Ep 365 The Hidden Cost of Being a Hands-on Boss With Create & Cultivate Founder, Jaclyn Johnson

<p>In 2012, Jaclyn Johnson founded Create & Cultivate, a media company that educates and inspires women to succeed in business.</p> <p>By 2018, Johnson had grown Create & Cultivate to eight employees when an acquirer offered her a staggering $40 million. Unfortunately, the deal was too good to be true. When the acquirer discovered her hands-on management style, they pulled out.</p> <p>Learning from her mistakes, Johnson implemented a collection of strategies to ensure Create & Cultivate could thrive without her.</p> <p>By the end of 2019, Johnson had grown to $14 million in revenue ($4 million EBITDA) when acquirers came knocking again. This time she was ready. Create & Cultivate was acquired by Corridor Capital in a deal valued at $22 million.</p>