Month: January 2022

Raising Your Business Like Your Child (Ep. 81)

Raising Your Business Like Your Child (Ep. 81)

Have you ever thought about nurturing your business like a child, so that when it comes time for you to exit the business, it can be independent and stand on its own?

In this episode, Tim Scannell discusses how raising your business as if it were your own child can maximize your value for your exit plan. Tim discusses how having the mentality of raising your business like your child will lead to you being more prepared to exit, and so will your business.

Tim discusses:

  • Why people become entrepreneurs
  • Wealth enhancement as you prepare to exit
  • What it means to raise your business like your children
  • How raising your business like your child helps to make you more ready to exit
  • And more

Connect With Tim Scannell:

 

80. The Switzerland Discount

80. The Switzerland Discount

As a business owner, there are three things you don’t want to be overly reliant on when setting up and structuring your business.

In this episode, Tim Scannell introduces us to the Switzerland discount, explaining why you want to avoid being Switzerland when it comes to your business. Tim details three things business owners should not be overly reliant on, and explains why being reliant on key customers, a key employee, or a key supplier can be problematic, especially when it comes time to exit your business.

Tim discuss:

  • What the Switzerland discount is and how many business owners fall into the trap
  • Three things business owners don’t want to be completely reliant on
  • How to avoid being overly reliant on a key supplier
  • And more

Connect With Tim Scannell: