Swish Goswami is the Head of Growth and Marketing at Parallel, a sci-fi-based online card game. He is also the former CEO of Surf, a white-label loyalty and rewards platform that was acquired by Datacy. During his leadership, Swish raised over $9 million, executed two acquisitions, and partnered with blue chip companies, including Netflix, Amazon Prime Gaming, and L'Oreal. He also hosts Track Limits, a leading Formula One podcast, and is Chairman of the Board at League of Innovators (LOI), which accelerates entrepreneurship in Canada.
Here’s a glimpse of what you’ll learn:
- [2:38] Swish Goswami shares the origin of his podcast Track Limits
- [5:47] How Swish founded and exited Surf
- [9:26] The process of selling your business
- [14:15] Integrating systems and processes for business acquisitions
- [16:19] Swish’s transition from entrepreneurship to employment
- [17:43] A glimpse into Swish’s book The Young Entrepreneur
In this episode:
Some entrepreneurs aim to scale their businesses and transition to new ventures. Achieving this requires a clear vision, strategic planning, and effective execution. What does it take to grow, exit, and pivot in today’s dynamic market?
Having facilitated several acquisitions and exited his company, experienced entrepreneur Swish Goswami emphasizes preparation and sustained growth during the business acquisition process. He also notes that well-documented systems and processes can enhance a company’s value, streamline the acquisition process, and ensure a smooth transition for new owners. A systemized company allows you to exit effectively and prepare for new goals.
In this week’s episode of Systems Simplified, Adi Klevit chats with Swish Goswami, the Head of Growth and Marketing at Parallel, about scaling and exiting your business. Swish shares strategies for preparing for acquisitions, his transition from entrepreneurship to employment, and insights from his book and podcast.
Resources mentioned in this episode:
- Adi Klevit on LinkedIn
- Business Success Consulting Group
- Swish Goswami on LinkedIn
- Parallel
- Track Limits
- The Young Entrepreneur: How to Start A Business While You’re Still a Student by Swish Goswami and Quinn Underwood
- Dr. Jeremy Weisz on LinkedIn
- Rise25
Quotable Moments:
- "We started as a social media analytics company and pivoted towards privacy-centric data sharing, signifying a radical mindset shift."
- "Exiting your business isn't just about strategy; it's about aligning your energy and personal goals with your professional journey."
- "Growth doesn't stop; even while considering acquisition, it's imperative to keep expanding your business."
- "A comprehensive handover includes orderly finances, not just operational tasks; it's about painting a clear picture for the buyer."
- “Transitioning to a new venture doesn't mean you need to let go of your entrepreneurial spirit.”
Action Steps:
- Align personal aspirations with business objectives: Aligning personal and business goals helps maintain passion and drive, preventing burnout and ensuring long-term success.
- Continuously update company financials and operations: Accurate, up-to-date records streamline the acquisition process and ensure a more transparent and appealing business for potential buyers.
- Be prepared with a well-documented process: Well-documented processes signal to buyers an organized and efficient operation, which can ease transitions and potentially increase the company's valuation.
- Grow your business even during acquisition talks: Showing progress amid negotiations illustrates the company's momentum and potential, often making it more attractive to buyers.
- Transition smoothly by maintaining an entrepreneurial mindset: Keeping an enterprising outlook during transitions ensures autonomy and the ability to influence positively and innovate within a new organization.
Sponsor for this episode:
This episode is brought to you by Business Success Consulting Group.
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