Summary

In this episode, Adam and Steve discuss the challenge of employee retention and share five ways to retain top talent. They emphasize the importance of having a clear mission and meaningful work, understanding your employees, fostering a positive company culture, offering bonuses and incentives, and providing flexible employee benefits. They also highlight the value of recognizing and acknowledging employees for their hard work. By implementing these strategies, business owners can attract and retain the right people to help their businesses grow and succeed.

 

Chapters

00:00 Introduction and the Challenge of Employee Retention 06:04 Chapter 1: The Importance of a Clear Mission and Meaningful Work 11:13 Chapter 2: Understanding Your Employees and Their Motivations 14:25 Chapter 3: Creating a Positive Company Culture 25:29 Chapter 5: Flexible Employee Benefits for Retention

Episode Links:

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Get a FREE professional valuation of your business - https://www.scaletosell.com/discovery 

 

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One of our core values is to “implement than innovate” – the idea that it’s better to get started and make improvements than wait forever for it to be quote-unquote “perfect” before it launches (if it ever does).

Now that we’ve gotten the conversation started with the podcast, it’s time to elevate the opportunity. 

Listen as Adam Burton, co-host of the Scale to Sell Podcast, shares some exciting updates coming to the show and our community of entrepreneurs.

Episode Links:

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Get a FREE professional valuation of your business - https://www.scaletosell.com/discovery 

 

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Summary

In this episode, Adam and Steve discuss the concept of paying the 'dumb tax' as a business owner. They define the dumb tax as making mistakes unknowingly or unnecessarily due to a lack of guidance or seeking advice from experienced individuals. The hosts highlight three common ways that business owners pay the dumb tax: valuation errors, poorly structured business deals, and inadequate preparation. They emphasize the importance of seeking expert advice, conducting thorough research, and networking with peers to mitigate the dumb tax. The episode concludes with a reminder to take action and implement the insights gained from the discussion.

Chapters

00:00 Introduction 01:23 Defining the Dumb Tax 09:22 Paying the Dumb Tax: Poorly Structured Business Deals 21:37 Mitigating the Dumb Tax 22:04 Conclusion

Episode Links:

Sign up for our BusinessBuilder Thursday weekly guide - www.scaletosell.com

Get a FREE professional valuation of your business - https://www.scaletosell.com/discovery 

 

Follow the podcast so you never miss an episode.

Please rate and review the podcast so more entrepreneurs can find this valuable content to scale and exit their businesses.

 

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Summary

In this episode, Adam and Steve discuss the concept of generational wealth and how it applies to business owners. They explore the challenges of creating and preserving generational wealth, including the failure rates of business transfers to the second and third generations. They emphasize the importance of proper planning, including having a financial advisor, tax planner, and estate attorney, as well as a transition process in place. They also discuss the idea of legacy planning and the various components involved in creating a successful exit and preserving wealth for future generations.

Chapters

00:00 Understanding Generational Wealth 09:44 Challenges of Creating and Preserving Wealth 14:19 The Role of Planning and Professional Advisors 16:09 The Importance of a Transition Process

Episode Links:

Sign up for our BusinessBuilder Thursday weekly guide - www.scaletosell.com

Get a FREE professional valuation of your business - https://www.scaletosell.com/discovery 

 

Follow the podcast so you never miss an episode.

Please rate and review the podcast so more entrepreneurs can find this valuable content to scale and exit their businesses.

 

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Summary

In this episode, Adam and Steve discuss the difference between a lifestyle business owner and a value creator. They highlight the key characteristics of each type and emphasize the importance of transitioning from a lifestyle operator to a value creator. They explain that a lifestyle business owner is heavily dependent on the owner, lacks market value, and is focused on day-to-day operations. On the other hand, a value creator has systems and processes in place, attracts top talent, and has a business that is ready to transition at any moment. They also discuss the impact on personal life and legacy.

Chapters

00:00 Introduction and Business Valuation Opportunity 01:39 Introduction to Lifestyle Business Owner vs Value Creator 06:04 Importance of Systems and Processes for Value Creation 09:41 Characteristics of a Value Creator 13:24 Transitioning to a Value Creator and Legacy 16:16 Creating More Profitability and Value

Episode Links:

Sign up for our BusinessBuilder Thursday weekly guide - www.scaletosell.com

Get a FREE professional valuation of your business - https://www.scaletosell.com/discovery 

 

Follow the podcast so you never miss an episode.

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Summary

In this episode, Adam and Steve discuss the importance of setting quarterly goals for company growth. They emphasize the need to connect goals with daily actions and habits in order to achieve them. They also highlight the value of having a SEPA (Certified Exit Planner) to guide business owners through the goal-setting process. The episode concludes with a reminder to focus on specific areas of the business for quarterly goals and to seek guidance from the Scale to Sell team.

