Business Owners & Entrepreneurs Podcast with Peter Boolkah | Business Coach | The Transition Guy®
Tim Cook’s Missed Opportunity -- TTG161
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Sometimes opportunities in business can be hard to recognize. For every chance you don’t take, there’s a potential for a missed opportunity. A decision not to hear an offer could leave you feeling regret years later.
I’m thinking about Elon Musk's claim that at one point he offered to sell Tesla to Apple. Apparently, Tim Cook wouldn't take the meeting.
At the time, Tesla was developing the Model 3. Unfortunately, Tesla ran into massive manufacturing issues. They couldn't get the cars out quickly enough, and when they got them out, there were defects. He was running out of money, and he had overextended his cash due to the delays.
So, he had to look at the options. And he was looking to sell Tesla at one-tenth of its current market value. That is a HUGE bargain, and a massive missed opportunity. Apple has done lots of acquisitions and is cash rich. I wonder what Tim Cook was thinking in turning down one of the greatest opportunities in business?
That being said, how many of these Tim Cook moments have you had? I know I’ve had several; many of them I’ve come to regret.
The model 3 is now the best selling luxury car in the US. Imagine, to be able to buy such a successful company at one-tenth of the current market value. What an incredible missed opportunity.
It just goes to show that you’ve got to stay open to opportunities in business. You never know when the next one will come knocking.
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ABOUT PETER BOOLKAH
I’m Peter Boolkah, The Transition Guy. This tag comes from my passion for helping entrepreneurs attain meaningful change and growth, both in their personal and professional lives.
I provide business coaching to clients around the world ranging from solo entrepreneurs to executive management teams at large organisations.
I understand the overwhelming feeling that comes from a lack of motivation to make changes. I help entrepreneurs channel their ambition to move past roadblocks allowing them to implement change and ultimately free their time to take their business to the next stage.
Whether the ultimate goal is to grow or sell the business, I’ll facilitate year-on-year growth and help you achieve the kind of personal freedom you may have been lacking.
You’ll gain the knowledge to install the right business structure, systems and management strategies, so you, and your business, can reach your full potential.
You deserve the business you had in mind when you started out but the path to success isn’t easy is it? We don’t know what we don’t know. This is why I believe we should enlist experts, when needed, to speed things along.
I’m now proud of the fact that with my guidance clients install the right business structure, systems and management strategies, without which they wouldn't reach their full potential.
By supporting the charity B1G1 I have even more motivation to succeed. It’s wonderful to know that when my business is doing well, many people have the opportunity to live a better life.
Do you want to accomplish what you set out to do with your business? Do you have dreams of doing things other than running your current business? Could you do with some honest help and guidance to make it happen? If you answered YES then The Transition Guy is for YOU!