Luke Havard is a business investor, advisor and serial entrepreneur with a deep passion and talent for buying, scaling and selling global businesses and advising, and partnering with others to do the same.
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3 Value Bombs
1) Merging with another company is one of the fastest ways to scale a business.
2) It takes more than money to be able to invest—sometimes all you need is an ability to prove yourself and ensure results.
3) Always do your due diligence when it comes to any and every deal you commit to.
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(click the time stamp to jump directly to that point in the episode.)
[00:51] – Luke advises businesses and invests in them
[01:00] – Recently, he helped another businesses leverage their intellectual property
[01:45] – His area of expertise is in private equity and helping small to mid-sized companies scale
[02:25] – Share something we don’t know about your area of expertise that as Entrepreneurs, we probably should: Most businesses know what they did to get to where they are, BUT when you add value in a certain way, sometimes the value exchanged is not fair
[03:43] – Realizing how much Luke made a company in a deal was a wakeup call for him to make a transition
[05:32] – Fact: You don’t need to have money to become an investor
[05:54] – Money is NOT of the highest value in business—it’s one’s expertise
[07:00] – You can be an investor even if you don’t have money—as long as you can deliver results
[08:00] – For Luke, the fastest way to scale a company is to buy another company that you’ll merge with
[11:10] – For EOFire, a similar type podcast or an online digital company that has a big database would be good to merge with
[12:43] – Big companies with high valuations don’t just have one product
[16:45] – A company in distress is one reason why an owner might look into giving someone else a stake in their business without investment
[17:15] – Luke would look at distressed companies, but he’s not willing to clean up somebody else’s mess
[17:20] – He’s interested in businesses with great products or services that will help them scale
[18:49] – Oftentimes, people just reach their limits
[19:27] – Strategy, not cash, is what you need for making deals
[19:44] – Private equity deals are different than investing without cash
[20:39] – The biggest problem Luke ever faced was when he was ready to sign the papers for a certain deal. It turned out that the company they were dealing with had bad legal issues and had scammed millions. It was a disappointment that Luke didn’t dig deep enough to become aware of this issue beforehand
[21:51] – Don’t assume that you only have one option for doing business
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