Tim Cook’s Missed Opportunity -- TTG161

Business Owners & Entrepreneurs Podcast with Peter Boolkah | Business Coach | The Transition Guy®

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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
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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 r

CONNECT WITH PETER BOOLKAH:
--------------------
http://www.Boolkah.com
https://www.facebook.com/Boolkah
https://www.instagram.com/pboolkah/
https://www.linkedin.com/in/boolkah
https://twitter.com/boolkah
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ABOUT PETER BOOLKAH
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Peter Boolkah (AKA The Transition Guy) is the World’s #1 Business Transition Coach whose main passion in life is to work with talented and high performing business owners who are in the process of creating exciting, high growth businesses.
Peter helps you to navigate and transition through the crucial growth pains that all growing businesses experience making it as painless and exciting as possible.
It is important to remember that businesses do not just grow and develop on their own, it is up to us and our teams to make this happen by making every day purposeful.
As businesses grow some parts of the journey will be easier than others and most owners do not have all the answers. Starting a business is one of the most exciting things we get to do and we all have aspirations of achieving great things. In fact Peter is yet to meet someone who started a business with the intention of failing.
Peter’s ultimate life goal is to inspire and empower over 100,000 Entrepreneurs to create long term thriving businesses resulting in the creation of 1,000,000 jobs.
So if you are scaling up your business, you’re in a bu...