In Ep. 53 of the #FoundersGuidePost Podcast, I sat down with John McAdam, managing partner of Pioneer Business Ventures, to discuss practical strategies for growing and exiting a business. John explains the importance of having a clear value proposition, setting strategic goals, and focusing on business planning to drive growth.
For business owners planning their exit, John shares key tips on improving profitability, knowing your company's true market value, and identifying potential buyers early.
He also covers retirement planning, using tools like annuities to ensure financial stability after the sale. This episode offers actionable advice for those looking to grow their business and prepare for a successful exit.
What You'll Learn:
Business Growth and Planning: John emphasizes the importance of a clear value proposition, strategic planning, and setting milestones to drive business growth. Highlighting that business owners must work on their business, not just in it.
Exit and Succession Strategies: How and when to prepare for a successful business exit, including boosting profitability (EBITDA), knowing the true market value of the business, and identifying potential buyers early.
Retirement and Financial Stability: The importance of planning for a sustainable post-exit lifestyle and how business owners can align their financial goals with their long-term personal and family needs.
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Links & Resources:
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Have a question for John? Give him a call at (609) 460-4531
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