'An emotional decision': How Renee Welsh sold her business for $10m

  • 📰 smh
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 80%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The Booking Boss co-founder wasn't looking to sell her business when an international giant came knocking.

Renee Welsh wasn't looking to sell Booking Boss, the tourism startup she co-founded with her husband Andy Welsh, when international giant Helix Leisure came knocking.

"We weren't just going to sell our business to just anyone. It was quite an emotional decision for us," Welsh says on the sidelines of the"We were raising another round of funding and we had expanded from institutional investors and venture capitalists out to strategic investment. We were introduced to Helix Leisure as a result of that intent as they were going through the due diligence they approached and said we would prefer to acquire you.

"We have done a lot of work in combining the two [businesses] and ensuring that the business is efficient and acts and works like a startup in some ways to ignite some innovation and transformation in the sector," she says. "The biggest challenge I had was when Andy and I walked into a room they would direct questions to him or assume he is the CEO," Welsh says. "I still experience that to some extent in some meetings even when people know you are the CEO and they direct questions to the team but I just interject and answer the question."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meat in the sandwich: inside Subway's shrinking Australian businessSubway is closing down stores around Australia, battling decreasing revenue and franchisees are bearing the brunt. carawaters Subway blew up way too fast. It isn’t even nice. Plus they are the reason Quiznos failed in Australia which is more heartbreaking. carawaters Much to do with it could be the cookies that is side meal and nothing else to offer. carawaters most franchises r gates to slavery The franchise fee is too costly then rent n wages In China they have a coffee chain without costly Starbuck fee so he is making millions n he opened 100s shops
Source: smh - 🏆 6. / 80 Read more »