Whether starting your own business or investing in one, you must strategize. In this episode, Chad Hyams talks about scaling, success, and selling your business with Kevin Stansfield, sales director and head of coaching at ActionCOACH and author of “The Big Dipper: How to Survive the Rollercoaster Ride Business Ownership.”
In this episode, we cover:
- Entrepreneurship and business coaching [2:50]
- Surviving the business rollercoaster [6:59]
- Getting clarity on the goal and success [8:30]
- Establishing IVVM (ideate, visualize, verbalize, materialize) [10:28]
- Which IVVM is the hardest? [13:05]
- Why is an exit strategy important? [15:40]
- Developing an exit strategy [17:19]
- Charting a 5-year growth plan [20:42]
- Why your business isn’t your baby [22:18]
- Scaling your business [24:05]
- Mastering finance, marketing, and people [31:29]
- Buying a business, not being the business [35:01]
- Using businesses to become financially free [37:30]
- Taking time out and assessing your business [40:40]
Connect with Kevin Stansfield:
Resources Mentioned in this Episode:
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