Speaking Podcast Colin Sanburg's secrets on how to build and sell a company
Colin Sanburg is a multi-business owner and Founder of FinElevate
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About my Guest Colin Sanburg:
Colin Sanburg is a multi-business owner and Founder of FinElevate. This MBA-led strategic accounting firm helps business owners use their numbers to make money rather than simply better categorizing their expenses. As CEO and owner of manufacturing, distribution, and service businesses, he developed a passion for demystifying small business finance and supporting fellow entrepreneurs in achieving their dreams.
What we Discussed:
- Who is Colin Sanburg (1 min)
- What business did he get involved in at 21 yrs (2:45 mins)
- The advantage of doing an MBA after being in the work force (4 mins)
- What did the MBA cover (5:15 mins)
- Why they brought him to other countries in the MBA (6:30 mins)
- Sometimes the owner of a company does not evolve (7:45 mins)
- Challenges with small businesses with cashflow (9:15 mins)
- The dangers of using invoice disconting companies (11:30 mins)
- Should you give a discount for early paayment (14 mins)
- Using a Mastermind Group (15:45 mins)
- Different goals of mentor / mastermind groups (18 mins)
- Ensure you have structure in the Mastermind group (19:30 mins)
- The advice comes in thirds (22:30 mins)
- Begin with the Exit Strategy in a Business (23:30 mins)
- How to value the company (25 mins)
- What does Fin Elevate do (26 mins)
- How does he manage his time with a few companies (29:30 mins)
- Daily action lists (31:30 mins)
- How training helps productivity (34:30 mins)
- Book Recommendations (36 mins)
Where to find Colin Sanburg :
https://finelevate.com/ https://www.linkedin.com/in/colinsanburg/
https://www.facebook.com/colin.sanburg
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