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Do you own a business? Do you plan to live forever? Do you have an Exit plan? If your answered Yes to the first but no to the other questions this episode is for you. Marvin L. Storm has founded, acquired, scaled, and exited several businesses. After his recent exit, he realized that sitting on the sidelines wasn't his style. He felt his decades of startup, operational, and C-suite experience as well as the experiences of profitably exiting businesses could help entrepreneurs create enterprise value and then monetized all their hard work by teaching them how to execute a highly profitable exit. With this in mind, he launched the Business Exit Stories Podcast Interviewing, 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 their exit. Also, he is writing a book: Pack Your Parachute – How to Double the Amount of Money You Put in Your Pocket When You Sell Your Business. He also serves on multiple boards of directors, consults, and lectures on business exits. https://www.linkedin.com/in/marvinlstorm http://www.businessexitstories.com/ https://twitter.com/MarvinLStorm
“If you started a business, you're not thinking about when you're going to sell your business. You're just trying to survive today a lot of times. But as you're making some of those strategic decisions, like who you're hiring, how you're formatting your business, occasionally you need to just take a step back and ask the question, when should I sell my business in the future?” In Season 4, Episode 09 of the Boss Uncaged Podcast, S.A. Grant sits down with the Founder of Blackstone Hathaway, Marvin L. Storm.
Dealing with Goliath: Psychological Edge for Business Leaders
We discuss:- The surfboard metaphor for business opportunity- Experience starting businesses and experiences acquiring them, improving them and selling them- Add value to help get those exiting a business more dialled in and prepared- The dangers of different motivators of private equity investors compared to entrepreneurs- The podcast: Not the focus on the entrepreneur, but the pros who do this week in, week out, for the benefit of the entrepreneurs- Marvin's 4 Key Observations- Fallacy: Entrepreneurs believe that because they've worked hard to build their business, it'll be worth a lot of money when they go to sell- Why business owners need to do something about this now, not later!- You need to know a potential buyer's due diligence checklistIt's the thought process and planning, not the time that will pay- Would you write a check for cash and pay what you're asking for your own business?- Things that will cause a depression of the value of your business- Doesn't take a lot of time, but it does take strategic thinking- The exceptional value of predictable revenue- An advisor can literally make or break the valuation on a business- How entrepreneurs realised sales at multiples of their first offer- The importance of differentiation and creating a moat for competitive advantageIf you're interested in more visit ▶ https://almcbride.com/minicoursefor a free email minicourse on how to gain the psychological edge in your negotiations and critical conversations along with a helpful negotiation prep cheat sheet.If you enjoyed this episode of Dealing with Goliath Podcast, hit subscribe to hear about our latest episodes.
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/
Ep #87 - Exiting a business with Marvin L Storm AMI Baba Discount Code: Use THECLIMB - for $200 off the current pricing. Visit https://bit.ly/32DRXn2 to register.
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 L. Storm shares information and exit stories that will benefit entrepreneurs who are just getting started, those that are busy scaling their business, and those that are getting ready for an exit. Marvin is the author of "Transitioning From Employee To Entrepreneur" available here: https://amzn.to/33v73vc For a recap of his Snackable Solution, watch it here: https://youtu.be/Y2cfNBGMFts Follow Marvin Storm at: Website BxAdvisors LinkedIn Business Exit Stories BxAdvisors on Facebook Twitter YouTube Subscribe: https://www.youtube.com/c/SnackableSolutions Website: https://snackablesolutions.com/ Social Profiles: https://linktr.ee/SnackableSolutions Music Upbeat by Mixaund Music promoted by https://www.free-stock-music.com #ExitStrategy #Business #SnackableSolutions --- Send in a voice message: https://anchor.fm/snackablesolutions/message
Business Owners & Entrepreneurs Podcast with Peter Boolkah | Business Coach | The Transition Guy®
In today's video, I'm in conversation with Marvin L. Storm, a podcaster, author, and entrepreneur, about business exit strategies, where business owners make their money when selling a business, and why business exit is important. Marvin L. Storm is the podcaster behind The Business Exit Stories podcast. His podcast provides in-depth insights to business owners on what to do or not do when exiting a business, as well as insights on things to watch out for when preparing a business for sale.Many business owners come to the point in their business journey where they may consider selling it and exiting the company. As a business owner running your company, you develop skills along the way and become really good at running the business. You end up creating immense value for the business which makes it hard to step away and exit from it. However, when the time comes to exit, you need to make sure you're able to maximize the value you've created, so that you can sell your business for what it's worth and MORE. Having done the entrepreneurship journey himself, Marvin has had a lot of business exit strategies, and plenty of insights on exiting and selling a business. I invite you to watch until the end to see what Marvin has to share that can help you for when you reach the point at which you're ready for a business exit, and prepare your business for sale.--------------------CONNECT WITH PETER BOOLKAH:--------------------http://www.Boolkah.comhttps://www.facebook.com/Boolkahhttps://www.instagram.com/pboolkah/https://www.linkedin.com/in/boolkahhttps://twitter.com/boolkah--------------------ABOUT PETER BOOLKAH--------------------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 business transition period, and want to know more then connect with Peter at Boolkah.com--------------------THE TRANSITION GUY --------------------Peter Boolkah is the World's #1 Business Transition Coach and also known as ‘The Transition Guy'. This YouTube channel and his podcast is where he shares his unique and direct approach to taking back control of your business (and your life) while growing and transitioning your business from one level to the next.As a business owner, transitioning your business is all about setting and reaching your goals as well as business transition planning and process. 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!
Leadership LIVE @ 8:05! - Talking Small Business with Marvin L. Storm about Improving The Value of Your Business. Marvin Storm hosts The Business Exit Stories podcast, where M&A Advisors, Investment Bankers, and Business Brokers share some of the most unusual deal stories you can imagine. He is also the Founder of Blackstone Hathaway, a company focused on helping entrepreneurs properly position their businesses for sale and develop a strategic plan to minimize capital gains taxes when the business is sold. Every Tuesday evening on Leadership LIVE @ 8:05! - Talking Small Business, your host Andrew Frazier is joined by experienced entrepreneurs and business owners who share their secrets to success via Livestream. You will learn about developing your business leadership skills from our roster of high-performing guest experts. Leadership LIVE is one of the many valuable resources provided through the Small Business Pro University empowering business owners to learn, profit, and grow. www.SBProU.com
Show InformationHost: Jay FranzeGuest: Marvin L. StormRecorded: January 09, 2022This is a follow-up to this week's live show featuring Marvin L. Storm. Jay will dive deeper into exit strategies, and discuss five exit strategies to consider when leaving your business.Additional Show InformationMarvinLStorm.comFranze and FriendsFranzeandFriends.comFacebookFacebook GroupInstagramYouTubeJay FranzeJayFranze.comSupport the show (https://www.paypal.com/biz/fund?id=ZAC362K9HWK74)
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.
Show InformationHost: Jay FranzeCo-Host: Mindy Jo RigelGuest: Marvin L. StormAired: January 05, 2022We discuss why entrepreneurs should optimize their exit value enabling them to enhance their post-exit lifestyle. A key takeaway from this discussion is that without proper planning an entrepreneur can leave large sums of money on the table when exiting their business.Additional Show InformationMarvinLStorm.comFranze and FriendsFranzeandFriends.comFacebookFacebook GroupInstagramYouTubeJay FranzeJayFranze.comMindy Jo RigelMindyJoRigel.netSupport the show (https://www.paypal.com/biz/fund?id=ZAC362K9HWK74)
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
Do you own a business?Do you plan to live forever?Do you have an Exit plan?If your answered Yes to the first but no to the other questions this episode is for you.Marvin L. Storm has founded, acquired, scaled, and exited several businesses. After his recent exit, he realized that sitting on the sidelines wasn't his style. He felt his decades of startup, operational, and C-suite experience as well as the experiences of profitably exiting businesses could help entrepreneurs create enterprise value and then monetized all their hard work by teaching them how to execute a highly profitable exit. With this in mind, he launched the Business Exit Stories Podcast Interviewing 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 their exit. Also, he is writing a book: Pack Your Parachute – How to Double the Amount of Money You Put in Your Pocket When You Sell Your Business. He also serves on multiple boards of directors, consults, and lectures on business exits.https://www.linkedin.com/in/marvinlstormhttp://www.businessexitstories.com/https://twitter.com/MarvinLStorm
SEGMENT 1 with Marvin L. Storm, starting at 0:00: If you are interested in exiting your small business, how do you make sure you get the most money for your company? Marvin Storm is here to share valuable insight for how to double the amount of money you put in your pocket when you sell your business.SEGMENT 2 with Jeremy Dauber, starting at 19:30: What role do comic books and graphic novels play in our society and the retelling of history? Jeremy Dauber is the author of “American Comics,” which tells the sweeping story of cartoons, comic strips, and graphic novels and their century-long hold on the American imagination.SEGMENT 3 with Tammy Smith, starting at 36:15: America is filled with family businesses, but family business is a difficult business and it's hard to pass it along to another generation. Here to share her experience running a family business is Tammy Smith, CEO and Founder of Wheelers Accessible Van Rentals based in Phoenix, AZ.Sponsored by NiceJob and Plastiq.
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!
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
In this episode, you will learn: 1. Different types of buyers and how they evaluate your business 2. What you should do in order to have a sellable business and be able to retire when you want 3. Ways to attract buyers and figure out the "fair" price for your enterprise Marvin L. Storm has founded, acquired, scaled, and exited businesses during his career. 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 successful and profitable business exit. He has developed strategies entrepreneurs can use to substantially increase their business enterprise value and profitably exit their business. Also, he will be publishing a publishing a book next year titled: Pack Your Parachute – How to Double the Amount of Money You Put in Your Pocket When You Sell Your Business