I’ve built and exited many businesses… this is how I did it
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Transcript:
I've designed this business where we’re not involved in this business. My business partner and I bought a business for Lara, right? It's called 100unicorns.com, it's an ecommerce store. Well, I don't expect Lara to work in the business. I don't expect to work in the business. I know nothing about ecommerce. And for that I gave away a chunk of the business to an operator, but then my contribution to it is a weekly meeting Lara on what product she wants to sell because that's her demographic and we need to write the check to buy inventory. That's it, right? So my job is to write a check into a meeting with Laura. That is all I do. The issue is we believe and we've designed the business with ourselves in it. That is why we're in it. What you want is to design a business. We were not involved at all and then you could choose to put yourself in or take yourself out when you want to.
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