Episode 22 - Mike Gelfgot (Pt.1)

On this Podcast Episode we have a fantastic speaker in Mike Gelfgot. Our speaker talks about managing 23 branches of his business and shares the benefit of managing multiple branches. He then talks about how independent business owners can sell their business at the highest prices and talks deeper by pointing out three key points in successfully selling your business. He gets to talk about how he and two other business partners successfully ran their business together for 15 years and talks about how important decisions were made within the business between the three of them. He talks about the three main characteristics within him and his business partners that kept them together and ultimately made their business successful. Mike then finishes of this episode on giving a tip when handling mistakes that were made.

 

 

5:04 - 5:27 Mike Gelfgot talks about how having 23 places to manage also has its beneficial side

 

28:05 - 29:08 How independent owners can sell their business at the highest profit.

 

30:07 - 30:40 Three key points in successfully selling your business

 

35:52 - 36:49 Mike talks about how he and 2 other business partners worked together successfully for 15 years

 

37:14 - 38:02 Mike talks about how decisions are made with multiple business partners

 

41:04 - 42:18 Mike talks about his business partners and the three main things that they agreed on that kept them together

 

51:07 - 51:23 Tips on Mistakes