 6 to 50 employees, hit over 2 million dollars, and despite some bumps along the way, continued to grow. Valuing and Exiting Nature Blinds Being a minority owner of the company, Clint didn’t have control of the vision or direction of the company. The company started to succeed in more than just hunting blinds. They started selling smaller consumer products that had mass market appeal. Cash was thin because of earlier manufacturing issues so the angel investor, who had ownership in the company, was willing to invest millions more in the company. Great! The catch was that he wanted to be in the drivi