It truly is never too early nor too late to talk about your grand “exit.” In this episode of the eCommerce Money Map podcast, Salim is joined by Meny Hoffman from Ptex Group. They exist as the go-to advisors for eCommerce businesses to achieve their dream exit plan and execute it successfully.
Here's more into who Meny is:
Meny is the CEO of Ptex Group, an award-winning marketing agency headquartered in Brooklyn, NY, I work with emergent brands spanning a variety of industries throughout North America, Europe and Israel, to create sophisticated marketing solutions that help clients achieve new milestones in growth.
He is also the creator of Let’s Talk Business, a periodic email series sent to over 15,000 subscribers, which discusses effective expansion strategies for budding businesses. These dual roles led him to found the LTB Business Summit, lauded by the media as "North America's first business conference for Jewish entrepreneurs." This game-changing movement is helping countless entrepreneurs flourish by providing them with powerful educational tools needed to learn, grow and lead.
If you want to know more about the perfect way to exit, listen throughout the show and take note of Meny’s valuable notes on maximizing your eCommerce business to get ahead of the steps you want to take.
[00:01 - 12:11] Opening Segment
- What led Meny to do this business
- He saw the good, the bad, and the ugly
- Be proactive in preparing to exit
- Maximize the value of your business
- A wake-up call happens to you
- A healthy and successful business
- If it concerns buyers, it should concern you
- Know your numbers!
- Are you being intentional?
[12:12 - 20:12] Maximizing the heights where your business can go
- Make sure you are organized
- Be honest and transparent with your accountant
- Where is the Amazon eCommerce space leading to
[20:13 - 23:51] Closing Segment
- Why Meny wanted to pursue this space
- He could have done many things, so why?
- Final Words
Shoot him an email at [email protected]
Follow him on LinkedIn and visit his website https://letstalkexits.com/
Listen and subscribe to his podcast: Let’s Talk Business
If you’d like to hear more episodes, you can find them at www.ecommercemoneymap.com, or on your favorite podcast directory. Don’t forget to like, subscribe, and leave us a review!
If you want to learn more about the eCommerce Accounting Hub, visit www.ecommerceaccountinghub.com
Thanks for tuning in; we’ll see you next time!
Tweetable Quotes
"When someone builds a business brand, usually it’s bigger than the business owners themselves.” - Meny Hoffman
"It is never too early to start thinking about your exit plan.” - Meny Hoffman
"Don’t rely just on a bookkeeper who does your bookkeeping or an accountant that does your taxes. Require your accountant to give you some high-level information on a monthly basis that will help you make decisions about where your business is and where your focus should be in the next coming months.” - Meny Hoffman
"eCommerce is still a low barrier to enter, but it’s way more complicated than it was three or five years ago, which means you need to be way more intentional about it, and not treat it just like a side hustle. Treat it as seriously as if you are opening a retail store or any type of business.” - Meny Hoffman
