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Business Resilience & Exit Planning: Scaling Beyond the Founder with Mike Stoll (#26)
In this episode, I sit down with Mike Stoll, Co-founder of Ready Smart Go and the Business Resilience Society, to explore how entrepreneurs can build companies that survive disruptions and secure high-value exits.
We discuss:
– Mike's 30-year journey from founding TMC Computer Services to building frameworks for business resilience, and how his early experiences shaped his perspective.
– Why taking on loans can threaten cash flow and the importance of preparing a rainy-day fund for slow seasons.
– The chasm of owner independence and how to cross it by delegating tasks, hiring virtual assistants, and forming strategic partnerships.
– Why having a strong vision, mission, and core values is the absolute foundation for overcoming unexpected business disruptions.
– The shift from working in your business to on your business, and why this is the biggest driver for increasing your company's valuation.
– Mike's perspective on the evolution of technology, from the pre-PC IBM era to the massive impact Artificial Intelligence will have on small businesses.
If you are a business owner looking to scale smarter, navigate crises, and prepare for a successful exit, this conversation is packed with actionable advice on operations and resilience.
Want to learn more about Mike's work? Visit ReadySmartGo.org or connect with him on LinkedIn (https://www.linkedin.com/in/mike-stoll-055325b/).
Ready to grow and plan your exit? Visit www.BizExitGrow.com where thoughtful systems and strategies help build lasting value and legacy.
Time Stamps:
0:00 Introduction: Exit Algorithms Podcast with Mike Stoll
2:38 Mike Stoll's Background: From Early Side Hustles to Business Consulting
5:20 The Impermanence of Business: Why Change is Inevitable
8:11 Building Business Resilience: Overcoming Unexpected Disruptions
10:20 Vision, Mission, and Values: The Foundation of Growth
12:26 Cash Flow Management: The Danger of Business Loans
18:03 Preparing for the Winter: Building a Rainy Day Fund
22:40 Crossing the Chasm: Achieving Owner Independence
26:47 Scaling Your Business: Hiring Virtual Assistants and Delegating
28:45 Working ON Your Business vs IN Your Business
32:16 Reducing Business Risk to Increase Exit Valuation
44:58 The Evolution of Technology: From IBM to the Internet
47:04 AI in Small Business: The Next Big Technological Shift
52:19 Conclusion: Connecting with Ready Smart Go
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By Peter VeraIn this episode, I sit down with Mike Stoll, Co-founder of Ready Smart Go and the Business Resilience Society, to explore how entrepreneurs can build companies that survive disruptions and secure high-value exits.
We discuss:
– Mike's 30-year journey from founding TMC Computer Services to building frameworks for business resilience, and how his early experiences shaped his perspective.
– Why taking on loans can threaten cash flow and the importance of preparing a rainy-day fund for slow seasons.
– The chasm of owner independence and how to cross it by delegating tasks, hiring virtual assistants, and forming strategic partnerships.
– Why having a strong vision, mission, and core values is the absolute foundation for overcoming unexpected business disruptions.
– The shift from working in your business to on your business, and why this is the biggest driver for increasing your company's valuation.
– Mike's perspective on the evolution of technology, from the pre-PC IBM era to the massive impact Artificial Intelligence will have on small businesses.
If you are a business owner looking to scale smarter, navigate crises, and prepare for a successful exit, this conversation is packed with actionable advice on operations and resilience.
Want to learn more about Mike's work? Visit ReadySmartGo.org or connect with him on LinkedIn (https://www.linkedin.com/in/mike-stoll-055325b/).
Ready to grow and plan your exit? Visit www.BizExitGrow.com where thoughtful systems and strategies help build lasting value and legacy.
Time Stamps:
0:00 Introduction: Exit Algorithms Podcast with Mike Stoll
2:38 Mike Stoll's Background: From Early Side Hustles to Business Consulting
5:20 The Impermanence of Business: Why Change is Inevitable
8:11 Building Business Resilience: Overcoming Unexpected Disruptions
10:20 Vision, Mission, and Values: The Foundation of Growth
12:26 Cash Flow Management: The Danger of Business Loans
18:03 Preparing for the Winter: Building a Rainy Day Fund
22:40 Crossing the Chasm: Achieving Owner Independence
26:47 Scaling Your Business: Hiring Virtual Assistants and Delegating
28:45 Working ON Your Business vs IN Your Business
32:16 Reducing Business Risk to Increase Exit Valuation
44:58 The Evolution of Technology: From IBM to the Internet
47:04 AI in Small Business: The Next Big Technological Shift
52:19 Conclusion: Connecting with Ready Smart Go