“Business is supposed to create value.” – Gino
Is it the time for you to sell your business? Maybe, maybe not. But it is never too early to put a lucrative plan in place to sell your business later. And having a guide to assist you with attracting the highest price tag when it is time to approach a placement will ensure you are getting a top-dollar offer.
On this episode, Jake and Gino interview Michelle Seiler Tucker. Michelle Seiler Tucker is the leading authority on buying, selling, and improving businesses, as well as increasing a business’ revenue streams.
The episode provides a golden roadmap for optimum profits. Here is the guide to create an effective plan for selling your business.
03:52 Starting with franchise
05:44 Reason for ‘Exit Rich’
09:00 Why do 90% of companies do not sell?
13:37 Business owners need to focus on their strengths
17:54 #1 reason why businesses around the globe are shutting doors
23:24 Businesses need to design the experience around the needs of their customers
27:26 Building business that can scale
30:15 Six P’s to exit rich
39:00 Importance of trademarks
43:34 Biggest mistakes entrepreneurs make
48:50 Five different types of buyers
52:49 Always inspect what you expect
Know more about Michelle’s initiatives at https://sti360.com/
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Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $225,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs.
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