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Marvin L. Storm has founded, acquired, and scaled businesses over the past four decades. He hosts the Business Exit Stories Podcast where he interviews M&A Advisors and other transaction professionals who share stories of their deals for those who are thinking about selling their business. He serves on numerous company Boards of Directors, consults on exit strategies, and is a frequent speaker, exit coach, author, and podcaster. Contact Marvin L. Storm: Entrepreneurs should listen to the Business Exit Stories and learn from others that have stepped away from their business. The podcast located at www.businessexitstories.com or from Apple podcast, Spotify, or wherever you get your podcasts. Also, I have prepared a white paper that entrepreneurs can download that will give them ideas to think about if they have a business that they at some point in time will want to exit at www.businessexitstories.com/report2 Dr. Kimberley Linert Speaker, Author, Broadcaster, Mentor, Trainer, Behavioral Optometrist Event Planners- I am available to speak at your event. Here is my media kit: https://brucemerrinscelebrityspeakers.com/portfolio/dr-kimberley-linert/To book Dr. Linert on your podcast, television show, conference, corporate training or as an expert guest please email her at incrediblelifepodcast@gmail.com or Contact Bruce Merrin at Bruce Merrin's Celebrity Speakers at merrinpr@gmail.com 702.256.9199 Host of the Podcast Series: Incredible Life Creator Podcast Available on... Apple: https://podcasts.apple.com/us/podcast/incredible-life-creator-with-dr-kimberley-linert/id1472641267Spotify: https://open.spotify.com/show/6DZE3EoHfhgcmSkxY1CvKf?si=ebe71549e7474663 and on 9 other podcast platforms Author of Book: "Visualizing Happiness in Every Area of Your Life" Get on Amazon: https://amzn.to/3srh6tZ Website: https://www.DrKimberleyLinert.com Please subscribe, share & LISTEN! Thanks. incrediblelifepodcast@gmail.com Social Media Links LinkedIn: https://www.linkedin.com/in/dr-kimberley-linert-incredible-life-creator/Facebook: https://www.facebook.com/kimberley.linert/Instagram: https://www.instagram.com/drkimberleylinert/gTwitter: https://twitter.com/LifeKimberleyTumblr: https://www.tumblr.com/settings/blog/incrediblelifecreatorPinterest: https://www.pinterest.com/lifekimberley/_saved/
Check it out on Spotify: https://spoti.fi/33Z4VsE Check it out on Apple: https://apple.co/3AHc2DT Marvin L. Storm has more than 30 years of experience in launching and acquiring businesses, mergers and acquisitions, and after executing several of his own business exits has focused on developing and executing business exit strategies for entrepreneurs that are just starting to think about exiting their business. He is the host for the Business Exit Stories Podcast and is currently writing a book on the art and science of executing successful business exit strategies. Dreams: Help entrepreneurs realize the intangible assets and how valuable they can be in the sale of a small or large business. How you can Help: Listen to his podcast Send business owners his way Contact them at: marivnlstorm@gmail.com https://businessexitstories.com/#pagewrap https://www.linkedin.com/in/marvinlstorm/
Check it out on Spotify: https://spoti.fi/33Z4VsE Check it out on Apple: https://apple.co/3AHc2DT Marvin L. Storm has more than 30 years of experience in launching and acquiring businesses, mergers and acquisitions, and after executing several of his own business exits has focused on developing and executing business exit strategies for entrepreneurs that are just starting to think about exiting their business. He is the host for the Business Exit Stories Podcast and is currently writing a book on the art and science of executing successful business exit strategies. Dreams: Help entrepreneurs realize the intangible assets and how valuable they can be in the sale of a small or large business. How you can Help: Listen to his podcast Send business owners his way Contact them at: marivnlstorm@gmail.com https://businessexitstories.com/#pagewrap https://www.linkedin.com/in/marvinlstorm/
Property management has never been easier with Foliolens! Get early access to this 5-in-1 app now!More on YouTube? Check the video version HEREWho is the Guest?Marvin L. Storm has founded, acquired, and scaled businesses over the past four decades. After exiting his last business, he planned to enjoy life, but after a brief stint in the slow lane, he realized that sitting on the sidelines wasn't his style.After considering his options, he felt that leveraging his decades of startup, operational, and C-suite experience could help entrepreneurs launch, scale their business, create enterprise value, and then execute a profitable business exit.With this idea in mind, he launched the Business Exit Stories Podcast where he interviews M&A Advisors, Investment Bankers, Business Brokers, Wealth Managers, and other transaction professionals inviting them to share war stories of their good, bad, and ugly deals for the benefit of entrepreneurs who are in the early stages of thinking about and positioning their businesses for an eventual exit. Reach them out here at: Timestamps:[00:00 - 05:12] Intro[05:13 - 10:42] Why will you send your business even when you're doing well?[10:43 - 14:36] How do we extract a lot of our net worth before the sale?