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/

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