In this episode of Welcome to Eloma, Carrie Kerpen, Former CEO and Founder of Likeable, talks about the process of preparing a business for exit and successfully negotiating an eight-figure sale. Kiley and Carrie emphasize the importance of building a business with the end in mind and creating scalable, repeatable processes. Carrie shares her experience of staying committed to her business for 14 years and the challenges she faced along the way. Also highlighted in this episode is the significance of finding the right partner and ensuring a smooth transition for the team and culture.

Moreover, Carrie Kerpen shares her insights and advice on building a successful company and preparing for an exit. Carrie also discusses the value of taking risks, building confidence, and always asking questions. Understanding the economics of your business and focusing on scalable and repeatable offerings are crucial for growth. Carrie believes that building the best possible team and finding joy in your work is the most essential thing for long-term success.

Carrie's ultimate goal is to help women entrepreneurs make as much money as possible and leave a positive legacy.

Quotes

• “Your business is part of your legacy. So if you're selling your business, you are entrusting part of your legacy to a new owner. And that's a really big deal, especially for women. I mean, men too, of course, but I think for women, we put our every ounce of everything into those businesses, our heart, our soul, our, you know, and so. You know, if you're selling it to someone, it better be a good legacy for you.” 14:01
• “Focus on what is scalable and repeatable. Because if you are, and this is specifically for services businesses, a lot of the time, if you are just charging by the hour and doing whatever somebody wants, yeah, it's the fastest road to burnout there is. You have to say, this is my program. This is my offering. This is how it works.” 27:26
• “There's not a moment in your entrepreneurial journey that will not pass, good or bad. There's not a moment in your home life, good or bad, that will not pass. Time is your friend and is also not your friend. There's never anything that lasts forever, nothing good lasts forever and nothing bad lasts forever.” 35:47

Links

Connect with Carrie Kerpen:

Social Media Handles: @carriekerpen on all social platforms

Website URLS: www.carriekerpen.com

Email: carriekerpen@gmail.com

Connect with Kiley

Learn more at WelcomeToEloma.com

Work with us at RAYNEIX.com

Newsletter Signup: RIXNewsletter.com

Linkedin: Kiley Peters & RAYNE IX

Instagram: @kileypeters & @rayneix

Email: info@rayneix.com

In this episode of Welcome to Eloma, Julian Reeve, CEO of Perfect Equilibrium Inc, talks about burnout, the causes, and prevention strategies. Julian shares his personal experience of burnout after working as the Musical Director for the Broadway show, Hamilton, and then taking over 25 Broadway shows around the world as a Music Director, and how it led to a heart attack. Kiley and Julian explore the signs and symptoms of burnout, emphasizing the importance of self-awareness. Julian also highlights the difference between stress and burnout and the three dimensions of burnout:

• Overwhelming exhaustion
• Cynicism and detachment
• Ineffectiveness

They discuss the role of mindset in managing burnout and the need to challenge fixed thinking. Julian also shares insights on the recovery process and embracing change. He emphasizes the importance of developing a healthy relationship with work and the need for self-care and self-reflection to prevent burnout.

In this episode, Julian Reeve shares his experience of finding happiness during challenging times and the importance of taking space for personal growth. He also discusses the value of embracing change and taking risks in order to achieve success. Finally, he provides information on how to connect with him and learn more about Perfect Equilibrium.

Quotes

• “One of the most valuable things that we can all do, whether we're entrepreneurs or anything else, as far as burnout goes, is develop our self-awareness. Because the physical symptoms of burnout weren't necessarily prevalent and weren't present for me to go, “Oh, OK, I'm experiencing chest pain” or I'm constantly fatigued or I'm cynical or I'm detached, or all the other stuff that goes with burnout. And so had I developed enough self-awareness to understand that I was actually headed in the wrong direction, maybe I would have caught it.” 3:43
• “So if we approach anything with the right mindset and we have the right system and we have the right strategy, we will get exactly where we need to go. And perfect equilibrium to me is that space. It's much more than work-life balance. It's much deeper than that. There's a spiritual element to it. But for me, in organizations particularly, it's where employees get to function at their best capability because the culture and the systems are strategically cared for and a mindset is present to kind of aim in the right direction.” 14:45
• “You know, we burn out for several reasons. I strongly believe that organizations and individuals both have responsibility for burnout management. Now, officially, we burn out because of six main reasons; work overload, lack of control, insufficient reward, feelings of unfairness, breakdown of community, and a conflict of values.” 28:58

Links & Follow-ups:

Connect with Julian Reeve:

LinkedIn: https://www.linkedin.com/in/julianreeve/

Website: www.perfectequilibrium.co

Email: email@julianreeve.com

Connect with Kiley

Learn more at WelcomeToEloma.com

Work with us at RAYNEIX.com

Newsletter Signup: RIXNewsletter.com

Linkedin: Kiley Peters & RAYNE...

“Nothing is ever as complicated as we make it,” says Gill Moakes of life and entrepreneurship. The award-winning ICF certified business coach and podcast host discusses the power of taking calculated risks in business. Gill explains how trusting oneself and making bold decisions can drive both business and personal growth. She highlights the specific challenges that women entrepreneurs face, including mental barriers and societal expectations, urging women to actively choose success and develop the courage to take bigger risks.

Gill delves into the impact of limiting beliefs and the pursuit of external validation on entrepreneurs’ risk-taking abilities. She shares personal stories and professional insights to show how reevaluating one’s self-image and challenging ingrained beliefs can lead to greater business success and personal fulfillment.

Exploring broader aspects of entrepreneurship, Gill covers the trade-off between the perceived stability of traditional employment and the autonomy—and accompanying instability—of running one’s own business. She emphasizes that having control over one’s decisions, despite the risks involved, provides a unique form of security that traditional jobs often do not offer.

Quotes

• “Most women entrepreneurs need support. They need coaches. They need mentors. They need people around them—a community to be able to cultivate the courage to start playing a bigger game, to start taking the risks. A lot of women struggle to choose themselves for success.” (03:54 | Gill Moakes)
• “Nothing is ever as complicated as we make it. I think that’s probably my biggest insight.” (37:43 | Gill Moakes)
• “People love to complicate their business so much and it doesn’t have to be that complicated. Business is about three things. Be a nice person. Don't be an idiot—be better at what you do than most people. Just be outstandingly good at what you do. And thirdly, put relationships above algorithms. Do those three things.” (38:04 | Gill Moakes)

Links

Connect with Gill Moakes:

Social Media Handles:

https://www.linkedin.com/in/gillmoakes/

Insta - @gillmoakes

Substack - https://substack.com/@gillmoakes

Website URLS:

https://www.gillmoakes.com/

https://www.gillmoakes.com/podcast

Connect with Welcome to Eloma

Instagram: @welcometoeloma

Website: WelcometoEloma.com

Connect with Kiley

Social: @kileypeters + Linkedin.com/in/kileypeters

Websites: RAYNEIX.com, KileyPeters.com

Weekly Email Newsletter: RIXNewsletter.com

Email: info@rayneix.com

Podcast production and show notes provided by HiveCast.fm