exitrich

Melinda Wittstock is a five-time serial entrepreneur and the CEO and Founder of the world’s first social and gamified podcast app and player, Podopolo. Today, as people grieve those lost to Coronavirus and struggle with lost jobs or businesses, Melinda shares her daily gratitude practice that sparked her success by helping her find alignment with her true passion and purpose. Join Melinda to learn how to use gratitude practically in your life – and to learn what she is grateful for today.

Assets are Sexy, Build a Business and Exit Rich. Sharon Lechter, CoAuthor Rich Dad Poor Dad, Personal Success Equation Speaker Mentor is interviewed by David Cogan, founder of Eliances and famous celebrity Host of the Eliances Heroes Show. www.personalsuccessequation.com www.eliances.com 

Assets are Sexy, Build a Business and Exit Rich. Sharon Lechter, CoAuthor Rich Dad Poor Dad, Personal Success Equation Speaker Mentor is interviewed by David Cogan, founder of Eliances and famous celebrity Host of the Eliances Heroes Show. www.personalsuccessequation.com www.eliances.com 

On the show today, we have Sharon Lechter, financial literacy expert, keynote speaker, New York Times Bestselling Author, and has 26 books over her 35-year career as a CPA. She has advised 2 presidents on financial literacy and co-authored the International Bestselling series Rich Dad Poor Dad. She was tasked with reenergizing the teachings of Napoleon Hill and worked closely with his organization to promote financial literacy.

Sharon narrates her career journey from a CPA to becoming financially free at 38 and how she learned to take on new opportunities.

In this episode, we talk about Sharon’s latest book Exit Rich and how it’s designed for entrepreneurs preparing for their exit plan. Listen in to learn the importance of having proper business systems and processes to grow your business and better position yourself for a worthy exit.

Some Questions Asked:

• [3:27] How did you end up on the path of teaching financial literacy?
• [15:04] Talk to us about why you wrote Exit Rich and the things it can do for business owners.
• [34:31] Who is the Exit Rich book written for?
• [39:41] As you expand your impact, what are you driving to?
• [42:33] If you could tell the world one thing, what would it be?

In This Episode You Will Learn:

• [3:38] Sharon narrates her career journey from accounting to Rich Dad Poor Dad to advising two presidents and other opportunities.
• [15:12] How the Exit Rich book will help you position your business in the best light and the best opportunity available.
• [17:08] The factors to consider about your potential business buyer before they even approach you.
• [19:01] The six pieces you need to have in place in your business as part of your exit plan.
• [26:18] The importance of having systems in place in your business and someone to help you.
• [27:50] Sharon talks about the business model of eXp Realty and the value of investing with them.
• [30:36] The importance of owning what you pay for to avoid future issues.
• [34:36] How the Exit Rich book will help you build a strong and versatile business that becomes an asset.
• [39:48] Sharon on her goal of elevating people to reach their greatest potential.
• [42:35] Learn to create the world that you want by making beneficial future choices.  
• [43:28] Sharon’s greatest business mistake and how it became her life’s greatest value.  
• [45:31] How fear drives people to failure and self-sabotage, plus how to find the faith to go after success. 

 Quotes:

• “Sometimes you have to close a door for other doors to open.”- Sharon [8:27]
• “We are all where we are because of the choices we made before today, if you want something different in life, simply make different choices and go out and create the success you deserve.”- Sharon [42:57]
• “A failure is an occurrence, not a definition, and it’s a learning opportunity for you to not repeat it but to help others avoid it as well.”- Sharon [45:03]

 Contact Sharon: www.sharonlechter.com

Social Handles:

• Facebook: @authorsharonlechter
• Twitter: @sharonlechter

_____________________________

What can you do today? To Be Productive. Effective. Perform at your best. Even now.

Are you struggling to stay focused? If you have the right framework, it takes the guesswork out of Productivity.

Get our FREE mini-series 4 Steps: Doing More in Less Time

Visit pivot-me.com/4Steps to get it TODAY!

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On the show today, we have Michelle Seiler Tucker. She is the Founder and CEO of Seiler Tucker Incorporated. She holds the Mergers & Acquisitions Master Intermediary title, as well as Certified Mergers and Acquisitions Professional and Certified Senior Business Analyst (CSBA). As a 20-year veteran in the M&A industry, she is regarded as the leading authority on buying, selling, and growing businesses. She and her firm have sold over a thousand businesses and have a remarkable track record of success. She is featured in INC, Forbes, Entrepreneur Magazine, and USA Magazine. Michelle is an international keynote speaker and makes regular radio and TV appearances.

Michelle talks about her background in mergers and acquisitions plus why she believes that an exit plan should be in place on the first day of owning a business.

We talk about the 6Ps on how to build a sustainable, scalable, and sellable business. Listen in to learn the reasons why some businesses sell and others don’t, plus why you as the owner could be the reason your business isn’t growing.

Pivotal Questions Asked:

• [3:23] Can you tell us how you got into this type of work to begin with?
• [5:31] Talk to us about the reasons why some of the businesses don’t sell and some sell.
• [17:45] Can you walk us through the next piece, which is the 6Ps?

