Part 1

Are you ready to transform your recruitment business into a thriving success story and unlock the secrets to achieving that coveted business exit?

On this episode of The Elite Recruiter Podcast, we welcome Marc Cohen, a formidable figure in the recruitment industry, who has successfully built, scaled, and sold two recruitment companies. For many recruitment founders, the dream of creating a business that not only thrives but also appeals to potential buyers is within reach, and Marc is here to provide a roadmap to making that dream a reality.

Here’s how this episode can revolutionize your approach to building and exiting a recruitment business:

1. Journey of Growth and Resilience: Marc shares the candid journey of his career, detailing the challenges he faced and the triumphs he celebrated along the way. His story offers valuable insights into maintaining resilience and adaptability while navigating the competitive recruitment landscape. Learn from Marc's belief-centric approach where the power of mindset and determination can be the differentiators in realizing your business ambitions.
2. Strategies for a Lucrative Exit: Discover the essential strategies that contributed to Marc's impressive exits with high multiples. In this episode, Marc reveals the layers involved in preparing a business for sale—key insights into identifying growth areas, optimizing margins, leveraging futuristic markets like AI, and ensuring the business is built for scalability. These strategies are not just concepts, they are the working secrets that drove his successful exits.
3. The Strength of Partnerships: Explore how having a trusted partner can be pivotal in steering your business toward success. Marc elaborates on the importance of having philosophical alignment with a business partner, emphasizing how trust and collaborative vision can help founders weather the storms of the business world. This partnership dynamic is a foundational aspect that can either make or break the path to success.

Whether you are a recruitment founder just starting out or a seasoned professional aiming for a successful exit, this episode is brimming with invaluable insights and actionable advice. Marc’s expertise shines through as he offers nuanced understanding and tried-and-tested approaches to building and exiting a recruitment company.

Don’t miss out on the opportunity to turbocharge your business vision. Listen to this episode now and learn directly from someone who has not only been on the journey twice but has mastered it. Tune in and start crafting a compelling narrative for your own recruitment success story!

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YouTube: Part 1: https://youtu.be/FiGXtLqJfUs
YouTube: Part 2: https://youtu.be/BTN6JwNxd50

Follow Marc Cohen on LinkedIn: https://www.linkedin.com/in/marcdcohen1/

With your Host Benjamin Mena with Select Source Solutions: http://www.selectsourcesolutions.com/
Benjamin Mena LinkedIn: https://www.linkedin.com/in/benjaminmena/
Benjamin Mena Instagram: https://www.instagram.com/benlmena/

#mergersandacquisitions #businessexitstrategies #businessexitstrategyexamples #exitstrategyinbusinessplan #startupexitstrategy

CHAPTERS:
00:00 - Intro
00:41 - The Dream
01:53 - Getting Into Recruitment
07:01 - Journey to the US
09:45 - Moving to LA
13:07 - Starting ConSol Partners
17:58 - Future Business Mapping
18:30 - Foundational Structures for Business Growth
20:16 - Business Pivoting Strategies
21:12 - Achieving an 8.6x Exit Multiple
23:46 - Temptation to Hold vs. Sell
26:24 - Reasons to Start Again
27:30 - Managing Top Billers' Departures
29:58 - Importance of Business Partners
32:50 - Doubling EBITDA in Two Years
35:53 - Future Proofing Your Business
40:40 - Recruiting Chair Strategies for Future Proofing
43:10 - Deal Killers
45:33 - Keys to Success