[14:37 - 16:34] When getting a deal done - don't get involved, DIRECTLY[16:35 - 19:20] Should you name your business or LLC after yourself? How to keep my personal and business assets separated?[19:21 - 25:32] Can your business debt be transferred to the buyer when sold? [25:33 - 27:04] What is the Business Exit Stories Podcast all about?[27:04 - 29:01] Investor Q&A Round: Is there somebody out there that you admire, you want to meet? And if so, who is that and why?[29:01 - 29:01] Investor Q&A Round: If you had a time machine, and you could go forward, backward any way you want, where would you go and why?[33:22 - 34:35] Marvin Storm signing off. His last tip: "Pack Your Parachute”[34:36 -35:22] Outro**Don't forget to leave a review on Apple :)Quotes:“[Buyers] want to buy the future. They don't want to buy the past. They will pay you for the past -but they don't want to pay you for revenue and profits that you haven't earned yet.”"Take Abraham Lincoln, he was thinking of the long term when he accepted the presidency and went to war. He was thinking of what this country would be decades, if not 100 years, down the road, and felt that that was worth fighting for.""Pilots don't pack their parachutes when the engines are on fire, they have their parachutes ready to go. And so my advice to anyone out there who has a business start packing your parachute so that if something unexpected happens, you can grab it and head for the exit. Don't try to pack it when you're running toward the exit."Start taking action right NOW!Goal-setting the right way! Hesitant to make the first step towards real estate investing? Axel learned the hard way- but you DON'T have to start that way. Feel free to talk to him :)Connect with us through social! We'd love to build a community of like-minded people like YOU!
Marvin Storm is an author, an exit strategist, and the host of the Business Exit Stories Podcast. He aims to help entrepreneurs maximize the values of their businesses and perfect their exit strategies before selling their companies. Marvin has invaluable experience thanks to many years as a business owner and exit strategist, and now he's sharing his best business exit strategizing tips with listeners. Exiting a business is something nearly every business owner will have to handle at some point–and there are a lot of moving parts and factors to consider. Luckily, Marvin has tons of actionable tips to create the perfect exit strategy for your business.From professional personalities to those working with partners, Marvin shares a glimpse into his process for helping a range of different business owners maximize the value of their companies. Whether you're getting ready to exit now or just want to prepare for the future, this is an episode worth listening to. In this episode[1:23] Marvin explains how his career path led him to create the Business Exit Stories Podcast.[4:20] How does Marvin go about helping others create a successful exit strategy? He gives us a glimpse into his process.[6:46] Marvin emphasizes the importance of viewing your own business through the eyes of a prospective buyer.[9:35] For professionals and experts who represent their business as a personality, like doctors, Marvin says it's important to reposition their business as a broader entity.[12:31] How do business partners play into the exit process? Marvin shares tips for dealing with drama and recommends prioritizing clearly defined responsibilities. Support the show (https://jeffmendelson.com/onebigtip)
The biggest takeaway from our interview is providing entrepreneurs the insight that there is a process into extracting maximum value from their business when the time comes to exit their business and to sell. Rarely do extraordinary exits happen. There is a process. This is the big one, big tip or thing that should be taken away from our interview. Keep listening for more helpful advice!Marvin L. Storm has founded, acquired, and scaled businesses in the equipment leasing, business services, tech, and franchise sectors over the past four decades. After exiting his last business, he planned to enjoy life, but after a brief stint in the slow lane he realized that sitting on the sidelines wasn't his style. With this idea in mind, he launched the Business Exit Stories Podcast where he interviews M&A Advisors, Investment Bankers, Business Brokers, and other transaction professionals inviting them to share war stories of their good, bad, and ugly deals for the benefit of entrepreneurs who are in the early stages of thinking about and positioning their businesses for an eventual exit. Website: https://www.marvinlstorm.com LinkedIn: https://www.linkedin.com/in/marvinlst... YouTube: https://www.youtube.com/channel/UCxHg... Facebook: https://www.facebook.com/thebxstories Twitter: https://twitter.com/marvinlstorm How to Double the Amount of Money You Put Into Your Pocket When You Sell Your Business at: www.businessexitstories.com/report To learn more about Affordable Bookkeeping and Payroll, visit: https://affordablebookkeepingandpayro... I'm Candy Messer, President of Affordable Bookkeeping and Payroll and Podcast Host of Biz Help For You. This channel will share helpful information for you to run a successful business including tips in the areas of bookkeeping, payroll, sales tax, business licenses, and other compliance PLUS information I share from experts in other fields.
