Enterprise Value – How to Achieve Financial Freedom

Why 80% of Service Businesses Never Sell (And How to Build Yours Different From Day One)

For most service businesses, the story starts the same way. Mike runs a pool contracting company in Phoenix. Built it up to $1.8 million annually over 14 years. Installs about 45 pools a year. Has 8 employees. Drives a nice truck, lives in a beautiful house, takes family vacations. Last month, he called me, ready […]

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Making M Wasn’t Enough (Here’s What Was Missing)

Making $10M Wasn’t Enough (Here’s What Was Missing)

In this episode, we explore the path to achieving DecaMillionaire status with Justin Goodbread and his guest, Dr. Thomas J. Powell. Together, they discuss the essential frameworks and strategies needed to scale a service-based business beyond $10 million in enterprise value. Tune in as they share valuable insights on clarity, alignment, stewardship, and the importance

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Why 71% of Business Owners Accept Below-Market Offers (And Leave 0K+ on the Table)

Why 71% of Business Owners Accept Below-Market Offers (And Leave $500K+ on the Table)

Most business owners think their company is worth what they paid themselves last year. That’s exactly backwards, and it’s one big reason why so many accept below-market offers, costing them hundreds of thousands at exit. I just reviewed BizBuySell’s 2024 Small Business Market Report, showing that while the average service business sold for 4.2 times

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