How2Exit: Buy, Don't Build - M&A of Small Businesses E192: John Seiffer's Insights on Systemizing and Exiting Companies Without Selling
Mar 1, 2024
56:06
Today's Primary Sponsor is Snowball - www.Snowballclub.com - A private community of entrepreneurial investors helping each other.
About the Guest(s):
John Seiffer is a business coach and author with extensive experience in helping business owners systemize their companies and improve their overall operations. He has been coaching business owners since the late 1990s and is known for his expertise in helping entrepreneurs exit their companies without selling them. John is the author of the book "Output Thinking" and is the founder of CEO Bootcamp.
Summary:
In this episode, Ronald Skelton interviews John Seiffer, a business coach and author, about the concept of exiting a company without selling it. John shares his own experience of systemizing his company and reducing his involvement to just a few hours a month, which allowed him to focus on other interests and ultimately exit the company on his own terms. He explains the importance of defining outputs and creating systems within different areas of the business, such as production, sales, support, and growth. John also discusses the value of documenting standard operating procedures (SOPs) and utilizing technology to streamline processes. By implementing these strategies, business owners can increase the value of their companies and create more freedom for themselves.
Key Takeaways:
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Contact John on
Linkedin: https://www.linkedin.com/in/johnseiffer/
Website: http://www.ceobootcamp.com/
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How2Exit Joins IT ExchangeNet's Channel Partner Network!
-Why IT ExchangeNet?
Since 1998, IT ExchangeNet has created $5 billion in value by selling more than 225 IT businesses in 20 countries. IT ExchangeNet works exclusively with IT-enabled businesses generating between $5M and $30M who are ready to be sold, and M&A decision-makers who are ready to buy. For over 25 years IT ExchangeNet has developed industry knowledge that helps them determine whether a seller is a good fit for their buyers before making a match.
"Out of all of the brokers I've met, this team has the most experience and I believe the best ability to get IT service businesses sold at the best price" - Ron Skelton
The IT ExchangeNet M&A Marketplace we partnered with has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms, and channel partners in the Microsoft, Oracle, ServiceNow, and Salesforce space.
If you are interested in learning more about the process and current market valuations, complete the contact form and weβll respond within one business day. Everything is kept confidential.
Are you interested in what your business may be worth? Unlock the value of your IT Services firm, visit https://www.itexchangenet.com/marketplace-how2exit and complete the contact form.
Our partnership with IT ExchangeNet focuses on deals above $5M in value. If you are looking to buy or sell a tech business below the $5M mark, we recommend Flippa.
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π°If youβd like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/
βΊVisit Our Website: https://www.how2exit.com/
π§For Business Inquiries: Me@4sale2sold.com
Don't Forget to SUBSCRIBE to the How2Exit channel and press (π) to join the Notification Squad and stay updated with new uploads.β¨
ππ»SUBSCRIBE HERE
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Β» Newsletter - http://deeper.how2exit.com/
#How2Exit # # πThanks for watching! π
Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.
About the Guest(s):
John Seiffer is a business coach and author with extensive experience in helping business owners systemize their companies and improve their overall operations. He has been coaching business owners since the late 1990s and is known for his expertise in helping entrepreneurs exit their companies without selling them. John is the author of the book "Output Thinking" and is the founder of CEO Bootcamp.
Summary:
In this episode, Ronald Skelton interviews John Seiffer, a business coach and author, about the concept of exiting a company without selling it. John shares his own experience of systemizing his company and reducing his involvement to just a few hours a month, which allowed him to focus on other interests and ultimately exit the company on his own terms. He explains the importance of defining outputs and creating systems within different areas of the business, such as production, sales, support, and growth. John also discusses the value of documenting standard operating procedures (SOPs) and utilizing technology to streamline processes. By implementing these strategies, business owners can increase the value of their companies and create more freedom for themselves.
Key Takeaways:
- Systemizing a company and reducing the owner's involvement can increase its value and create more freedom for the owner.
- Defining outputs and creating systems within different areas of the business is essential for scalability and efficiency.
- Documenting standard operating procedures (SOPs) and utilizing technology can streamline processes and improve productivity.
- Outsourcing or delegating tasks can free up the owner's time and allow them to focus on higher-level strategic activities.
- Exiting a company without selling it requires careful planning and the development of a strong management team.
--------------------------------------------------
Contact John on
Linkedin: https://www.linkedin.com/in/johnseiffer/
Website: http://www.ceobootcamp.com/
--------------------------------------------------
How2Exit Joins IT ExchangeNet's Channel Partner Network!
-Why IT ExchangeNet?
Since 1998, IT ExchangeNet has created $5 billion in value by selling more than 225 IT businesses in 20 countries. IT ExchangeNet works exclusively with IT-enabled businesses generating between $5M and $30M who are ready to be sold, and M&A decision-makers who are ready to buy. For over 25 years IT ExchangeNet has developed industry knowledge that helps them determine whether a seller is a good fit for their buyers before making a match.
"Out of all of the brokers I've met, this team has the most experience and I believe the best ability to get IT service businesses sold at the best price" - Ron Skelton
The IT ExchangeNet M&A Marketplace we partnered with has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms, and channel partners in the Microsoft, Oracle, ServiceNow, and Salesforce space.
If you are interested in learning more about the process and current market valuations, complete the contact form and weβll respond within one business day. Everything is kept confidential.
Are you interested in what your business may be worth? Unlock the value of your IT Services firm, visit https://www.itexchangenet.com/marketplace-how2exit and complete the contact form.
Our partnership with IT ExchangeNet focuses on deals above $5M in value. If you are looking to buy or sell a tech business below the $5M mark, we recommend Flippa.
--------------------------------------------------
π°If youβd like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/
βΊVisit Our Website: https://www.how2exit.com/
π§For Business Inquiries: Me@4sale2sold.com
Don't Forget to SUBSCRIBE to the How2Exit channel and press (π) to join the Notification Squad and stay updated with new uploads.β¨
ππ»SUBSCRIBE HERE
https://www.youtube.com/channel/UC_ONnhwaKSTPFt2nOxKoXXQ?sub_confirmation=1
πππ§π ππ¨ π¬ππ π¦π¨π«π ππ¨π§πππ§π π₯π’π€π ππ‘π’π¬...?
β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬
π Like the video (it helps a ton!)
π¬ Comment below to share your opinion!
π Share the video with anyone you think might help :) β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬
π±Stay Tuned On Our Social Media :
Β» Linkedin - https://www.linkedin.com/in/ronskelton/
Β» Twitter - https://twitter.com/ronaldskelton
Β» Facebook - https://www.facebook.com/How2Exit
Β» Newsletter - http://deeper.how2exit.com/
#How2Exit # # πThanks for watching! π
Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.