Business Exit: Secret Formula Podcast Por Josie David Fisher arte de portada

Business Exit: Secret Formula

Business Exit: Secret Formula

De: Josie David Fisher
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For business owners thinking about selling their business in the next 1 to 5 years, there are incredible opportunities with business exit consultants and advisors who are here to help you navigate this critical journey together.Josie David Fisher Economía
Episodios
  • Exit isn't an event; it's a Mindset.
    May 12 2025

    Summary

    In this episode, Josie and David Fisher discuss the importance of having an exit mindset for business owners.

    They emphasise that exiting a business is not a one-time event but a multi-year process that requires careful planning and preparation.

    The conversation covers various stages of preparing for an exit, including optimising business operations, succession planning, and understanding market readiness.

    They also highlight AI's impact on business and the necessity of adapting proactively to market changes. The episode concludes with a challenge for listeners to start mapping out their exit strategy.


    Exit isn't an event; it's a Mindset.

    Only 20 to 30% of small to mid-sized businesses that go to market sell.

    75% of those who do sell, unfortunately, regret it.

    Preparation for exit is a continuous process that takes years.

    You need clean records of everything to attract buyers.

    Understanding your legacy is crucial when planning an exit.

    What gets measured gets sold; focus on exit readiness.

    AI is a significant factor in market readiness and can impact your business.

    You must optimise your operations to make yourself redundant.

    Succession planning is essential for a smooth transition.


    Sound Bites

    "Exit isn't an event, it's a mindset."

    "Only 20 to 30% of businesses sell."

    "The preparation is a continuous process."

    "You need clean records of everything."

    "What gets measured gets sold, they say."

    Chapters

    00:00

    The Exit Mindset

    02:46

    Preparing for the Exit Runway

    06:08

    Optimising Business Operations

    09:04

    Succession Planning and Legacy

    11:52

    Transformation and Negotiation

    15:06

    Readiness for Sale

    18:11

    Market Positioning and AI Impact

    20:56

    Weekly Challenge and Wrap-Up


    Meetup Groups


    Wed, Jun 4 · 7:00 PM AEST

    Business Exit Strategies Workshop with JD & Friends (Zoom)


    Business Exit Strategies Workshop


    Fri, Jun 13 · 1:00 PM AEST

    Business Referral Networking Mixer @Ovolo with JD & Friend (In-person)


    Business Exit Networking Mixer


    Más Menos
    24 m
  • Refire, Don't Retire: The Five Pillars of the Business Exit
    Apr 28 2025

    "The Five Pillars You Must Build Before (and After) You Exit"

    Summary

    In this episode of the Business Exit Secret Formula podcast, hosts Josie and David Fisher discuss the critical importance of preparing for life after selling a business.

    They introduce the concept of the five pillars that support a successful transition:

    Knowledge, Skills, Networking, Resources, and Reputation.

    Through real-life examples, they illustrate how business owners can leverage their experiences and connections to create fulfilling second acts after their exits.

    The episode emphasises the need for planning and self-reflection to ensure a vibrant future beyond business ownership.

    Takeaways

    Selling your business is just a transaction; building your life after is the real mission.

    Knowledge gained from years of experience is invaluable and should be leveraged after the exit.

    Skills developed in business are transferable to new ventures and opportunities.

    Networking is crucial; relationships built over the years can lead to new opportunities after exit.

    Resources, including time and capital, should be utilised wisely to create a fulfilling life after exit.

    Reputation is a key asset; it can open doors and create opportunities after selling a business.

    Planning for life after business is essential; don't wait until after the sale to think about your next steps.

    Your future can be a masterpiece if you take the time to refine and reinvent yourself after exiting.

    Don't just retire; find ways to stay engaged and passionate about your work.

    The five pillars provide a framework for a successful transition into the next chapter of life.


    Chapters

    00:00 Introduction to Business Exit Strategies

    03:12 The Importance of the Five Pillars

    04:56 Pillar One: Knowledge and Experience

    11:29 Pillar Two: Skills and Their Transferability

    21:00 Pillar Three: Networking and Relationships

    29:11 Pillar Four: Resources and Investments

    36:09 Pillar Five: Reputation and Integrity

    43:52 Massive Action Plan for Future Success


    "You can sell your business and create your best life."

    "Selling your business is just a transaction."

    "Turn your knowledge into income and impact."

    "Knowledge is currency, isn't it?"

    "Skills don't retire, do they?"

    "Your reputation is your business card in your second act."

    "This is not the end, it's just the end of chapter one."

    "Don't retire, don't fade away, refine, rebuild."

    "Your future, now that's the real masterpiece."


    Más Menos
    33 m
  • The Journey from Mortgage Broker to Marketing Strategist
    Apr 14 2025

    In this engaging conversation, Josie and David Fisher interview Nick Cree, a digital marketing expert, who shares his journey from being a mortgage broker to becoming a successful web developer and marketing strategist. Nick emphasizes the importance of curiosity in technology, understanding customer needs, and the disruptive nature of modern marketing. He discusses the role of AI in transforming business operations and the necessity of building systems and processes for success. The conversation also highlights the significance of community, visibility, and authenticity in marketing, encouraging listeners to embrace technology and explore new opportunities.


    • Curiosity in technology can lead to unexpected opportunities.
    • Understanding customer needs is crucial for effective marketing.
    • Disrupting traditional marketing norms can create a competitive edge.
    • Listening to customers helps articulate their hidden fears and desires.
    • AI tools can enhance marketing strategies and streamline operations.
    • Building systems and processes is essential for business success.
    • Visibility and authenticity are key in modern marketing.
    • Creating engaging content is easier with AI assistance.
    • Community building fosters deeper connections with customers.
    • Embracing technology is vital for staying relevant in business.


    00:00 Introduction to Digital Growth and Curiosity

    02:22 The Journey of a Mortgage Broker

    05:01 Disrupting the Mortgage Industry

    07:43 Understanding Customer Needs

    10:21 The Importance of Listening in Marketing

    12:45 Creating Engaging Content

    15:27 Selling the Mortgage Business

    17:41 Transitioning to Online Ventures

    20:35 The Freedom of Remote Work

    22:59 Exploring AI and Its Impact

    25:40 The Future of Marketing with AI

    30:18 The Power of Authentic Content Creation

    31:18 Underutilized Tools for Entrepreneurs

    34:38 Navigating AI Confusion

    37:27 Systems Over Tools: The Key to Success

    40:37 AI as a Replacement for Traditional Roles

    43:54 Embracing AI: Opportunities and Threats

    47:34 Building Community in a Digital Age

    49:32 Becoming Visible Online

    Más Menos
    58 m
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