#78 - What Ever Happened To These Famous Brands?

What ever happened to Groupon, Yahoo, Blockbuster, Kodak, MySpace, Toys “R” Us, Skype, GoPro, Sega and Atari?Some of the world’s biggest brands missed billion-dollar opportunities, failed to adapt, or made decisions that changed their future forever.In this episode of the Meaning Business Podcast, Bruce and Peter unpack the fascinating stories behind these iconic companies before exploring one of the biggest questions every business owner will eventually face:When is the right time to sell your business?The conversation begins with a real client whose business was valued at $2 million, only to receive an unexpected $10 million acquisition offer. Surprisingly, the owner turned it down.Bruce and Peter discuss:Why business owners struggle to know when enough is enoughGroupon’s decision to reject Google’s $6 billion offerWhy Blockbuster said no to NetflixBusinesses that became worth far more after refusing offersThe psychology of greed, probability and decision-makingWhy luck plays a bigger role in business than many people realiseHow to know when it’s time to cash out and move onWhether you’re building a business, preparing for an exit, or simply fascinated by famous business success and failure stories, this episode is packed with practical lessons that every entrepreneur can learn from.If you enjoy the episode, please follow the Meaning Business Podcast, leave a review, and share it with someone who’d find it valuable.The Meaning Business Podcast is your go-to show for insights on buying, growing and selling businesses.Hosted by business advisors Bruce Coudrey and Peter Spinda, each episode explores real-world strategies, lessons and opportunities to help business owners and entrepreneurs succeed.If you’re thinking about buying, selling or growing a business, the team at Benchmark Business Sales & Advisory can help guide you through the process.🌐 Learn more:https://linktr.ee/meaningbusinesspodcasthttps://benchmarkbusinessadvisory.com.au/meaning-business-podcast/