Interview with Mihir Shah, CEO of Drobo – Small Business Show 158

Are you ready to be acquired? Is your Small Business in a position to deal with a larger company that is interested in buying you for your products, your technology or your service revenue? Join us today on the Small Business Show to hear from an expert in mergers and acquisitions, Mihir Shah , CEO of Drobo .
Mihir has had years of experience helping companies to analyze possible acquisitions and mergers, working to implement policies and procedures to insure a successful combining of two entities. You’ll learn about the two most important aspects of creating a successful acquisition and how your work on the front-end of the deal can help to insure things go right after the paperwork is signed.
We also dig deep into supply chain management and how embracing change and understanding that a crisis is just another problem to solve can propel your business success.
Listen in for this and much more on this episode of the Small Business Show, then visit the Small Business Support Group to ask your questions or to comment on the show!

Sponsors

Jamf Now is a device management solution for your Apple devices at work. We make management tasks simple and affordable, so you can support your users; no IT required. Visit JAMF.com/SBS to get your first 3 devices free for life!
TextExpander . Summon your snippets in any app on Mac, iPad, iPhone, and Windows using a quick search or by typing your custom abbreviation. Share your snippets with your team, and keep them up to date together. Visit TextExpander.com/podcast for 20% off your first year.

Chapters/Timestamps

00:00:00 Small Business Show #158 for Wednesday, February 14, 2018
00:01:03 Mihir Shah from Drobo
00:02:19 Cadavers are … not for me!
00:04:15 Going into the generation-old family business … of business!
00:04:56 Acquisition advice: Find a product market fit
00:06:25 Ensure a cultural fit
00:07:21 Beware science projects
00:09:09 If you’re being acquired, understand your acquirer’s Business Case
00:12:04 Understand that process is instrumental
00:12:51 Get to know your deal sponsor!
00:14:25 Deal sponsor and founder should understand each other’s companies
00:15:44 Sit on the same side of the table
00:16:30 Use “We”
00:17:01 SPONSOR: Visit TextExpander.com/podcast for 20% off your first year.
00:18:28 SPONSOR: Visit JAMF.com/SBS to get your first 3 devices free for life!
00:20:35 Mihir’s arrival at Drobo
00:21:27 Hurry up and get money
00:25:17 Dialing for Dollars
00:25:35 “My Brand is Crisis”
00:28:00 Find revenues and expense-to-revenue ratios for a similar, larger company
00:28:45 Favorite mistake?
00:29:27 Don’t underestimate the hardware business
00:30:05 How quickly can you adapt to a mistake?
00:31:16 Everything’s a challenge! Embrace it.
00:33:38 Don’t stop learning!
00:35:21 SBS 158 Outtro

www.Drobo.com
Drobo on Facebook
Drobo on Instagram



The post Interview with Mihir Shah, CEO of Drobo – Small Business Show 158 appeared first on Business Brain - The Entrepreneurs' Podcast .