Episode 417

Should You Take Your Company Public? - S8 E24

Takeaways

  • Money can destroy relationships and communities.
  • Being driven solely by profit can lead to business failure.
  • Surrounding yourself with growth leads to personal improvement.
  • Going public may not be the best choice for every business.
  • Public companies often prioritize short-term gains over long-term vision.
  • Leadership can be compromised when a company goes public.
  • Self-financing growth can be painful but necessary.
  • Not all entrepreneurs are trained to manage large companies.
  • The pressure for high returns can stifle innovation.
  • It's crucial to have a clear exit plan when considering going public.

📖 Buy "Small Giants: Companies That Choose to Be Great Instead of Big" by Bo Burlingham


Sponsors

🌱 S.E.E.D. Planning Group

🎤 Ditch The Suits Patreon

🖥️ Ditch The Suits Website

🎙️ One Big Thing Podcast


Chapter Markers:

00:00 - The Dangers of Money-Driven Business

03:10 - The Decision to Go Public: Weighing the Pros and Cons

05:56 - The Impact of Public Companies on Leadership

08:56 - Long-Term Vision vs. Short-Term Gains

About the Podcast

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Unleashing Leadership: Unlocking Greatness and Embracing Change

About your host

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Travis Maus

Travis Maus is the Chief Executive Officer of S.E.E.D. Planning Group is a fee-only financial planning firm with over 30 employees and locations in New York and Tennessee.

He hosts Unleashing Leadership and co-hosts the award-winning Ditch the Suits Podcast. Ditch the Suits aim is to help listeners get the most from their money and lives.

He is passionate, unfiltered, and committed to building great businesses.