Tom Gledhill has founded, built and sold multiple companies during his career as a business owner. He is a former M&A Advisor and the author of best selling books “The Big Transfer” and “Xit Pro System”. Tom joins Nana on Build Value By Choice this week for part 1 of an interview to talk about himself and the work he has done in the industry. Stay tuned for part 2 coming soon where Tom will discuss what business owners can do to unlock value they might not know is there.
When someone has a small business they have two things. They have an income and they have an asset.
Tom, a US Army veteran, holds a BS in Electrical Engineering from the University of Maine and an MBA from Boston College. Tom is a Certified Business Intermediary (CBI).
Tom has been in the trenches founding, building, and eventually selling his small businesses. He understands a business owner’s day to day stress – satisfying customers and staff, meeting payroll, and concern about future sales.
He has combined his experience from building and selling his companies and helping many other business owners sell their companies, to develop the XITpro System to help business owners increase the value of their company, make more money, and make their business more salable.
At the time Tom was working in healthcare software there was no understanding of exit planning and mergers. If he hadn’t been in a good industry then it would have been impossible to get the attention of big investors.
The whole negotiating process took over a year to complete. Tom had to keep the company ticking over while he was brokering the deal because any drop in performance would impact the negotiations.
Before you get into business, do your research, knowing what markets are in demand was Tom’s biggest success.
‘We were in the software market and that was a hot market’
‘I did my research and decided healthcare would be a good bet’
‘We didn’t start of in the same ballpark, we had to really negotiate for a price we could live with’
‘It’s not always about money when the human side is involved’
‘I always knew that I was growing an asset as I grew the company’
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Hosted by Nana Bonsu of Infinite Horizons, this show aims to serve small business owners who want to grow their businesses while reducing their own personal involvement. We do this through a combination of interviews with industry leaders, and host presentations. We are certified value builder advisors and leverage a statistically proven methodology to help clients such as you scale or transition their business to the next chapter.
We care for our listeners and see their dreams as our own. We aim to foster a community that embraces freedom, generosity, and integrity. This is a show by entrepreneurs and business owners for entrepreneurs and business owners.
ABOUT THE HOST
“I am an entrepreneur and ex-Corporate Executive who’s applying his experience and knowledge from working in various ways to pursue my passion of helping small business owners increase their choices in life by leveraging my knowledge and experience, their employees, systems and money. I help small business owners transform their business and increase value through action-oriented education and implementation of strategies and tactics to make their business sellable even if they are not planning on selling. Known for establishing an environment for personal growth and development. My multicultural background equips me with the intuitive understanding of different cultures and how they impact business owners.”
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