John Shufeldt, MD, JD, MBA, FACEP’s Post

John Shufeldt, MD, JD, MBA, FACEP was an ER doctor before embarking on a decades-long career as a serial healthcare entrepreneur with three companies and a health-tech VC firm under his belt. In this discussion, he details the sale of his virtual medicine business, MeMD to Walmart in 2021. He recognizes that, while he happened to sell at a peak valuation, it wasn’t due to timing the market, but rather his success came in selling the company while there was still a “blue ocean” of growth opportunity ahead, following a compelling story of year-over-year historic growth. When selling to large buyers like Walmart, he emphasizes how important it is to have your numbers in order, and how much easier it is to build this into your business operations early, rather than retroactively trying to clean up finances when an offer is at your doorstep. For more details and insights from his entrepreneurial journey, listen to the latest episode of The Exit: https://ow.ly/YsHE50RgrCE #exit #exitstrategy #exitplanning #onlinebusiness #entrepreneurship #businessowner #businessopportunity #entrepreneurship #MandA

Listen to our GP, John Shufeldt, MD, JD, MBA, FACEP, discuss the sale of his telehealth company, MeMD, on his podcast episode for The Exit. In his episode, he shares valuable insights on: -Selling while the opportunity is ripe: It wasn't just about market timing; success came from presenting a compelling story of consistent growth and a vast "blue ocean" of future potential. -The power of strong financials: When selling to major players like Walmart, having a clean and organized financial picture is crucial. Building this early makes a world of difference compared to scrambling later. Listen to the full episode through the link below. #businessexit #businessleadership #sellingyourbusiness #exitplanning #businesstips

Founders: Start sharing your f*ckups more often. Doing it changed my life, and it can change yours, too. The internet is full of perfect pitches, flawless exits, and overnight successes flooding our feeds. Most founders are too ashamed to share their bumpy road to success, whether it was a messy negotiation, a bad exit, or plain rookie mistakes. I’m still yet to find a reason not to do it! It’s time to flip the script. Let's share the messy, the real, and the raw. Let's celebrate the f*ckups as valuable stepping stones to greatness. #founder #sales #business #exit #entrepreneurship

𝗧𝗶𝗰𝗸, 𝘁𝗶𝗰𝗸, 𝘁𝗶𝗰𝗸...⏰ the 𝗰𝗼𝘂𝗻𝘁𝗱𝗼𝘄𝗻 𝗯𝗲𝗴𝗶𝗻𝘀 to 𝘀𝗽𝗼𝘁𝗹𝗶𝗴𝗵𝘁 𝘁𝗵𝗼𝘀𝗲 𝗳𝗼𝘂𝗻𝗱𝗲𝗿𝘀 𝗮𝗻𝗱 𝗖𝗘𝗢'𝘀 𝗱𝗲𝘀𝗲𝗿𝘃𝗲 𝘁𝗼 𝗯𝗲 𝘀𝗽𝗼𝘁𝗹𝗶𝗴𝗵𝘁𝗲𝗱....🔦 We are less than 90 days away from the release of my new book, Scale Up Faster 🚀, where I share the secrets of the top 1% fastest-growing bootstrapped companies of the Inc. 5000 over a 7-year period 📈. Each week for the next 12 weeks, I'll highlight a different company and its founder and their team 🌟. Why should you care? In line with the upcoming Olympics 🏅, would you take it if you wanted to swim faster and got a personal lesson from Katie Ledecky or Michael Phelps? 🏊♀️ If you wanted to run faster and Usain Bolt or Florence Griffith-Joyner would give you some tips, would you listen? 🏃♂️ You get my point. Each company and its founders achieved an extraordinary feat - 𝘁𝗵𝗲𝘆 𝗱𝗼𝘂𝗯𝗹𝗲𝗱 𝗿𝗲𝘃𝗲𝗻𝘂𝗲𝘀 𝗲𝗮𝗰𝗵 𝘆𝗲𝗮𝗿 𝗳𝗼𝗿 𝗮𝘁 𝗹𝗲𝗮𝘀𝘁 𝟰 𝘆𝗲𝗮𝗿𝘀 𝗿𝘂𝗻𝗻𝗶𝗻𝗴 📊.... 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝘁𝗮𝗸𝗶𝗻𝗴 𝗲𝘅𝘁𝗲𝗿𝗻𝗮𝗹 𝗰𝗮𝗽𝗶𝘁𝗮𝗹. Their stories are awesome, and I look forward to sharing them. - Pete #growthhacking #businessowner #businessgrowth #entrepreneurship #scaleupfaster