In This Episode You Will Learn:

• [5:39] Exit Rich- why businesses must continue innovating and marketing or end up complacent like Toys R Us, Blockbuster, Kmart, and Steinmart.
• [8:55] Change your mindset and start planning your exit from day one of buying/ starting a business.
• [13:10] The five types of buyers and how to choose the right one for your business.
• [31:10] How to build your business processes around the customer experience as McDonald’s did.
• [37:37] The power of proprietary assets i.e., branding, trademark, patents, contracts, and synergies as the highest value drivers of your business.  
• [42:00] The importance of having a transferability clause on your contracts for the benefit of selling your business.
• [45:35] Patrons- the dangers of customer concentration when it comes to selling your business.
• [47:28] Profits- why you need to focus on the above-mentioned 5Ps to be profitable.
• [49:04] Michelle talks about the contents and concept of her upcoming book Exit Rich.

Quotes:

• “Trying to sell your business during a catastrophic event is the worst time to ever sell your business because you’ll never maximize value.”- Michelle [9:18]
• “Treat your business as the most valuable asset that it is and plan your exit from day one of buying or starting a business.”- Michelle [10:17]
• “You don’t build a business; you build people, and people build a business.”- Michelle [18:22]
• “You sell when your business is in its prime because businesses go through life cycles just like humans.”- Michelle [25:18]
• “The biggest reason why businesses don’t sell is because the data is in the owner’s head and not on paper.”- Michelle [35:45]

Contact Michelle: https://seilertucker.com/

Social Handles:

• YouTube: https://www.youtube.com/watch?v=A1InzjNpYgU&t=1s
• Facebook: https://www.facebook.com/michelletuckerinternational/
• Instagram: https://www.instagram.com/michelleseilertucker/

What can you do today? To Be Productive. Effective. Perform at your best. Even now.

Are you struggling to stay focused? If you have the right framework, it takes the guesswork out of Productivity.

Get our FREE mini-series 4 Steps: Doing More in Less Time

Visit pivot-me.com/4Steps to get it TODAY!

👉👉 Connect with me here: 

• Website: https://www.pivot-me.com
• YouTube: https://www.youtube.com/c/AprilGarciaPivotMe
• Instagram: https://www.instagram.com/theAprilGarcia/
• Facebook: https://www.facebook.com/theaprilgarcia

Michelle Seiler Tucker is a 20-year veteran in mergers & acquisitions, selling hundreds of businesses. Recognized as a leading authority on buying, selling, fixing, and growing businesses, Michelle sees opportunity where many are discouraged or have given up. Her passion is to save businesses that might otherwise close. Today she shares why it is never too early to plan your exit, as well as how she closes nearly 98% of all written offers and, on average, obtains 20-40% above the asking price for her clients.

In today's episode, I'm speaking with Michelle Seiler Tucker, the best-selling author. and the leading authority when it comes to buying, growing, fixing any type of business. We’re talking about exit strategies and setting your business up now so that you have a sellable business rather than a business dependent on you to run it.

Here are the highlights from the episode:

{2:21} How now is a great time to start a company

{5:33} The number one reason companies are closing down after COVID is that the industries they're in are dying

{07:51} Selling your business when it's in its prime

{09:50} How to make the transition from you being your company to having a sellable business

{11:51} Seeing your business as your most valuable asset and set it up for success

{13:19} Creating your exit plan using the GPS exit model

{16:02} The 5 types of buyer

{22:24} The biggest challenges for businesses over the next year

{28:42} Michelle's final words of inspiration

Connect with Michelle at www.seilertucker.com

Connect with Dawn: 

Instagram @dawnmcgruer and @businessconsort

Facebook page https://www.facebook.com/dawnamcgruer

Linkedin https://www.linkedin.com/in/businessconsort/

Web: www.dawnmcgruer.com

Are you looking to buy, sell or grow your business? In this episode of the ROI Online Podcast, CEO and author Michelle Seiler Tucker talks about the foundations you need to build a sustainable, scalable, and saleable asset.

Michelle has over 20 years of professional experience and over thousands of businesses bought and sold, she is the CEO & founder of Seiler Tucker—The Business Authorities where Michelle and her team focus on helping fix, sell, grow, or buy a business. She’s also the author of Exit Rich, The 6P Method To Sell Your Business For Huge Profit.

As an entrepreneur, you don’t want to build just a business, but a legacy for you and your family now and in the future. And if you do it right from the start, down the road you’ll have a successful and saleable asset.

Among other things, Michelle and Steve discussed:

• Whether you should sell your business or keep it
• How to prepare to sell your business
• How to value a business in order to sell it
• Why you shouldn’t sell your business without a broker
• Whether it’s possible to sell a business that is not profitable

You can learn more about Michelle here:

https://seilertucker.com/

Follow Michelle on LinkedIn

Read the books mentioned in this podcast:

The Golden Toilet by Steve Brown

Sell Your Business for More than It’s Worth by Michelle Seiler Tucker

Exit Rich by Michelle Seiler Tucker

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Our guest this week, Michelle Seiler Tucker discusses:

Her love for writing

Climbing the ranks at Xerox at record speed

How she became "The Closer".

Michelle's new book, "Exit Rich"

In addition, Michelle shares her Money Saving Strategy, Spiritual Practice, Exercise Routine, Favorite Book, Favorite Place to Visit, Favorite thing to cook and Favorite Charity to Give back to!

Michelle Seiler Tucker is a 20-year veteran in mergers & acquisitions, selling hundreds of businesses. Recognized as a leading authority on buying, selling, fixing, and growing businesses, Michelle sees opportunity where many are discouraged or have given up. Her passion is to save businesses that might otherwise close. Today she shares why it is never to early to plan your exit, as well as how she closes nearly 98% of all written offers and, on average, obtains 20-40% above the asking price for her clients. Join the conversation on the Podopolo podcast app.