CASE STUDY
"We sold our business for £25M"
Press the "play" button to hear the audio case study!
In this exclusive interview, we chat with Mark Farris about the critical success factors that, with Romney's help, led to a successful exit. If you have any ambitions to sell your company one day, it's likely you'll need to consider these same factors in order to maximize the value of the business and how much you can get for it.
This audio Case Study gives you the opportunity to "eavesdrop" on the conversation, completely unscripted and unedited, and hear the fascinating story straight from Mark Farris himself.
Mark Farris visited Romney at his home in Juan Les Pines, Antibes, France
Image by Jwieski (Own work) via Wikimedia Commons
Imagine Selling Your Recruitment Business
for 7 or 8 Figures
Picture yourself uncorking a bottle of champagne and celebrating with your closest friends and family, knowing you were free of financial worry forever.
At this point, you might be thinking "Yeah, right!" and we wouldn't blame you for feeling sceptical. After all, for most recruitment business owners, this dream is so distant from their current reality that it seems like nothing more than a pleasant fantasy.
The truth is, setting a "Big Hairy Audacious Goal" can be pretty scary. It's easier to tell oneself, "Let's be realistic" or "I'll never be able to achieve that, so why even try" or "that guy just got lucky." That way, we don't have to deal with our fear of failure or the uncomfortable possibility of disappointment
But before you give into fear and self-doubt by dismissing the idea out of hand, ask yourself this powerful two word question: "What if?"
What if it were possible? What if you really could do it? After all, other business owners like Mark Farris have succeeded in doing so. If they can do it, why not you? If you were 100% committed, and had all the tools, resources and information you needed, could you find a way to make it happen?
What if the only thing standing in your way is knowledge? What if you had a mentor who could show you the exact step-by-step process to follow, and the pitfalls to avoid? What if you could develop the necessary skills and knowledge, by learning directly from someone who's already done it multiple times?
That's exactly why Mark Farris hired Romney Rawes. Now you have the same opportunity before you. When you join Recruitment Growth Accelerator, you'll gain access to the same knowledge that enabled Mark to sell his firm for £25M in 18 months.
Want PROOF?
For more information about the acquisition of Judd Farris by Badenoch & Clark, part of MPS Group, you can check out a selection of articles here:
MPS Expands Into Asia with Latest Acquisition
Mergers and Acquisitions - Badenoch & Clark Aquires Judd Farris
Jacksonville Business Journal - Acquisition Gives MPS Entry into Asia, Australia
Mark Farris
Co-Founder, Judd Farris Property Recruitment
Mark Farris is the co-founder and former CEO of Judd Farris, which he developed into the largest privately owned specialist property recruitment company in the world operating from 13 offices worldwide. The business was eventually sold to MPS Group, a NYSE Fortune 500 company.
Mark is now the CEO of Trikl, a marketing platform delivering socially guided marketing. He's still actively involved in the recruitment industry, and is currently acting as Chairman, Advisor and Non-Executive Director to 4 different recruitment companies.
I attended a seminar that Romney delivered for senior managers in Recruitment. I approached him about helping us formulate a strategy to exit the business in 3-5 years. We appointed Romney as a Non-Executive Director. He gave us a fresh perspective, objective analysis, accountability plus ideas and insights based on 40 years recruitment experience. We increased our spread of clients, increased our margins.
We looked at what we could do in terms of marketing and strategy for getting more business. Romney helped us to develop our second tier of management, to develop their skills, so that the business was less reliant on the individuals who set it up and could operate successfully without us.
He accelerated the process of achieving a successful exit – within 18 months of hiring Romney we sold the business for £25,000,000.Mark Farris Judd Farris