Chapter
Strategies for Growing and Selling Your Business
07:07 - 11:01 (03:54)
In this episode, the host discusses the different strategies for growing and selling a business, including talking to sellers and evaluating the time and money investments. She also touches on topics such as changing the relationship with money and creating a plan for the year.
Clips
The speaker advises startups to raise enough capital they need to grow their business and suggests having a clear understanding of the amount needed, its purpose, and from whom it will be obtained.
07:07 - 08:13 (01:05)
Summary
The speaker advises startups to raise enough capital they need to grow their business and suggests having a clear understanding of the amount needed, its purpose, and from whom it will be obtained. An ad for the Side Hustle Pro Podcast is included.
ChapterStrategies for Growing and Selling Your Business
EpisodeOne Question Friday: To Raise or Not To Raise?
PodcastMy First Million
The decision to raise money for a business depends on various factors including the industry, potential for growth, and individual goals of the entrepreneur.
08:13 - 08:53 (00:39)
Summary
The decision to raise money for a business depends on various factors including the industry, potential for growth, and individual goals of the entrepreneur. In specific cases, like dealing in niche industries, it may not be best to raise money as it can limit the decision-making power of the founder.
ChapterStrategies for Growing and Selling Your Business
EpisodeOne Question Friday: To Raise or Not To Raise?
PodcastMy First Million
When evaluating and potentially selling your business, focus on the amount of time and money it would take to make a desired amount of profit instead of solely prioritizing growth.
08:54 - 11:01 (02:07)
Summary
When evaluating and potentially selling your business, focus on the amount of time and money it would take to make a desired amount of profit instead of solely prioritizing growth. Talking to potential sellers can provide valuable insights about the value of your business.