Ep. 23 Sam Stoffel - I sold my business for £10 million, here’s how I did it.

In this episode of Entrepreneur Conversations, host James Martin interviews Sam Stoffel, a successful entrepreneur who built and sold a matched betting business for over £10 million. Sam discusses the disruption his business caused in the gambling industry by educating users to exploit free bets from bookmakers, ensuring profits while minimizing long-term gambling risks.

Sam reflects on his ten-year journey running the business, emphasizing the importance of grit and determination in achieving financial independence. He recounts the challenges faced during negotiations to sell his business, including last-minute price drops from the buyers and how a looming tax increase influenced his urgency to sell. Despite pressures, he successfully held firm on his sale price, leading to a satisfying exit.

Post-sale, Sam shares his focus on creating Subspot, a platform for subscription-based businesses aimed at consolidating operations and providing better insights for users. He discusses the importance of allocating his focus to one venture at a time but acknowledges his experience in managing multiple businesses. Sam addresses his life balance, highlighting the importance of family and personal interests like flying helicopters and scuba diving.

The conversation shifts to education, with Sam expressing frustration about the lack of entrepreneurial training in schools. He is preparing to engage with young students, sharing insights on entrepreneurship and encouraging them not to fear failures. Wrapping up, he discusses investment strategies, including a preference for fixed investments like the S&P 500 for long-term growth, and sheds light on the challenges of property investment. Overall, Sam’s outlook is firmly centered on resilience, continuous learning, and pursuing passions.