Ep. #52 - I’ve Sold My Business, Now What? with Cody McLain

Today’s guest’s name is Cody McLain. Cody is a serial entrepreneur. He’s in his late 20s and has already sold multiple businesses. At the age of 15, he started a web hosting company and grew it up to $600,000. Unfortunately, he partnered with an individual involved in penny stocks who defrauded Cody in his business and he lost it all.

Cody then started another venture, grew it, sold it, and had an entire period of reflection where he was trying to figure out what it means to live a life of happiness. Who did he want to be now? He was searching for his ‘why’ and went on to start multiple other ventures including his current company, SupportNinja, that has over 200 employees and $4 million in revenue.


IN TODAY’S EPISODE, YOU WILL LEARN:

-What it is like to sell a company young and not know what to do next

-How hiring key people can free up your time and focus

-The importance of looking outside of day-to-day business operations

-The need for meaning, drive, and motivation as an entrepreneur

-The journey of self-discovery and how to find your ‘why’


Cody and I touch on a lot of different subjects about how to systematize your business and how to keep culture and values in a company while growing it to a place that you can actually replace yourself. We discuss the process of hiring a CEO that can replace you to take the company to the next level so you can focus on the things that you like.

Cody shares a lot of his wisdom and experience with us on the podcast including what it was like on the day he sold his company. He explains how he continuously searches for that ‘why’ in life.

“It still comes back down to that meaning, that ‘why’ and wanting to accomplish something, wanting to change something. That drive is still there yet I take time to appreciate what I have,” says Cody.

Thanks to Cody for sharing his experience with us and I hope you all enjoy today’s episode! Please leave me any comments you have in the section below.


CONTACT INFORMATION AND BIO FOR CODY:
LinkedIn: https://www.linkedin.com/in/codymclain/
Twitter: https://twitter.com/codymclain


BIO:
After founding his first company in middle school, Cody has gone on to build and sell a variety of million dollar enterprises. His first two companies were in the web hosting industry which led him to open an office in India and provide outsourced support to other hosting companies. Today he is the founder and Executive Chairman of SupportNinja, an outsourced services company for I.T. companies and startups alike. SupportNinja handles the back-office and front-end Customer Support for a wide range of online platforms, apps and SAAS providers around the world.

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