Diva Tech Talk interviewed Linda Rose, merger and acquisitions advisor at RoseBiz Inc., and author of GET ACQUIRED FOR MILLIONS --- offering wisdom and a practical roadmap to business owners interested in divestiture. Linda has owned four companies and has served hundreds of others.
In 7th grade, Linda knew she wanted to become a CPA, after visiting with family friends in that field, who had an idyllic lifestyle. Fortunately, her PSAT’s pinpointed strong math proficiency. She graduated with a bachelors and a master’s in accountancy from San Diego State University and spent four years at Arthur Andersen “working on very esoteric tax applications and issues.” Since her future husband was in the running for a partnership, and there were strict firm policies on fraternization, “I left and went to work for a customer of the firm.” Then, many life circumstances converged simultaneously. Linda got pregnant; laid off; and became a Southern California homeowner, an expensive proposition. “I found myself implementing an accounting package for a company that needed assistance. That’s what got me into tech!” Once in the technology field, “I never looked back. I didn’t aspire to have my own business, but I did like what I was doing.” She recruited others as independent contractors, and after several years incorporated. “I really liked the work, and the flexibility it gave me as a mom. And I hired a lot of other moms.” Then, Linda got “the growth bug,” and began hiring other experts. Her clients spurred her to diversify into staffing, and data center hosting. “For ten years, I had three companies at three separate locations. That forced me to hire very capable people, to delegate, to not have the businesses centered around me.” Linda’s epiphany was “I loved the flexibility and the control that having my own company afforded me.” Beginning in her 40’s, Linda took five years to self-reflect, analyze markets/trends, make hard decisions, and architect a plan. She sold her staffing company; then the others, including her final 2017 divestiture of RoseASP, a Microsoft channel partner and MS dynamics hosting company, “which I sold for millions.”
“I was at a crossroads.” Inspired by the self-discovery odyssey in WILD, Linda trekked 40 miles around Mount Hood and then took a 6-week 500 mile hike of the Pacific Crest trail. She concluded “I had this knowledge of selling three companies and buying another company. And I wanted to put that knowledge into the book.” Linda took 18 months to write her book, aimed toward an underserved niche: smaller companies, in technology channels, “written from the owner’s viewpoint. It’s a book that prepares you for the process” of selling your business.
Linda shared some wisdom for women in leadership roles. Her advice included:
Take control of your finances early. “Find a mentor or mentors you can depend on, who really care about you.” Build your “home team.” This is whomever you can rely on to help with all aspects of life: nannies, transporters, personal chefs, errand-doers and more. Create your personal brand.Linda’s own “brand” is centered on “always about being fair, ethical, and servicing my customer --- doing what’s right for the customer and doing what’s right for the employee. It’s important to decide what you stand for.” One of her recent insights is that “each of us has our own ‘glass ceiling’ “and most of the time, it is lower in our minds than it should be, when viewed objectively. “So, it is important we break through our own limiting beliefs first” before tackling big challenges. During her 500-mile trek, Linda said: “I raised my own personal glass ceiling.” She faced bears, rocky trails, boulders, and other frightening challenges. She overcame them, and found a renewed, exhilarating empowerment, and new paths, including her specialty of consulting on mergers and acquisitions.
Make sure to check us out on online at www.divatechtalk.com, on Twitter @divatechtalks, and on Facebook at https://www.facebook.com/divatechtalk. And please listen to us on SoundCloud, Stitcher, or your favorite podcasting channel and provide an online review.
