How Businesses Really Get Sold | Mya Stone
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Mya Stone runs Stone Capital Partners, a people first M&A firm out of Grand Rapids doing buy and sell side deals for founder owned businesses doing $1M-$100M a year.
After walking away from law, Mya built and sold a hospitality startup, then helped grow a body shop company up to 47 locations. When that business got hit with a lawsuit, she had to rebrand every location overnight. She sold that business and later started Stone Capital Partners on the single idea that the right people are the real asset.
Here's what we covered:
→ How a Harvard advisory board told her she wasn't ready to be CEO
→ Scaling and losing a body shop rollup to a lawsuit
→ Why most business owners have no idea what their company is worth
→ Being a young woman in a room full of suits has an advantage
When owners build a business they rarely think about what it's worth or who it's for once they're gone. Mya's whole career is proof that the people side of a deal matters as much as the numbers.
Thank you Mya for making the time to come on and go Beyond The Hustle with us!
Chapters
0:00 Intro
01:47 Raised by grandparents, Harvard by 16
04:47 Walking away from a Harvard law career
06:19 Building and selling a Boston hospitality startup
10:08 Told to lead people, not run the company
11:28 Scaling a body shop rollup to 47 locations
21:48 The real messes inside family owned businesses
25:19 Telling employees about a sale, and the fridge that changed everything
32:47 Cold calling, urgency, and the truth about the silver tsunami
47:36 Being a young woman in a room full of suits
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