Our guest today is Marvin Storm. Marvin has more than 30 years of experience in multi-location operations management, mergers, acquisitions, and developing and executing business exit strategies. After receiving his BS in Accounting, he spent his early career with a Big Four accounting firm. Since then, he has launched and acquired businesses, worked with executive teams nationwide designing and implementing business growth and exit strategies, is a host for the Business Exit Stories Podcast, and is currently writing a book on the art and science of executing successful business exit strategies. In this episode of Family Business Today, Marvin will share: · That every business exit is different, as family business entrepreneurs don't voluntarily exit their businesses often · That for family businesses the hardest decision to make is when to step away · How having an exit timeline already in place while you run your family business can help you optimize your returns · How having a general timeframe changes the daily decisions you make in your family business · That the best time to start thinking about the future is now · And more… To learn more about Marvin and his podcast, visit his website at https://marvinlstorm.com/. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value) Until next time, There's No Business Like Family Business…..We Know!
EPISODE 55: “Optimize it. Sell it. Enjoy it.” — Marvin L. Storm Marvin L. Storm joins the podcast this week, sitting down with the boys to discuss: Strategies for successful and profitable business exits How to find out what type of buyer might be interested in your business What to focus on when positioning your business for sale Entrepreneur, exit strategist, and host of the Business Exit Stories Podcast, Marvin has over four decades of experience helping entrepreneurs put more money in their pockets when they sell. Marvin has made it his mission in life to help entrepreneurs optimize their exit value enabling them to enhance their post-exit lifestyle. Episode links: Marvin Storm website Business Exit Stories podcast RxAdvisors website Marvin Storm on LinkedIn Marvin Storm on Twitter Marvin Storm on Facebook Where to find us: Show Hosts: @joshlevinefitness & @travishawkesmedia - CONTACT FOR COACHING & MEDIA! Podcast Producer: @james_lohan - CONTACT FOR PODCAST PRODUCTION! Help us grow the show - Sub, Rate, and Review on Apple Podcasts! Watch The Video Pod On Youtube! - Struggle To Strength Youtube Channel Follow the Podcast on social for even more content! - Struggle To Strength Instagram
Welcome, 7 Hatters! In this episode, we speak with Marvin Storm, and dive deep into hat number 4, the entrepreneur, as we contemplate our exit before strapping ourselves in the entrepreneurial rollercoaster.80% of all businesses that are listed for sale never sell... but you don't need to be part of that statistic if you plan your exit from the start. Marvin reminds us that pilots don't pack their parachutes when the engine is on fire... and you shouldn't either.With four decades of experience and not to mention the host of "The Business Exit Stories Podcast," there is no one better than Marvin to show us the way.So what are we waiting for? Let's get to know Marvin and start packing our parachute before it's too late by welcoming Marvin to The 7 Hats...-------------------------Visit https://www.the7hats.com/ for more information and more shows.Marvin's Website: https://packyourparachutenow.com/Marvin on LinkedIn: https://www.linkedin.com/in/marvinlstorm/My Bio & Links: https://sleek.bio/yuvalselikSUBSCRIBE AND REVIEW...Want to be the first to know when new episodes are released? Please subscribe and leave a review!Subscribes and podcasts reviews are pretty darn important to iTunes, and the more reviews we receive, the more likely we'll be able to get The 7 Hats message in front of more people (It's all about the iTunes algorithms)I'd be extremely grateful if you left a review letting me know your favorite part of the show or episode :)
Have you thought about selling or exiting your business? On this week's episode of Positive Polarity Podcast, Dave Molenda is joined by Marvin L. Storm - Exit Strategist and host of Business Exit Stories Podcast. Marvin shares stories and insights on how others have exited their business successfully, options and strategies for successful and profitable business exits, how to and who can help you determine the worth of your business, and how dealmakers (business Brokers / M&A Intermediaries) may help bring more value to your business. More about Positive Polarity Podcast and Dave Molenda, here: http://www.positivepolaritypodcast.com
Welcome back to another prosperous episode of The Prosperity Perspective Podcast! Host Liam Leonard is excited to bring on a guest with a TON of experience in the franchise world, particularly in exiting businesses, and who is founder of an all-around great podcast for business people everywhere. Join his conversation with Marvin L. Storm as they pick apart Marvin's journey as entrepreneur and glean what he wishes he had known earlier about investments, financial plans, and teams. Take time with them to thoroughly examine your exit plan, no matter how young or old you are, and get expert advice from a businessman who's founded and exited multiple businesses and is more than willing to share!3 Key TakeawaysWhy the right investment framework for your excess income is directly related to your age and experienceWhy you should take a second look at the spaces you're considering investing inWhy you need to take a hard look at how you'll be monetizing your exitAbout Marvin L. StormMarvin L. Storm has more than 30 years of experience in multi-location operations management, mergers, acquisitions, and developing and executing business exit strategies. After receiving his BS in Accounting, he spent his early career with a Big Four accounting firm. Since then, he has launched and acquired businesses, worked with executive teams nationwide designing and implementing business growth and exit strategies, is a host for the Business Exit Stories Podcast, and is currently writing a book on the art and science of executing successful business exit strategies.Resources Connect with Marvin L. StormLinkedIn ProfilePodcast WebsiteFree ReportFacebookTwitterPersonal WebsiteBusiness Website: Download their report!
Did you know that entrepreneurs often have to part with their businesses? And most of the time, it happens unexpectedly and forcefully, bringing lots of frustration and disappointment. To avoid that, entrepreneurs need to prepare for these moments. But do you know what those moments are and how to prepare for them? Many entrepreneurs have failed and had to pay for their mistakes. Wanting to help others avoid this and experience a positive exit, Marvin Storm launched The Business Exit Stories Podcast. The experts and consultants of this process share valuable insights on how an entrepreneur can prepare to exit from their business and not repeat others' mistakes. In this episode, we discuss: - Challenges That Business Owners Face - Why Unprepared Entrepreneurs Fail to Exit a Business - How to Prepare and Exit a Business Successfully For more interviews from the CFO Weekly podcast, check us out on Apple, Spotify, or your favorite podcast player! Presented by Personiv https://insights.personiv.com/cfo-weekly
On today's show we have Marvin Storm. His podcast The Business Exit Stories podcast is where M&A Advisors, Investment Bankers, and Business Brokers share some of the most unusual deal stories you can imagine.Subscribers to the podcast are entrepreneurs who are beginning to think to think about, and in some cases, plan for an exit from their business. The stories that are shared on the podcast provide in depth insights on what to do or not do as well as hints, tips, and insights on things to watch out for and focus on when positioning your business for sale.To learn more about the podcast, go to www.businessexitstories.com or subscribe to the Business Exit Stories Podcast at Apple Podcasts, Google Play, Stitcher, or wherever you get your podcasts.As always this show is brought to you by Tribe and Purpose. You've put the work in but you're not sure how to reap the rewards. It's time to focus on the success you have planned for yourself and your team.The Tribe + Purpose team can guide you to build on that success to have even more.Learn more at www.tribe-purpose.com You can email Marvin mstorm@businessexitstories.comor connect with him on LinkedIn here: https://www.linkedin.com/in/marvinlstorm/
Today's episode of Charged Up Studio focuses on your Exit Strategy for your new business. Now you're probably thinking, ‘Why am I listening to someone talking about exiting my business when I'm Just getting started…Right? The fact of the matter is that as a business owner, your exit strategy is one of the very first strategies that should be addressed when launching a new business. Your exit strategy sets the tone and roadmap for how you will grow your business to achieve your ultimate goals. Tune in Tuesday, November 16th at 9 AM ET as Marvin Storm joins us to talk about how we can fully monetize our business by thinking about our exit strategy early on. Marvin's podcast Business Exit Stories Podcast features war stories from M&A Advisors, Investment Bankers, Business Brokers, and other transaction professionals as they talk about their good, bad, and ugly deals for the benefit of entrepreneurs who are in the early stages of thinking about and positioning their businesses for an eventual exit. linkedin.com/in/marvinlstorm businessexitstories.com marvinlstorm@gmail.com Marvin L. Storm has founded, acquired, and scaled businesses in the equipment leasing, business services, IT, and franchise sectors over the past four decades. After exiting his last business, he planned to enjoy life, but after a brief stint in the slow lane, he realized that sitting on the sidelines wasn't his style. He soon launched the Business Exit Stories Podcast where he interviews M&A Advisors, Investment Bankers, Business Brokers, and other transaction professionals inviting them to share war stories of their good, bad, and ugly deals for the benefit of entrepreneurs who are in the early stages of thinking about and positioning their businesses for an eventual exit. He has also developed strategies entrepreneurs need to be able to double the money they put in their pocket when they sell their business. Marv has and continues to serve on numerous company Boards of Directors, consults with entrepreneur on their exit strategies, provides expertise witness testimony in litigation and arbitration cases, and is a frequent speaker, exit coach, author, and podcaster. Learn more about your ad choices. Visit megaphone.fm/adchoices
