Episode Details

When you start a business, pretty much all your attention goes to getting it up and running and then to keeping it going and growing it over the hopefully many years of its life. What we often do not plan on or put energy into how we will exit the business. Whether it is passing it on to or selling it outright, many are ill prepared to make this transition and when they do want to sell or exit, are left with very few options and a business that is not sellable.  

Today we are going to be covering the ins and outs, of what it takes to prepare yourself and your business for this future transition. I am so pleasded to welcome to the show, Aaron Friedman of Guideposts.io.  

Aaron Friedman is a seasoned business leader with over two decades of experience spanning information technology, startups, venture capital, and acquisitions. Hailing from El Paso, TX, Aaron's passion for innovation was cultivated early on in his grandfather's machine shop working on racing engines.

With a history of founding and selling companies across the globe, Aaron now specializes in acquiring and transforming companies.

Beyond his professional pursuits, Aaron dedicates his free time to mentoring local entrepreneurs with Score.org, restoring classic cars, and indulging in his fascination for sailing. He has a proven track record of driving operational excellence and navigating complex business landscapes and is counted on as a trusted partner for navigating business exists. 

We cover

• The Silver Tsunami and the Impact on Business Exits
• The Importance of Profitability and Building a Strong Foundation
• Delegate or Die: The Need for Delegation and Focus on Growth
• Defining Forward: Risks, Vulnerabilities, and Documentation
• The Value of a Turnkey Operation
• Consistency and Branding: Keys to Business Value
• Documenting Recipes and Processes for Consistency and Risk Mitigation
• Delegating and Empowering Key Employees for Growth and Exit
• Planning for the Future: What Do You Want Your Business to Look Like After You Exit?
• Effective Communication and Setting Expectations in Delegation
• Regularly Creating an Exit Plan: A Practice for Business Owners

LINKS:

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