In 2007, David Heimlich started a recreational sports league for adults, Nation Leagues, with nothing more than a $60 loan from his father.
After 11 years, he fell ill and needed to sell – but his hard work over the years amounted to a business of no value. Why? Heimlich ran every aspect of the business (from marketing, registration, and even refereeing the games). Without him, Nation Leagues was worthless.
Heimlich had one choice: transform the business into one that could thrive without him. Find out how he did it.
In this episode, you’ll learn:
- Why lessons from the sale of a local sports league can apply to businesses of any size
- How Heimlich made Nation Leagues less dependent on him
- The role pricing played on Nation League’s growth
- Why a failed sale turned into incredible growth
If you’re interested in improving the value of your business, take our questionnaire or contact Colonial Business Brokerage today at 443-982-7332.