meta_pixel
Tapesearch Logo
Log in
Entrepreneurs on Fire

The Buyer of your Business is a Full-Time Predator and You're Part-Time Prey - Armor Up with Kirk Michie

Entrepreneurs on Fire

John Lee Dumas

Business, Careers, Entrepreneurship

4.84.1K Ratings

🗓️ 29 June 2022

⏱️ 24 minutes

🧾️ Download transcript

Summary

Kirk Michie is the founder of Candor Advisors. For more than 30 years, he has worked with entrepreneurs, closely held business owners, and high net worth families to achieve their strategic planning, liquidity, investment, and legacy objectives.

Top 3 Value Bombs:

1. Every successful business and every successful founder has figured out, whether through impulses or versions of scaling, how to make their business more successful. Just because your business is successful, doesn't mean it's valuable.

2. A lot of times, what the sellers really want is to do something else, be that retirement, or investment in another business, or to come to office less often, or not have the responsibility of managing people anymore, or not have to deal with environments and economic cycles.

3. When you're a successful entrepreneur, chances are, you have ignored overtime a lot of well-meaning but poor advise. And, your impulses which may or may not scale, has caused a lot of your success.

Visit Kirk's website - Candor Advisors

Sponsors:

HubSpot: Learn how to grow better by connecting your people, your customers, and your business at HubSpot.com!

Zapier: Connect all your apps, automate routine tasks, and streamline your processes! Try Zapier for free today at Zapier.com/fire!

Thinkific: Download your free report that reveals what the top 20% of course creators are doing right now to be so darn successful at Thinkific.com/firetrends!

Transcript

Click on a timestamp to play from that location

0:00.0

Boom!

0:01.0

Shade the room, Fire Nation!

0:04.7

JLD here and welcome to Entrepreneurs on Fire brought to you by the HubSpot Podcast

0:09.2

Network with great shows like The Hustle Daily.

0:12.8

Today we'll be sharing how the buyer of your business is a full-time predator in your

0:17.2

part-time prey.

0:18.8

Armor up to drop these value bombs.

0:21.0

I brought Kirk, Michi and the EO Fire Studios.

0:23.8

Kirk is the founder of Candor Advisors.

0:26.2

For more than 30 years he has worked with entrepreneurs, closely held business owners

0:29.6

and high network families to achieve their strategic planning, liquidity, investment

0:33.8

and legacy objectives.

0:35.6

In today Fire Nation we'll talk about regret.

0:37.8

The regret that sellers of private businesses have.

0:40.8

We'll talk about how private sellers leave substantially more on the table than they

0:44.9

should.

0:46.0

The six secrets to every successful sale and so much more when we get back from thanking

0:50.9

our sponsors.

0:52.2

Still think you can create an online course the same way you did five years ago.

0:56.4

Think again, Thinkific has looked at the top 20% of course creators to see what they're

1:00.6

doing now to be so darn successful.

1:03.6

Find out for yourself at thinkific.com slash fire trends.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from John Lee Dumas, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of John Lee Dumas and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.