Episode 316: Embrace Legacy, Leadership, and Life After the Exit with Bill Davey

·42 min·4 clips

After selling his business, Bill Davey played golf every day but found himself missing the chaos and feeling empty.

The episode begins with host Corey Kupfer introducing Bill Davey, an entrepreneur based in Oklahoma City with a finance degree and experience across multiple industries. Davey shares his early entrepreneurial roots, selling trinkets door-to-door as a child and working at a bank from high school through college, where he witnessed significant deals. He discusses owning 20 different companies, with multi-million dollar exits, but notes not all were successful. Davey reveals he is not a good business partner due to past experiences of being stolen from and embezzlement. He details his security business model, which involved giving away alarm systems to drive recurring monthly revenue (RMR), leading to exits based on multiples of that revenue. After one exit, Davey describes a six-month period of depression and emptiness, despite playing golf daily, and how he missed the chaos of business. He took a year off due to a non-compete but eventually returned to entrepreneurship. Davey explains the premise of his book 'Big Hat, No Cattle', inspired by 'The Millionaire Next Door', which explores how true wealth is often invisible and many with flashy appearances are debt-ridden. He shares that he is working on a second book about leadership and religious values. Davey talks about his current venture, IMAX Digital, which gives away websites for $49 a month to build subscription-based revenue, similar to his previous model. He emphasizes the importance of investing in oneself and shares a story about Emmitt Smith learning deal-making from Jerry Jones. The episode concludes with Davey defining freedom as gratitude for simple things, influenced by his experiences and observations of global disparities.

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