Month: December 2021

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79. Eight Things You Can Do To Turn Your Service Into A Product

79. Eight Things You Can Do To Turn Your Service Into A Product

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During the pandemic, business owners had to adapt their products and services. What if you could create a product out of your service?

In this episode, Tim Scannell shares eight things you can do to create a product out of your services. Many people are shopping online and prefer not to go in-store, creating a product that consumers can take home could be great for small businesses. 

Tim discusses:

  • How business owners adjusted their products and services during the pandemic
  • How small businesses have been impacted by the pandemic
  • Why most businesses could create a product consumers could bring home
  • Eight things business owners can do to create a product out of your service
  • And more

Connect With Tim Scannell:

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78. Valuing Your Business Is Not Rocket Science

78. Valuing Your Business Is Not Rocket Science

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There are plenty of non-business related things business owners think about when planning their exit. Numbers are critical, but they’re not everything. Valuing your business is not rocket science, it’s more personal.

In this episode, Tim Scannell looks at reasons for why business owners choose to exit, their personal motivations, whether there’s an event that inspires it, or it’s just their time to leave. Tim looks at how these choices affect the sale price.

Tim discusses:

  • What is an owners personal motivation for exiting
  • Why you shouldn’t exit based on emotion, and how you can deal with burnout
  • How business owners can deal with their identity post-sale
  • How employee wellbeing and ownership structure critically affect your sale value
  • And more

Connect With Tim Scannell: