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Judd Armstrong - Why I Sold My Multi-Million Dollar Business While It Was Still Growing

By The Exit - Presented By Flippa

For today's episode, Steve McGarry talks to Judd Armstrong, founder of the Unlisted Project and former CEO and founder of Jaybird. He recently sold his company Jaybird for $95 million to Logitech. They will discuss the process of how Judd could sell and why he let go of his former company to start a new one. The story of Jaybird Armstrong recalls that he was inspired to create and produce wireless headphones while he was out on a run using standard wired earphones. When he arrived home, he noticed his keyboards and mouse were already wireless, so Armstrong figured why he couldn't do that with his headphones. When his company started getting bigger, they tried to sell it to interested buyers. They put out a 100-page proposal and sent it out to strategic and private equity investors. Logitech was one of the companies that responded, and the rest was history. Tips on handling 100 employees He said that it was easier for him to create different departments with a few people per team. Small groups help the company run smoothly and hassle-free. What will you tell yourself ten years ago? It is easy to start and get things done, but it is harder to believe that you can create and become successful. Always believe in yourself and keep going. What kind of drive do you need to succeed? Always keep learning and be passionate about everything that you do. Tap into that level of inspiration and fulfill that purpose and meaning in your life. What's next, and what is the Unlisted Project? The Unlisted Project is a systematic way of trading. This method has worked well over time, so Judd and his team shared it with others to help people become financially independent. -- he Exit - Presented By Flippa: A 30-minute podcast featuring expert entrepreneurs who have been there and done it. The Exit talks to operators who have bought and sold a business. You’ll learn how they did it, why they did it, and get exposure to the world of exits, a world occupied by a small few, but accessible to many. For more information on buying an online business, become an acquisition entrepreneur, and invest in digital real estate visit www.flippa.com.

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