Ben Faw has gone through two exits, one of which closed for a $100M valuation. In this conversation, Ben discusses how he selected the business to build, his criteria for finding an M&A advisor at the beginning of the exit process, and some metrics the buyer was looking at that ultimately led to closing the deal. In regards to the timing of the sale, interestingly, Ben starts thinking about selling a business when everything is going well, as this is when you can sell for the highest valuation and attract the best buyers. Aside from the success of the exit itself, another major accomplishment and testament to the quality of the company was in growing a team of 100, ~95 of whom stayed with the company after the exit. For more details and insights from his entrepreneurial journey, listen to the latest episode of The Exit: https://lnkd.in/ekNw-58e #exit #exitstrategy #exitplanning #onlinebusiness #entrepreneurship #businessowner #businessopportunity #entrepreneurship #MandA

Sometimes we don't know much, sometimes we are not sure, sometimes a little shy or sometimes we just feel it's not important. Clarity about self and the purpose is what makes for a great narrative, and when you back it with genuineness and demonstrate your commitment to it, you drive alignment. Every compelling brand story started because someone out there thought it was critical to pursue it. What's yours ? isn't it time you have one ? #founders #cofounders #entrepreneurs #entrepreneurship #branding #cmo #businessowners #startupindia #ceo #familybusiness

In a mere five minutes, I handed over my business card to Mr. Raj Shah, Co-Founder WeHear, but those minutes were nothing short of magic. ✨ You see, Mr. Shah possesses a unique power, a magnetic charm that can transform mere interactions into opportunities of a lifetime. His aura ignites the spark of ambition within you, urging you to dream bigger, think bolder. 💡 In my series highlighting exceptional businesses and their creators, Mr. Shah stands apart. His name alone is synonymous with brilliance, his ventures revered not just for their success but for the sheer magnitude of impact they wield. ✨ As I pen these words, I find myself at a loss, struggling to capture the essence of that fleeting encounter. Goosebumps dance upon my skin, a testament to the profound effect Mr. Shah leaves in his wake. To know him is to glimpse greatness incarnate, to witness the embodiment of entrepreneurial spirit and vision. 🚀 #vision #businessmentor #marketing #entrepreneurship #prasiddhipr Prasiddhi PR

🔗 Recently, I had the chance to be interviewed by Shoutout DFW (link in comments), a platform that celebrates the diverse narratives of Dallas' entrepreneurs and artists. This gave me an opportunity to reflect on my journey and the rollercoaster of entrepreneurship. 🤠 Having called Dallas my home for the past two years, I continue to be amazed by its dynamic growth. A key driver of this growth? The vibrant lower middle market sector. 📊 An Exit Planning Institute poll revealed that 80% of middle market businesses lack a solid exit plan, underscoring the need for more focused support and guidance. 🤝 If you're navigating a business exit, M&A, or contemplating your next entrepreneurial venture, or just want to say hi, feel free to reach out in the comments or DM me. Happy to share insights and lend support. 📢 Also, for those interested in sharing their story with Shoutout (they cover most major US metros), just say "Nominate me" in the comments – happy to help! #entrepreneurship #dallasbusiness #middlemarket #businessgrowth #exitstrategy

𝟑 𝐓𝐡𝐢𝐧𝐠𝐬 𝐄𝐧𝐠𝐢𝐧𝐞𝐞𝐫𝐬 𝐅𝐀𝐈𝐋 to do after building their original products: 1. Do whatever it takes to acquire users 2. Have conversations with initial adopters and get feedback 3. Monetize Building stuff is Step ZERO. Many of us think it's done before the journey hasn't started. #entrepreneurship #softwareengineering

Here’s something you may not have known about George Salem: His fourth company (RMS, which he launched in 2004) generated so much positive buzz that he was, for all practical purposes, forced to sell it. Why? Because most of the interested buyers who approached him were public companies and, at some point, he’d either have to sell RMS, or compete against the company — or companies — they were going to create if he DIDN’T.   Thanks to the publishers of TechBilders.com for this fascinating profile of George’s journey as a five-time entrepreneurial success! https://lnkd.in/eq_nCYye   #Healthcare  #Entrepreneurship  #Innovation