Ep 37: Even Startup Founders Need an “Exit Rich” Mindset- with Michelle Sieler Tucker

Ep 37: Even Startup Founders Need an “Exit Rich” Mindset- with Michelle Sieler Tucker

In this episode of The Savvy Founder, I have a great conversation with Michelle Seiler Tucker, author of “Exit Rich: The 6 P Method to Sell Your Business for Huge Profit. 

Founders might think building a great business begins with the idea, but Michelle says to “Exit Rich” begin with the exit in mind.  To have a great exit there are 6 P’s that every business needs.

  • Why is “People” first on the list?
  • What’s important about your “Product”?
  • Managing the “Process” not people.
  • Using “Propriety” to protect your business with a competitive moat 
  • Maximizing customers diversity or “Patrons” to reduce risk
  • A lack of “Profits” is always a symptom of not operating on one of the five Ps correctly

Michelle’s Exit Rich book is available; and if purchased on her https://exitrichbook.com/ site includes a lifetime membership to the Exit Rich book club and includes access documents to help you run your business including samples for letters of intent, org charts, policies, and procedure manuals, non-compete contracts, purchase agreements, due-diligence checklists and lots more.  The book is also available on Amazon.

Michelle Seiler Tucker is the Founder and CEO of Seiler Tucker Incorporated. She holds the M&AMI (Mergers & Acquisitions Master Intermediary) title, as well as Certified Mergers and Acquisitions Professional (CM&AP) and Certified Senior Business Analyst (CSBA). Michelle also owns many other businesses in several different industries. As a 20-year veteran in the M&A industry, she is regarded as the leading authority on buying, selling, fixing, and growing businesses. She and her firm have sold over a thousand businesses in almost every vertical and have a remarkable track record of success. 

LinkedIn – https://www.linkedin.com/in/michelleseiler

Facebook – https://www.facebook.com/michele.seilertucker  

Instagram – https://www.instagram.com/michelleseilertucker

Twitter – https://twitter.com/MSeilerTucker  

TikTok – @michelleseilertucker 

Philip Topham is The Savvy Founder. Philip has an inquisitive mind and a passion for ideas. He’s impatient to see tomorrow’s future today. He helps technical founders build the business they want. He helps established businesses tap into their start-up founder to conquer a changing world.  With more than 25 years across start-ups and corporate roles, Philip has been everything from janitor to the Founder and Chief Everything Officer.

Words of Wisdom

  • Ideas are worthless; revenues are priceless; surround yourself with smart people.
  • Life is a journey – mole hills or mountains? it’s your choice.

Talk to The Savvy Founder:

https://thesavvyfounder.youcanbook.me

Connect with The Savvy Founder:

LinkedIn – https://www.linkedin.com/company/thesavvyfounder

Facebook – https://www.facebook.com/thesavvyfounder

Website – https://www.philiptopham.com

Resources

 “10 Most Fixable Pitch Deck Mistakes” https://pitchdeck.thesavvyfounder.com

 “Savvy Secrets – How I can find any business $100K in 45minutes” https://www.thesavvyfounder.com

Practical Business Training

https://www.thesavvyfounderacademey.com

Thanks for listening!
Thanks so much for listening to our podcast! If you enjoyed this episode, share it with a fellow founder and business owner, so they took can shorten their journey, and build their business quicker.

Do you have some feedback or questions about this episode? Leave a comment in the section below!

Follow the podcast
If you would like to get automatic updates of new podcast episodes, you can follow the podcast on Apple Podcasts or on your favorite podcast app.

Leave us a review
Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review.

Working with Universities, Industry, and Students together we invest funding and resources in industry sectors that are key to America’s economic growth. The Kolena Group explores the equitable and meaningful work-based learning activities embedded in a students Orchastrated Career Transformation. This alignment ensures students graduate college and career ready to become entrepreneurs or business operators since they are so critical to the economic development as contributors to innovation and new job growth. The integrated programs of study below connect the dots between what students are learning and how they will use those skills in a future career.

Additional Reading you might enjoy by Category