EPISODE #565
Michelle Seiler Tucker
Exit Rich:
How to Position Your Business for Sale
565 Michelle Seiler Tucker: Exit Rich
Why It’s Never Too Early To Focus on Valuation Growth
When you’re building your business, it can be hard to imagine a day when you let it go. It’s your baby, it’s an extension of you, and it’s personal.
There will come a time, though, when its time to move on. And when that time comes, it’s vital you exit… rich.
Many founders wait until they’re burned out, bored or engulfed in a crisis before they start to think about selling their businesses, and that’s too late.
The right time to think about it is when you’re beginning your business – and that means knowing what you want, the wealth you want to create, and putting a strategy in place to grow the valuation of your business.
Michelle Seiler Tucker is a 20-year veteran in mergers & acquisitions, and her passion is to save businesses that might otherwise close – and get founders 20-40% above the asking price for their businesses. She’s got a second book out on pre-order right now called Exit Rich to help you create a valuable asset, succession plan and exit strategy.
- Why the biggest mistake most founders make is not planning their exit early enough – and why it’s too late if you wait for burnout or a crisis
- The ST GPS EXIT Model, and why it’s vital to have a clear destination – time line and price – in mind when you start your business
- How clarity about your destination translates into the operational and growth strategies to match you with the right buyer
- Why its important to sell early because 70% of businesses that have been going 10 years or longer will go out of business because there is increasing risk along the way.
- Why once you grow your company to over $1 million in EBITDA, you’re going to have hundreds and hundreds of buyers.
- The 6P’s you can use to grow your business and its valuation
- And much more!
Join the conversation on Podopolo https://podopolo.com – available in for free in both the Google and Apple app stores – and unlock special perks including a chance to have a complimentary 15-minute consult with me.
More about Michelle Seiler Tucker at www.seilertucker.com
More about Michelle at Seiler Tucker
As a 20-year veteran in mergers & acquisitions, Michelle has sold hundreds of businesses. Recognized as the leading authority on buying, selling, fixing, and growing businesses, Michelle sees opportunity where many are discouraged or have given up. Her passion is to save businesses that might otherwise close. She closes nearly 98% of all written offers and, on average, obtains 20-40% above the asking price for her clients.
Preorder Exit Rich and receive a lifetime book membership and 30-Day entry into Club CEO’s.
Listen to Michelle’s podcast, Exit Rich Podcast
Get the Transcript HERE
Wings of Inspired Business was ranked #8 of Entrepreneur Magazine’s Top 20 Business Podcasts for 2020 – and Feedspot’s #2 business podcast for women.
Our Sponsors and Special Offers
Podopolo – The #1 Social Podcast App + Player
Discover your new favorite podcasts, interact with hosts and each other, and win prizes, freebies, special discounts and more as you share content, put lessons into action in your life, and engage in mission-driven quests to improve the world – all in one mobile app. Download Podopolo right now in the Apple and Google app stores. And if you’re a podcaster – join us! Learn more here.
Launch Your Magnetic and Profitable Podcast
If you’ve been putting off launching your podcast, now is your time. The world needs to hear your expertise and our message right now. Your voice IS your value, and your passport to engage the world in your true purpose and mission. As the Coronavirus Pandemic continues, I’m offering a group Podcast Accelerator at a discount so you can connect deeply with your community and attract and best serve your customers.
Get The 7 Steps to Your Profitable Podcast
Leverage my complimentary 7 Step Guide to engage your tribe with a magnetic podcast that makes you money.
Zero Limits Ventures
How much is your company worth? Want to find out how to boost your valuation? Claim your FREE consult call with Steve Little, who’s built and sold 6 of his own companies for 9-figure exits and helps other founders get a 5X to 10X multiple on their the sale of their business.
Like & Follow Wings
@wingspodcast @MelindaWittstock2020 in/MelindaWittstock @melindawings @IAmMelindaWittstock