175 – How to build a business for exit

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How to build a business for exit

If this topic is ‘up your alley’, you might want to check out some of our other podcast that kind or relate to this one.

  1. Building a model that is scalable – Fares Elsabbah [LINK]
  2. Lack of focus on Gross Profit Margin – Danny Kerr [LINK]

About this podcast

How many times have you heard from a coach, or in a podcast, or read in a book, the old cliché saying, “you should always begin with the end in mind!”

We all go into business for various reasons. Sometimes it’s for the right reasons and sometimes, it’s not. Either way, for the majority of us, we don’t have a clear path to exit. In this podcast, we learn about the art of building a business with an exit strategy from a man that has done it, is doing it and now teaches tradies and contractors to do just that.

“Why the heck what I want to build a business to exit it?”, you might be asking.

Having a defined goal on the strategy behind leaving a business is a very powerful tool in a business’s arsenal. It’s appealing to investors, it’s appealing to partners and it keeps the organisation on a clear path.

The reality is, however that the chance of someone wanting to acquire your business is very low.

Why? Well, simply because most businesses are not set up to be purchased. They don’t have the correct processes in place, they don’t have the right team in place and they don’t have a business system that can be taken over by another person, or organisation.

In today’s podcast, we learn how to set out from the beginning with the end in mind. It’s a very powerful lesson and one I hope you implement.

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Reviews

The Site Shed is one of the best online communities and podcasts for tradies out there. The free content provided to members is unbelievable - offering invaluable advice to run a successful business, and the community of tradies is truly awesome. Do yourself a favour and check it out.

Peter Cox Business Man

Great work Matt with all the podcasts and the site shed facebook community group. The amount of information that you can learn for free in this space is unbelieveable. It's great to see like minded contractors and trades trying to improve their businesses and also share ideas and help others. Highly recommend. Thanks!

Ben Hern Business Owner

I have been listening to the pod casts for a few months now, I can't get enough of all the awesome content that you guys provide. Especially when you guys deliver it from a trade perspective which helps out a lot. Keep up the good work and hopefully one day I can afford one of the trade training trips.

Ché Henton Customer

I own a construction company,and i love learning how to make my bussiness more competitive,profitable and how to better serve my clients. The site shed is a wonderful place to get invaluable knowledge no matter your trade .

Michael Mullinax Construction Company Owner

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