How do you know whether exiting a business is the right decision? In this episode Damon Pistulka discusses topics ranging from time allocation for small business owners to an appropriate exit strategy for you.
Damon advises business owners to allocate 20% of their time to strategic planning.
- As businesses grow, owners must focus more on strategy, delegating operational tasks to their employees.
- Before diving into business ownership - entrepreneurs should understand their WHY and their entrepreneurial identity.
- Evaluate your business for exit via a straightforward method for valuing a business based on profitability and debts.
There is also a growing trend of search fund-based business purchasing and the preparation needed to attract search funders as buyers. Other options for exiting a business include employee stock ownership programs (ESOPs) and strategic buyers.
Damon highlighted upcoming initiatives with Exit Your Way and The Faces of Business podcast, including a cohort program for business owners preparing for exit and a livestream coaching program for B2B businesses in the manufacturing and industrial sectors. These initiatives provide structured guidance and digital platforms for business growth and branding.
Guest Links:
Damon Pistulka
https://www.linkedin.com/in/damonpistulka/
Exit Your Way Website
Faces of Business and Manufacturing eCommerce Success Podcasts
https://www.youtube.com/@ExitYourWay/playlists
Resources Mentioned:
Scale Architects - Scott Ritzheimer
https://www.scalearchitects.com/
Predictable Success - Les Mckeown
Scaling Up - Verne Harnish
Produced By:
Go Go GROW - B2B SMB Scale Up Coaching Podcast
Co-Host Dasha Tyshlek, Founder of StratCraft, Inc & Chief Strategy Officer
https://www.linkedin.com/in/dashatyshlek
Co-Host Michelle Page, Founder of SalesChasers LLC & Revenue Growth & Business Development Leader
