How Tim Drake Sold His Mobile-First Agency For £20 Million

Tim Drake, a semi-retired agency owner, shares his journey of building and selling his agency for £20 million. He discusses the various pivots his agency went through, from graphic design to websites to mobile-first business. Tim emphasizes the importance of finding the right business partner and maintaining a ruthless focus on building and selling. He explains the earn-out structure of the deal and how they exceeded expectations. Tim also highlights the significance of culture, agility, and a deep understanding of running a business in achieving success. He encourages agency owners to consider different approaches to achieve their financial goals. Takeaways Pivoting and adapting to new technologies and market demands is crucial for the success of an agency. Finding the right business partner who complements your skills and shares your vision is essential. Maintaining a ruthless focus on building and selling can lead to significant financial success. Culture, agility, and a deep understanding of running a business are key factors in achieving success in the agency industry. Connect with Tim on LinkedIn: https://www.linkedin.com/in/tim-drake-6b41569/ Connect with Barnaby on LinkedIn: https://www.linkedin.com/in/barnabycook/ Join The Exit Plan mailing list: http://eepurl.com/iC8sIY