Chapters

00:00 Introduction and Business Valuation Opportunity 01:43 Episode 14: Quarterly Goals for Company Growth 03:03 The Importance of Quarterly Goals 09:48 The Value of a SEPA in Goal-Setting 12:28 Connecting Goals with Daily Actions and Habits 16:08 Focusing on Specific Areas for Quarterly Goals

Episode Links:

Sign up for our BusinessBuilder Thursday weekly guide - www.scaletosell.com

Get a FREE professional valuation of your business - https://www.scaletosell.com/discovery 

 

Follow the podcast so you never miss an episode.

Please rate and review the podcast so more entrepreneurs can find this valuable content to scale and exit their businesses.

 

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Summary

 In this episode, the hosts debunk five myths of exit planning for business owners. They emphasize the importance of exit planning regardless of whether you are looking to exit your business now or in the near future. They also discuss the need for an exit team and a written plan, even for internal transfers. The hosts explain that the value of a business is not solely based on income or physical assets, but also on intangible factors such as reputation and systems. They caution against waiting until you are burned out to start planning your exit.

Chapters

00:00Introduction and Business Valuation Opportunity 01:33Episode 13: Five Myths of Exit Planning for Business Owners 05:43Myth #2: Internal Transfers Don't Require an Exit Team or Plan 08:11Myth #3: Large Income Equals High Business Value 10:33Myth #4: Consistent Multiples for Business Valuation 14:50Myth #5: Value of Business Based on Physical Assets 20:53Conclusion and Call to Action

Episode Links:

Sign up for our BusinessBuilder Thursday weekly guide - www.scaletosell.com

Get a FREE professional valuation of your business - https://www.scaletosell.com/discovery 

 

Follow the podcast so you never miss an episode.

Please rate and review the podcast so more entrepreneurs can find this valuable content to scale and exit their businesses.

 

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Summary In this episode, Adam and Steve discuss the four types of intangible business capital that contribute to the value of a business: human capital, customer capital, structural capital, and social capital. They emphasize the importance of focusing on these intangible assets, as they are often the key drivers of a business's value. They provide insights and examples for each type of capital and highlight the need for business owners to pay attention to these areas in order to increase the value of their businesses.

Chapters

00:00 Introduction and Opportunity for Free Business Valuation 02:16 The Importance of Intangible Business Capital 04:08 Chapter 1: Human Capital 09:50 Chapter 2: Customer Capital 16:28 Chapter 3: Structural Capital 21:32 Conclusion and Call to Action  

Episode Links:

 #AD: Walking to Destiny  (Amazon) https://amzn.to/4aXBJmE

Sign up for our BusinessBuilder Thursday weekly guide - www.scaletosell.com

Get a FREE professional valuation of your business - https://www.scaletosell.com/discovery 

 

Follow the podcast so you never miss an episode.

Please rate and review the podcast so more entrepreneurs can find this valuable content to scale and exit their businesses.

 

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Summary In this episode, Adam and Steve discuss the importance of building an exit team for business owners. They emphasize the value of having a family office approach, where professionals from different areas of expertise work together towards the goal of a successful exit. They highlight the key members of an exit team, including a credentialed M&A expert, a qualified tax planner, an attorney specialized in business transactions, and a financial advisor. They stress the importance of having these experts guide business owners through the exit process to avoid costly mistakes and ensure a smooth transition.

Chapters

00:00Introduction 01:23The Concept of a Family Office 04:08The Role of a Credentialed M&A Expert 08:21The Importance of a Qualified Tax Planner 09:47The Role of an Attorney Specialized in Business Transactions 13:11The Role of a Financial Advisor in Exit Planning 15:09Applying the Exit Team Approach to Acquisition Strategies  

Episode Links:

 #AD: Walking to Destiny  (Amazon) https://amzn.to/4aXBJmE

Sign up for our BusinessBuilder Thursday weekly guide - www.scaletosell.com

Get a FREE professional valuation of your business - https://www.scaletosell.com/discovery 

 

Follow the podcast so you never miss an episode.

Please rate and review the podcast so more entrepreneurs can find this valuable content to scale and exit their businesses.

 

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Summary: In this episode, Adam and Steve discuss the three things necessary for a successful business exit. The first thing is having the business finances in place and knowing the true value of the business. The second thing is ensuring personal finances are in order and aligned with retirement goals. The third thing is having a plan for the next chapter of life after exiting the business. They emphasize the importance of having a written plan and considering all aspects of life beyond the business.

Chapters

00:00Introduction 06:01Chapter 2: Personal Finances 14:29 Conclusion   Takeaways

• Knowing the true value of your business is crucial for planning a successful exit.
• Personal finances need to be aligned with retirement goals and the desired lifestyle after exiting the business.
• Having a plan for the next chapter of life is important to avoid regret and frustration.
• A written plan that considers all aspects of life beyond the business is essential for a successful exit.

Episode Links:

Sign up for our BusinessBuilder Thursday weekly guide - www.scaletosell.com

Get a FREE professional valuation of your business - https://www.scaletosell.com/discovery 

 

Follow the podcast so you never miss an episode.

Please rate and review the podcast so more entrepreneurs can find this valuable content to scale and exit their businesses.

 

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