Marvin L. Storm is the Host of the Business Exit Stories Podcast that he launched after exiting his business with the goal to help entrepreneurs put more money in their pocket when they sell. Website: https://www.businessexitstories.com/ Website: https://www.bxadvisors.com/ Website: Free Report: https://businessexitstories.com/get-free-report-2/ Personal Website: https://www.marvinlstorm.com/ LinkedIn: https://www.linkedin.com/in/marvinlstorm/ Facebook: https://www.facebook.com/BxAdvisors Twitter: https://twitter.com/marvinlstorm CallumConnects Micro-Podcast is your daily dose of wholesome entrepreneurial inspiration. Hear from many different entrepreneurs in just 5 minutes what hurdles they have faced, how they overcame them, and what their key learning is. Be inspired, subscribe, leave a comment, go and change the world! Every entrepreneur featured has been recommended by one of our previous guests. www.CallumLaing.com
Today the Biz Bros chat with Marvin about how entrepreneurs who sell their business' can dramatically increase money in their pockets! Marvin L. Storm has more than 30 years of experience in multi-location operations management, mergers, acquisitions, and developing and executing business exit strategies. After receiving his BS in Accounting, he spent his early career with a Big Four accounting firm. Since then, he has launched and acquired businesses, worked with executive teams nationwide designing and implementing business growth and exit strategies, is a host for the Business Exit Stories Podcast, and is currently writing a book on the art and science of executing successful business exit strategies. To learn more about him, tune in to the episode and check out: https://businessexitstories.com/
Marvin L. Storm has founded, acquired, and scaled businesses in the equipment leasing, business services, tech, and franchise sectors over the past four decades. After exiting his last business, he planned to enjoy life, but after a brief stint in the slow lane he realized that sitting on the sidelines wasn't his style.After considering his options, he felt that leveraging his decades of startup, operational, and C-suite experience could help entrepreneurs launch, scale their business, create enterprise value, and then execute a profitable business exit.With this idea in mind, he launched the Business Exit Stories Podcast where he interviews M&A Advisors, Investment Bankers, Business Brokers, Wealth Managers, and other transaction professionals inviting them to share war stories of their good, bad, and ugly deals for the benefit of entrepreneurs who are in the early stages of thinking about and positioning their businesses for an eventual exit. He has also developed strategies entrepreneurs need to be able to double the money they put in their pocket when they sell their business. He is currently writing a book that incorporates insights from this career, case studies from this podcast and personal experience, and data from professionals in the business exit profession.Marv has and continues to serve on numerous company Boards of Directors, consults with entrepreneurs on their exit strategies, provides expertise witness testimony in litigation and arbitration cases, and is a frequent speaker, exit coach, author, and podcaster.Links:LinkedIn Profile: www.linkedIn.com/in/marvinlstormPodcast Website: www.businessexitstories.comFree Report: www.businessexitstories.com/reportFacebook: https://www.facebook.com/BxAdvisorsBusiness Website: www.bxadvisors.comPersonal Website: www.marvinlstorm.comTwitter: https://twitter.com/marvinlstorm
About The StclairSpeaksShow Podcast, We interview industry professionals from across the world diving into their business stories and what influenced them to get on their path of success. http://stclairspeaksshow.com/ https://www.linkedin.com/in/yahavystclair/ Shop StclairSpeaksShow Merch https://stclairspeaksshow.myshopify.com/ The StclairSpeaksShow Featuring Marvin Storm Author business exit strategist & Podcast Host Marvin's entrepreneurial juices fueled the thought process that has led him to start the Business Exit Stories Podcast, write a book: Pack Your Parachute – How to Double the Amount of Money You Put in Your Pocket When You Sell Your Business, and developing a process to maximize the enterprise value of a business prior to exit. Every entrepreneur is going to need to exit their business sooner or later. The type of exit they have will largely depend on what they do to position their business for their eventual exit. Taking the time before exiting a business can double or triple the exit value when they sell their business. Guest contact information: https://www.linkedin.com/in/marvinlstorm https://marvinlstorm.com/ --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/stclairspeaksshow/support
