Planning a Powerful Exit Strategy with Dan Andrews

Entrepreneurs on Fire

John Lee Dumas

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4.8 • 4.1K Ratings

🗓️ 7 May 2018

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dan Andrews has published a weekly business podcast since 2009. You can subscribe to the podcast on iTunes (or your favorite podcast app) by searching for “Tropical MBA.”

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Transcript

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0:00.0	What's shaken fire nation JLD here with an audio master class for you on planning a powerful exit strategy.
0:09.8	So if you're thinking about starting a business, you might one day want to sell.
0:13.2	If you're currently working at a business that you think you might want to sell or hey,
0:16.6	if you've already sold to business, you can probably commiserate with a lot of things we're going to be talking about today,
0:21.2	which is planning a powerful exit.
0:24.0	Because back in 2015, our guest today, Dan Andrews and his partner Ian Shown sold their product business,
0:31.2	which they built over the course of seven years.
0:33.2	They employed 15 people and it was a multi-seven figure a year business.
0:38.5	And they netted multi-seven figures in the sale.
0:42.0	And while they don't regret selling the business, there are many, many mistakes they made.
0:46.6	They were avoidable and that you should know before you start going down this path.
0:50.9	So no matter where you are in your stage as an entrepreneur, this fire nation is going to be very impactful for you.
0:56.8	Because we're going to be discussing the five thought experiments of one, the lifestyle ladder,
1:02.9	two, the mock tax rebate featuring the mediocre CEO test.
1:07.9	This one is sure to make you chuckle.
1:09.4	Three, the hidden upsides.
1:12.2	Four, the cash conundrum in five, the dirty secret, which as you'll see,
1:18.5	turns into the dirty secrets because there are more than one.
1:22.0	We also talk about business brokers, the pros, the cons, their agenda, and so much more.
1:28.4	So stick around.
1:29.6	And if you want the full shabang, everything that we didn't get to talk about in this almost one hour
1:34.3	interview, make sure to snag Dan's book before the exits.
	...

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