Thrive Scale to Sell with Jessica Fialkovich
Hey there, podcast fans! It's your host, Meridith Elliott Powell, back with another exciting episode of Thrive: Turning Uncertainty To Competitive Advantage. Today, we have a very special guest joining us, the founder of The Exit Factor, Jessica Fialkovich. Get ready to dive deep into the world of scaling and growth as we discuss how to build a business that allows you to live life on your own terms.
But before we jump into the conversation, let me give you a sneak peek into Jessica's incredible journey. Raised in a family that didn't believe in owning a business, Jessica defied the odds and followed her passion for entrepreneurship. After facing the challenges of the 2008 recession, she realized that taking control of her own future was the key to protecting it. Alongside her husband, Jessica founded a luxury wine retailer, successfully scaling the business over three years. However, through this experience, she learned some valuable lessons about leaving money on the table and not protecting the brand's legacy during the transition.
Taking these lessons to heart, Jessica entered the world of mergers and acquisitions, assisting small to mid-sized business owners in preparing for and selling their companies.
During our conversation, we explore the importance of always being prepared to sell your business, even if it's not your immediate plan. Burnout and personal circumstances can often lead to unexpected decisions, and being in a position to sell can offer peace of mind and financial security. Jessica shares her insights on the role of emotional intelligence and the need to constantly assess your business's sellability in order to optimize its value.
But that's not all! We also dive into the founding of Jessica's latest venture, The Exit Factor. This innovative company provides a systematic process for positioning businesses to be sold at any time for maximum value. Through comprehensive evaluations, financial optimization, documenting processes, and implementing growth plans, Jessica and her team empower entrepreneurs to not only prepare their businesses for sale but transform them into thriving enterprises.
So, if you're ready to learn the secrets of scaling, preparing for exit, and navigating the ever-changing business landscape, you won't want to miss this episode of Thrive: Turning Uncertainty To Competitive Advantage. Tune in and get ready to thrive!
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