Exit Insights Darryl Bates-Brownsword

Are you ready for the unexpected in your business journey?

This Exit Insights episode with a seasoned business owner, Mike Reed, dug into the importance of being prepared for an unplanned business exit. His insights from his own experience shed light on the critical need for small business owners to anticipate and plan for unexpected exits.

Mike highlights the importance of not just seeing yourself as a practitioner but recognising your entrepreneurial side. Leading the business, rather than being stuck in the day-to-day operations, is a crucial shift for long-term success.

Additionally, he stresses the invaluable role of seeking external advisors who can provide an objective perspective. Their insight can be game-changing in identifying blind spots and preparing for potential exits, whether planned or unplanned.

His experience resonates deeply with the need to have a solid plan in place, even for unforeseen circumstances, ensuring that the business, its stakeholders, and the owner are well-prepared for any eventuality.

How do you ensure you're ready for an unplanned business exit?

Watch the episode here: https://succession.plus/uk/podcasts-uk/navigating-small-business-transitions-insights-from-michael-reeds-journey/

If you would like to learn more about how to start preparing your business, then you can get more information here: It All Begins with Insights.
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Have you ever felt like the weight of your business is resting squarely on your shoulders? It's a common experience, but what if I told you that there's a way out, even when it feels like there's no light at the end of the tunnel?

In a recent conversation on the Exit Insights podcast, Ivan and Mariana Polic shared their incredible journey of turning around a high-stress, aerospace manufacturing business and eventually achieving a successful exit. The key takeaway that resonated with me was their emphasis on the importance of making an inner world shift before addressing the operational and marketplace shifts in their business.

Ivan's realization that he was the bottleneck, carrying the entire business on his shoulders, and the subsequent shift in their approach from being owner-centered to team-centered, is a powerful lesson for all business owners experiencing burnout. This inner world shift allowed them to build a self-sufficient team, which ultimately led to a successful exit.

Their story is a testament to the fact that no matter how dire the situation may seem, with intention, focus, and commitment, it is possible to transform the culture of a business and attain a lucrative exit.

Their journey is an inspiring reminder that overcoming burnout and achieving a successful business exit is within reach, and it all begins with acknowledging the need for change and making that crucial inner world shift.

If you're currently feeling the weight of your business on your shoulders, take heart from the Polic's story and remember that change is possible. It's not about doing it all alone, but about empowering your team and creating a culture of self-sufficiency that sets the stage for a successful exit.

Have you ever experienced a similar inner world shift in your business journey? How did it impact your approach to leadership and business growth?

Watch the episode here: https://succession.plus/uk/podcasts-uk/ivan-and-mariana-polic-burnout-to-profitable-exit/

If you would like to learn more about how to start preparing your business, then you can get more information here: It All Begins with Insights.
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Have you ever stopped to think about why creating a steady rhythm of work and planning in your business is so essential for its growth and success?

In this episode, Patrick Thean explored the significance of slowing down and taking the time to work on your business, not just in it. This insightful discussion highlighted the importance of systematically laying out long term goals, annual plans, and quarterly objectives to ensure the execution of your strategy.

Patrick emphasised the need to not just set goals but also to define what success looks like. It's not just about saying, I want to grow my business, but about specifying the parameters of success, the actionable steps, and what achieving those goals would actually mean.

This valuable insight resonates deeply with the need for businesses, regardless of size, to create a structured rhythm of work and planning. It's about more than just having a plan; it's about visualising the plan, documenting it, and working collaboratively to achieve it.

By implementing this approach, businesses can avoid the chaotic approach of continuously being in the thick of operations and, instead, focus on strategising and executing with consistency and predictability.

This method not only sets the groundwork for sustainable growth but also plays a fundamental role in creating an environment where candid and spicy conversations are not just encouraged but essential for progress.

The key takeaway here is that by investing time in creating and working within a structured rhythm of planning, businesses pave the way for sustainable growth, increased consistency, and a higher chance of achieving a premium exit when the time comes.

How do you approach the rhythm of work and planning in your business? Share your thoughts! If you find these insights helpful, please share them with your network.

Watch the episode here: https://succession.plus/uk/podcasts-uk/patrick-thean/

If you would like to learn more about how to start preparing your business, then you can get more information here: It All Begins with Insights.

#BusinessStrategy #RhythmofWork #Planning #Execution #BusinessGrowth
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How can a startup evolve into a thriving, scalable business?

Colin C. Campbell, a seasoned entrepreneur and author of Start, Scale, Exit, Repeat, explored the essential shift needed to scale a business successfully.

One crucial insight that stood out is the necessity for entrepreneurs to transition from managing tasks to managing people with defined roles and responsibilities. This mindset shift is pivotal as the business evolves from a startup to a more structured and scalable entity. Delegating responsibilities and empowering a team becomes paramount for sustained growth and eventual successful exits.

Colin's journey and the strategies outlined in his book underscore the significance of aligning the business's internal structure with its growth trajectory. By embracing this fundamental shift, entrepreneurs can pave the way for long-term success and an impactful business legacy.

Remember, the ability to transform from a task-driven approach to a people-focused one is a defining factor in the growth and scalability of any business.

Watch the episode here: https://succession.plus/uk/podcasts-uk/colin-campbell/

If you would like to learn more about how to start preparing your business, then you can get more information here: It All Begins with Insights.
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Are you thinking about your business exit strategy? Let's dive into the false exit concept with John Lamerton. It challenges the traditional way of selling a business and offers an alternative for entrepreneurs. One thing to remember is how a false exit can bring back purpose and prevent burnout.

Typical exit strategies often mean selling the entire business. But what if you could take a break, recharge, and return with renewed enthusiasm? A false exit allows you to step away, recover, and come back feeling re-energised. It's about creating a framework that empowers the right people to successfully run the business in your absence, maintaining the company's momentum without fully letting go.

By implementing a false exit, you can preserve your creative drive, ensure the business continues to thrive, and explore new opportunities without completely giving up ownership. It's a fresh approach that challenges the traditional views of exit planning, emphasising the need for a sustainable transition strategy.

What are your thoughts on the false exit approach? Have you explored alternative exit strategies for your business?

Watch the episode here: https://succession.plus/uk/podcasts-uk/john-lamertons-exit-planning-secrets-how-a-false-exit-sets-you-up-for-success/

If you would like to learn more about how to start preparing your business, then you can get more information here: It All Begins with Insights.
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Are you thinking about shifting your business from hourly rates to a subscription model? One key aspect to consider is how this change can impact the value of your business when it's time to sell.

Robbie Kellman Baxter, a top expert in subscription-based pricing models, dug into the significance of subscription revenue on a company's valuation. It's not a quick fix; it's an investment in the long-term value of your business.

Transitioning from product-based or deliverable-based revenue to a subscription model takes time and patience. It's about nurturing enduring relationships with clients, which eventually reflects positively on your bottom line. This shift in revenue model isn't an overnight solution; it's a strategic move that demands foresight and a commitment to long-term value creation.

If you're considering this shift, now is the time to experiment, gauge the potential impact, and see if you're prepared for the investment it demands. The earlier you start, the sooner you lay the foundation for a more robust and valuable business in the future.

Watch the episode here: https://succession.plus/uk/podcasts-uk/robbie-kellman-baxter/

If you would like to learn more about how to start preparing your business, then you can get more information here: It All Begins with Insights.
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