Ep. 86 The Speedy Sale

Dan Lok packaged a set of table tennis video tutorials into a membership website and charged a subscription fee to join. Over eight years, Lok managed to build a five-figure recurring revenue stream from subscribers to Table Tennis Master. Table Tennis Master was one of 20 businesses Lok was developing simultaneously when tragedy struck his family. That’s when he decided to simplify his life and sell off some of his business interests. In Lok’s case, speed and ease of transaction were more important than maximizing his financial take, so in this episode you’ll hear the story behind the sale of Table Tennis Master and learn some unconventional tactics, such as: How to sell your business in a few weeks. A sure-fire way to tell if you should keep or sell your business. How to identify and engage friendly acquirers who can make a quick offer. How to structure your deal when speed and efficiency are more important than value.