Nick and David are joined by https://twitter.com/MarvinLStorm the host of the Business Exit Stories Podcast. Marvin talks about being an entrepreneur, selling a business and how to maximize your profit from the sale and talks about his upcoming book, Pack Your Parachute – How to Double the Amount of Money You Put in Your Pocket When You Sell Your Business. During this episode, David drank https://twitter.com/newhollandbrew Ichabod Pumpkin Ale, https://twitter.com/atwaterbeer Pumpkin Spiced Latte and https://twitter.com/PigeonHillBrew Donut Stop Believin'. Nick had https://twitter.com/foundersbrewing Solid Gold and Dirty Bastard. Please give us a like, share and subscribe. Please leave a review for us on your favorite Podcasting service! Marvin can be reached at: LinkedIn Profile: www.linkedIn.com/in/marvinlstorm Podcast Website: www.businessexitstories.com Business Website: www.bxadvisors.com Twitter: @marvinlstorm If you have questions for either Nick or David please contact us at: bucksandbrewsllc@gmail.com
Raised in a small town in South Dakota. Served as a missionary in Africa. Graduated college with a degree in accounting. After a stint with Deloitte, founded a business with a partner. Eventually, acquired a nationally based franchise company, repositioned it, scaled it, sold it, and then abandoned the San Francisco Bay Area for the scenic Northern California Sierra Foothills seeking a slower-paced life and to be closer to one of our daughters and grandkids. Got bored. Started the Business Exit Stories Podcast where I interview dealmakers who share their war stories about deals they've facilitated. These stories provide insights, hints, and tips for entrepreneurs helping them position their business for an eventual successful and profitable exit. After hearing hundreds of deal stories on the podcast, I've identified patterns where entrepreneurs, many of whom spent a lifetime – or decades, with their nose to the grindstone but failed to develop a strategy to position their business for an exit. The podcast shares heartbreaking stories of entrepreneurs that lost it all when they botched their exit, as well as some that had over-the-fence home runs. My new mission in life is to write a book and develop a system to help entrepreneurs optimize their exit value enabling them to enhance their post-exit lifestyle. Connect with Marvin: https://marvinlstorm.com/ https://businessexitstories.com/
This week, Tony talks to Marvin Storm, founder of the Business Exit Stories Podcast and author of the book 'Pack Your Parachute - How To Double The Amount Of Money You Put In Your Pocket When You Sell Your Business' Marvin discusses the ways in which you can ensure you achieve a far higher return on the sale of your business when the time comes, and make sure that your financial future is in much better shape as a result. KEY TAKEAWAYS Every entrepreneur has to, at some point in their journey, consider their exit strategy. This can take the form of sale, or even retirement, but it's a part of the business journey that is inevitable. Buyers of businesses are thorough. They're in the market for a solution to people's problems that can be monetised. Make sure your business is serving a need and it will be far more attractive to potential purchasers. With tumultuous changes in the business landscape, there are many opportunities to be had in terms of buying businesses. Many owners are looking for exits. Strategic business owners will always prepare for the worst ahead of time. We don't pack a parachute while the plane is going down - we do it beforehand in case of difficulties. BEST MOMENTS 'The reality doesn't match the dream all the time' 'If you can dial into this, that becomes very intriguing to a strategic buyer' 'You need to have your parachute already packed...' 'You have to have the right team of people around you' VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE GUEST MARVIN STORM A while back, I sold my business and thought I would sit back, take it easy and enjoy life. It didn’t take long before I was bored stiff. This got me to thinking about my last exit. I realized that if I had been better prepared for this exit, I could have done a lot better for myself. My entrepreneurial juices fueled this thought process that has led me to start the Business Exit Stories Podcast, write a book: Pack Your Parachute – How to Double the Amount of Money You Put in Your Pocket When You Sell Your Business, and developing a process to maximize the enterprise value of a business prior to exit. Every entrepreneur is going to need to exit their business sooner or later. The type of exit they have will largely depend on what they do to position their business for their eventual exit. Taking the time before exiting a business can double or tripling the exit value when they sell their business. Discover More https://www.linkedIn.com/in/marvinlstorm https://businessexitstories.com/ ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony’s official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
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