As we continue our Tales from the 17% Club series, host Tom Bronson welcomes Jim Roddy, who transitioned his business over 20 years ago. Spoiler alert, Jim ultimately wound up closing the business and liquidating it, which of course is a type of business transition that unfortunately happens all too frequently. The two discuss the process of attempting to sell and the final outcome of liquidating the business. Listen now to hear tales from the 17% club, so you can successfully become a member someday!
Jim Roddy CBA works with high-initiative, growth-oriented companies throughout North America to help them uncover their blind spots with customers, employees, and business best practices. Company president Jim Roddy applies his 25+ years of business management experience, executive leadership, and industry expertise to help them get better. Our core purpose is to help companies improve their profits and achieve all their employee-development outcomes at a fraction of the cost of a typical full-time employee. As of June 2019, Jim is offering these services through his role at the Retail Solutions Providers Association as one of the association’s business coaches. Jim is also the author of The Walk-On Method To Career & Business Success: 31 Underdogs Who Became Extraordinary, which can be found on Amazon.
Tom Bronson is the founder and President of Mastery Partners, a company that helps business owners maximize business value, design exit strategy, and transition their business on their terms. Mastery utilizes proven techniques and strategies that dramatically improve business value that was developed during Tom’s career 100 business transactions as either a business buyer or seller. As a business owner himself, he has been in your situation a hundred times, and he knows what it takes to craft the right strategy. Bronson is passionate about helping business owners and has the experience to do it. Want to chat more or think Tom can help you? Reach out at tom@masterypartners.com or check out his book, Maximize Business Value, Begin with The Exit in Mind (2020).
Mastery Partners, wh
Mastery Partners
Elevating Businesses to Achieve The Business Owner’s Dream Exit
The unfortunate reality is that for every business that comes on the market (for whatever reason), only 17% of them achieve a successful exit. You read that right. 83% of attempted business transitions never reach the closing table. Mastery Partners is on a mission to change that. We ELEVATE businesses to achieve maximum value and reach that dream exit.
Our objectives are simple - understand where the business is today, identify opportunities for dramatic improvement, and offer solutions to enhance the business, making it more marketable and valuable. And that all starts with understanding the business owner’s definition of his or her dream exit.
Mastery has developed a 4-Step Process to help business owners achieve their dreams.
STEP 1: Transition Readiness Assessment
STEP 2: Roadmap for Value Acceleration
STEP 3: Relentless Execution
STEP 4: Decision: Now that desired results are achieved, the business is ready for the next step in the journey!
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