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Exit Rich
Exit Rich episodes
- Perfect Exit Strategy: Moving Forward To What You Want With Loral Langemeier
Whenever people build up their business and wealth, they sometimes forget to plan for what comes next. Preparing an exit strategy is also a part of the success and should not be overlooked. Joining Michelle Seiler Tucker in this episode is Loral Langemeier, the founder of Live Out Loud, Inc. Loral talks about the mentality of simply moving forward towards your goal without a hint of stopping as a basic way to look at achieving success. She also explains why you need to start surrounding yourself with millionaires to improve your life by improving your environment. If you plan for your children to be entrepreneurs as well, Loral touches on what you need to be preparing to educate the next generation about the entrepreneurial way—something that school won’t be able to teach them.
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Join The Find Your Exit Community today:
43 min - Face, Follow, Fix: Success, Prosperity And The Illuminate Philosophy With David Corbin
Ever wondered where mentors get their incredible wisdom? From other mentors, where else. David Corbin is such a mentor of mentors – and a very good one at that. Among other accolades, he is a two-time Wall St. Journal bestselling author, a rockstar keynote speaker and inventor of the Illuminate philosophy. Sitting down for an amazing interview with Michelle Seiler Tucker, he shares to us his valuable insights on managing expectations, setting goals, seizing opportunities, making assumptions and many more. He also shares what “meditration” means and how you can apply it to your situation. David has been referred to as a Robin Williams with an MBA, so there is a lot of humor to be expected in this conversation, but beyond that humor is a wealth of knowledge, experience and wisdom that only he can deliver.
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- Here’s How »
Join The Find Your Exit Community today:
- seilertucker.com
- YouTube
49 min - Why 8 Out Of 10 Businesses Don’t Sell
Is your business prepared to withstand a catastrophic event? In this episode, Michelle Seiler Tucker takes a closer look at a startling statistic about selling businesses and why most businesses are not sellable. Diving into the dramatic changes in the business landscape over the years, Michelle discusses the importance of planning your exit and being ready for any internal or external catastrophic event. She also explores the business life cycle and the optimum time to sell your business. Tune in and learn how you can plan to make your business ready for sale anytime.
Love the show? Subscribe, rate, review, and share!
- Here’s How »
Join The Find Your Exit Community today:
- seilertucker.com
- YouTube
16 min - Business Life Cycle – From Incubator To Exit
Learning the truth about the life cycle of a business, especially small to medium-sized ones, is startling, to say the least. Even before COVID happened, 70% of small businesses were closing down. The life cycle of a business is comparable to the life cycle of a human being, which Michelle Seiler Tucker discusses in this episode. We also get into the details of the cycle, from the incubator stage to business death, using Toys R Us, the company owned by Charles Lazarus, as an example. That being said, when is it the right time to sell your business? The Seiler Tucker 6Ps can be a great guide to figuring that out.
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- Here’s How »
Join The Find Your Exit Community today:
- seilertucker.com
- YouTube
29 min - EXIT Rich: 6 Things You Need To Work On To Profit From Your Exit With Sharon Lechter
Now, we really get into the meat of how to get rich from selling your business. Joining Michelle Seiler Tucker is the amazing Sharon Lechter, her friend and co-author of EXIT Rich, a book that unveils the secret to selling your business for huge profits. Sharon is an internationally-recognized financial literacy expert, keynote speaker, New York Times bestselling author, successful entrepreneur, humanitarian and licensed CPA. Her claim to fame is her work with the international bestselling series, Rich Dad Poor Dad and her writing partnership with The Napoleon Hill Foundation. This conversation mainly revolves around the ideas presented in Michelle and Sharon’s book, including property rights protection, the importance of mentoring, working with industry experts and more. Join in and learn why EXIT Rich is a book you shouldn’t miss.
Love the show? Subscribe, rate, review, and share!
- Here’s How »
Join The Find Your Exit Community today:
- seilertucker.com
- YouTube
46 min - Buyer Sanity Check: 5 Questions Buyers Ask Before Buying A Business
If you’re planning to sell your business, it is important to put yourself in the buyer’s shoes and know what makes them tick. What do buyers look for when buying a business? Whether you’re dealing with a first time buyer or a more experienced one, one thing is for certain: they are going to vet your company for certain things. In this episode, take a look at the five questions every buyer asks before purchasing a business with Michelle Seiler Tucker. Plus, learn about the five different types of buyers and the Seiler-Tucker 6Ps of a sellable business.
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- Here’s How »
Join The Find Your Exit Community today:
- seilertucker.com
- YouTube
16 min - Real Estate Franchising With Hector Castillo
Doing real estate is not as easy as some people would say. You have to serve your customers and clients full time. This is what Hector Castillo realized when he entered the real estate industry. Starting as a real estate professional, Hector quickly learned doing it part-time can be challenging, so he decided to open his own real estate company. On today’s show, he joins Michelle Seiler Tucker to share his journey to purchasing a franchise, becoming the CEO and a Regional Owner of EXIT Realty New York Metro, and growing it into a brand with 46 offices over 1,600 agents.
Love the show? Subscribe, rate, review, and share!
