Doris Valade On How To Create A Successful Exit (#012)

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Doris Valade On How To Create A Successful Exit

"As entrepreneurs we don't see risks, we see opportunities." 

- Doris Valade

Doris Valade is a high performing operations-management business professional. Doris sold her business, Malabar Super Spice Company, in 2018. Malabar Super Spice is a company that Doris built from the ground up. With almost four decades of experience, Doris now helps companies maximize business results.

SHOW NOTES

• The importance of finding and solving a business problem
• Why no customer is too small
• The power of performing every role in your company before hiring employees
• Why you must review your pricing on a regular basis
• The down side of growing too fast
• How resilience trumps resources
• How Doris went from zero to hero by specializing
• The importance of having a long-term plan for you and your business
• Why it's important to know what you're not good at and to hire a specialist to take over that role
• How Doris' company prospered when she fired herself in the roles of HR and marketing and hired people
• The importance of a business coach
• How Doris made more money on her exit by getting several quotes before hiring advisors
• The important lesson Doris learned on how she was not the priority for her advisors
• The on key thing Doris did to protect herself from her advisors and to look after her needs
• Do not assume your advisors know more than you, especially when it comes to your company
• Why Doris never viewed her business as a child and the important in this mindset
• How having several buyers to choose from made all the difference for Doris
• The importance of learning every detail in the agreement to buy your company
• Lessons learned for Doris that benefits you of what not to do in your exit
• Why it's important to put a time limit on how long you'll stay in your company after you sell
• How Doris put things in perspective about challenges after a trip to Kenya

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