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In this enlightening episode of "The Real Bottom Line," we delve deep into the concept of the 'end game' in business. What are your ultimate goals as an entrepreneur, and how do these objectives shape the strategies you employ in growing your business? Our host categorizes entrepreneurs into three types: those replacing a job, those funding a lifestyle, and the ambitious growth-seekers.
We explore five potential 'end games' or exit strategies that every entrepreneur should contemplate. From scaling your business, passing it on to family or employees, stepping up as the chairman of the board, or even closing up shop - we cover it all. Our host emphasizes the importance of creating a business that can thrive even in your absence, ensuring that you have various options available when deciding your business's ultimate path.
This episode is rich with insights, encouraging entrepreneurs to be strategic, consider the impact of their business decisions, and ultimately, maximize their end game opportunities. Whether you're just starting or looking to redefine your business journey, this episode is a crucial guide to understanding and planning for the future of your entrepreneurial venture. π
Show Notes
In this enlightening episode of "The Real Bottom Line," we delve deep into the concept of the 'end game' in business. What are your ultimate goals as an entrepreneur, and how do these objectives shape the strategies you employ in growing your business? Our host categorizes entrepreneurs into three types: those replacing a job, those funding a lifestyle, and the ambitious growth-seekers.
We explore five potential 'end games' or exit strategies that every entrepreneur should contemplate. From scaling your business, passing it on to family or employees, stepping up as the chairman of the board, or even closing up shop - we cover it all. Our host emphasizes the importance of creating a business that can thrive even in your absence, ensuring that you have various options available when deciding your business's ultimate path.
This episode is rich with insights, encouraging entrepreneurs to be strategic, consider the impact of their business decisions, and ultimately, maximize their end game opportunities. Whether you're just starting or looking to redefine your business journey, this episode is a crucial guide to understanding and planning for the future of your entrepreneurial venture. π
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Tired of money advice that feels complicated or out of touch?
Discover Freedom Files from Black Star Wealth β a bi-weekly dose of smart financial insights and real stories about building a life on your own terms.
Because freedom isnβt someday β itβs something you design.
Subscribe now at blackstarwealth.com/freedomfiles
Creators and Guests
What is The Number?
The Number is a business podcast about the numbers that actually run your business.
Each episode focuses on one number. Revenue, profit, cash flow, capacity, time, valuation, customer cost, risk, or exit readiness.
Hosted by Wendy Brookhouse, and often joined by Kelsey MacAulay, the show breaks down what that number means, why it matters, and how it should influence the decisions you make as an owner.
Some episodes feature guests. Some are honest conversations. Some are solo deep dives.
If you own a business and want better clarity, better decisions, and better outcomes, it starts with knowing your numbers.