- Here’s How »
Join The Find Your Exit Community today:
- seilertucker.com
- YouTube
53 min - Seller Sanity Check: When And Why You Should Sell Your Business
Have you ever thought about what you’re going to do once you’ve sold your business? Whether you’re just starting or you’re ten years down the road, there is no wrong time to start planning your business exit strategy. For most business owners, their business is their baby. So, why even sell? Simply put, business is risky, and you wouldn’t want to sell only when you’re forced to and the value of your business is not as it should be. Michelle Seiler Tucker urges you to start thinking about when to sell your business and what to do after that. What are you passionate about? What are the things you have missed on? What kind of life do you want after you sell? It’s time to do a seller sanity check and ask yourself these questions before it’s too late.
Love the show? Subscribe, rate, review, and share!
- Here’s How »
Join The Find Your Exit Community today:
- seilertucker.com
- YouTube
17 min - Touching Lives One Wish At A Time With The Wish Man, Frank Shankwitz
Don’t you wish those unfortunate children suffering from life-threatening illnesses had a chance to have their one wish come true? In this imperfect world, somebody gladly took that responsibility to himself – The Wish Man, Frank Shankwitz. An Air Force veteran, retired law enforcer, and recipient of several awards, you wouldn’t think of Frank as a once-abandoned kid who did the dishes in rural Arizona. Frank was the creator and the first President and CEO of the Make-A-Wish Foundation, a global charity that now grants a wish to a child somewhere in the world every 23 minutes. And it all started out with one child’s wish. Find out how he found his exits in his colorful life as he relates his story to Michelle Seiler Tucker.
Love the show? Subscribe, rate, review, and share!
- Here’s How »
Join The Find Your Exit Community today:
- seilertucker.com
- YouTube
52 min - Unmasking The Truth About Small Businesses And How You Can Save Yours
Small businesses employ half of the workforce in the United States. However, statistics show that over 70% of those will go out of business after operating for ten years. This is the startling truth that not many are aware of when starting out. In this episode, Michelle Seiler Tucker unmasks the truth about small businesses and reveals why many of them go out. Don’t fret, though, because Michelle is also going to share with you some information to help you save your business and even plan your exit.
Love the show? Subscribe, rate, review, and share!
- Here’s How »
Join The Find Your Exit Community today:
- seilertucker.com
- YouTube
14 min
About Exit Rich
From the publisher's feed
Have you ever wondered why some businesses thrive and others take a nosedive? Most business owners don’t ever think about their exit strategy until it is too late. And why do some businesses exit…
for maximum value; others sell for pennies on the dollar; and some don’t sell at all? Welcome to Exit Rich, hosted by seasoned M&A advisor, Michelle Seiler Tucker, dedicated to helping you on a path to your next adventure, or retiring rich and exiting for the price that you’ve dreamed of and deserve. Even if you are not ready to sell now or still building to sell, Michelle’s guidance, expertise, and mentorship will open your eyes to the road to finding your desired exit.In this show, you will get an understanding of how to plan your ST GPS Exit(TM) and the different types of exits, how to build your business to run on all six cylinders, the ST 6Ps(TM), and how to maximize the dollar value of your company. From interviews with famous entrepreneurs, like Alec Stern, founder of Constant Contact, and Jeff Hoffman, founder of PriceLine, you will learn from those who have successfully scaled, exited before you, and moved on to start their next adventure. You will also learn about financial analysis, implementing a custom targeted marketing campaign while maintaining 100% confidentiality, screening and qualifying prospective buyers, negotiating deal structure and terms, providing support with pre-closing activities, overseeing and managing the due diligence process, managing closing activities and documents, and much more!The process of selling a business is a tough journey. It can be the pinnacle of a life of hard work and struggle and can open the door to a new way of life for you and your family. The successful sale of a business, a sale where you walk away delighted, is the result of managing multiple complexities and working through a myriad of potential pitfalls. It takes experience and a proven track record to navigate the minefield of selling a business. Keep in mind that 8 out of 10 businesses don’t sell! You need the dedication and the experience of a mergers and acquisitions advisor/broker like Michelle Seiler Tucker who has sold hundreds of businesses.As Founder and CEO of Seiler Tucker and the owner of numerous other successful companies, Michelle has consulted, and partnered with many business owners, investing her money, expertise, resources, time energy and effort in which to help her partners build their business to sell their business for their desired dream price. Michelle closes 98% of the offers she writes and obtains an average 20-40% above asking price; which is the result of her persistence and dedication to clients, and her expertise at growing and fixing businesses to achieve their full potential. Seiler Tucker Inc, is the leading authority on buying, selling, fixing, and growing companies.Her bestselling book, Sell Your Business for More Than It’s Worth, is a blueprint for anyone that wants to increase market share, become more profitable, and sell their business for top dollar. Her next book, Exit Rich, further expands on how to grow a business utilizing the 6 P’s and introduces her Build-To-Sell Blueprint. Steve Forbes states: “It is stunning that so many business owners end up leaving so much equity on the table when they want to cash out. That’s why this book will be a goldmine for these entrepreneurs.”The business landscape has changed so much in the last few years. Statistics show that a whopping 70% (out of a sampling of 26 million) of businesses go under even after operating for 10 years or longer. Business owners are forced to sell their business for many reasons, including unforeseen health or economic conditions. Regardless of the reason, knowing when to sell to get the highest price for your company is critical. You absolutely can exit rich, make sure your employees and your customers are taken care of, and continue your legacy. Join Michelle Seiler Tucker every week here to Exit Rich!