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
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:
Connect with The Savvy Founder:
Website – https://www.philiptopham.com
“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
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