Summary:

Are you looking to strengthen your business mission statement and see a significant impact on growth?

This week on Scale to Sell, Adam Burton chats with Jonathan Sheeley, Executive Consultant at Sheeley Executive Consulting, to explore how the principles of creating a powerful mission statement, often used in nonprofits, can be effectively transferred to for-profit companies.

Jonathan shares his extensive knowledge of strategic leadership and team-building, revealing how a clear mission statement can drive purpose and intentionality in business decisions and daily operations.

Adam and Jonathan discuss:

• The key components of a strong mission statement and how they differ between personal and business contexts

• The importance of having separate mission statements for personal and business goals

• How regularly revisiting and updating your mission statement can aid in effective decision-making

• The impact a well-crafted mission statement has on marketing, operations, and overall business success

• And more!

Resources:

• Business Assessment (My Business Report) - Jonathan Sheeley

Connect with Our Team:

• Website: Scale to Sell

• info@scaletosell.com

• LinkedIn: Scale to Sell

• Facebook: Scale to Sell

• YouTube: Scale to Sell

• Instagram: Scale to Sell

Connect with Adam and Steve Burton:

• LinkedIn: Adam Burton

• LinkedIn: Steve Burton

Connect with Jonathan Sheeley:

• LinkedIn: Jonathan Sheeley

• Website: Sheeley Executive Consulting

About our Guest:

Jonathan Sheeley has assisted more than 100 leaders in capitalizing on the unique strengths of their companies. He acknowledges the significant responsibility that leadership entails and comprehends the importance of their success. With a decade of experience in strategic leadership and team building, Jonathan coaches leaders to navigate business challenges and maximize their potential. His expertise and guidance have been instrumental in helping many leaders like you to excel.

Summary:

Are you prepared for the unexpected events that could disrupt your business exit plan?

This week on Scale to Sell, Adam and Steve Burton dive into the top five unexpected events – the five Ds – that can greatly impact your business exit strategy, emphasizing the vital importance of preparing for these situations.

They draw upon their extensive experience and references such as Christopher Snider's "Walking to Destiny", providing actionable insights to ensure your business and personal life are protected in the face of these potential disruptions.

Adam and Steve discuss:

• The startling statistic that there is a 50% chance one of the five Ds will affect your business

• Death: The impact of a business owner’s death on the business and family

• Disability: How a business owner’s disability can hinder business operations

• Divorce: The potential complications of a business owner’s divorce

• Distress: Various forms of distress that can affect a business, such as economic downturns or market changes

• Disagreement: The effects of disagreements between business partners on the business’s value and operations

• And more!

Resources:

• Get a free annual estimate of your business's value today! scaletosell.com/discovery

• Walking to Destiny by Christopher M. Snider

Connect with Our Team:

• Website: Scale to Sell

• info@scaletosell.com

• LinkedIn: Scale to Sell

• Facebook: Scale to Sell

• YouTube: Scale to Sell

• Instagram: Scale to Sell

Connect with Adam Burton:

• LinkedIn: Adam Burton

• LinkedIn: Steve Burton

Scale to Sell

Scale with the End in Mind (Ep. 19)

Summary:

Have you ever thought about the end goal for your business growth?

In this episode of Scale to Sell, Adam and Steve Burton explore the critical concept of "scaling with the end in mind," explaining why it's crucial for business owners to consistently evaluate their business value and plan for their exit strategy.

Discover how to form an effective exit team, distinguish value from profit, and fully prepare for exiting your business successfully.

Adam and Steve discuss:

• Distinguishing value from profit and understanding their impact on business growth

• Creating a clear direction for growth to save time and reduce wasted opportunities

• Preparing for the three critical parts of a successful exit: the business, financial, and personal aspects

• Strategies to reduce burnout and frustration by planning your exit early

• And more!

Resources:

• Get a free annual estimate of your business's value today! scaletosell.com/discovery

Connect with Our Team:

• Website: Scale to Sell

• info@scaletosell.com

• LinkedIn: Scale to Sell

• Facebook: Scale to Sell

• YouTube: Scale to Sell

• Instagram: Scale to Sell

Connect with Adam Burton:

• LinkedIn: Adam Burton

• LinkedIn: Steve Burton

Summary

In this episode, Adam and Steve discuss the challenge of employee retention and share five ways to retain top talent. They emphasize the importance of having a clear mission and meaningful work, understanding your employees, fostering a positive company culture, offering bonuses and incentives, and providing flexible employee benefits. They also highlight the value of recognizing and acknowledging employees for their hard work. By implementing these strategies, business owners can attract and retain the right people to help their businesses grow and succeed.

Chapters

00:00 Introduction and the Challenge of Employee Retention
06:04 Chapter 1: The Importance of a Clear Mission and Meaningful Work
11:13 Chapter 2: Understanding Your Employees and Their Motivations
14:25 Chapter 3: Creating a Positive Company Culture
25:29 Chapter 5: Flexible Employee Benefits for Retention

Episode Links:

Sign up for our BusinessBuilder Thursday weekly guide - www.scaletosell.com

Get a FREE professional valuation of your business - https://www.scaletosell.com/discovery

Follow the podcast so you never miss an episode.

Please rate and review the podcast so more entrepreneurs can find this valuable content to scale and exit their businesses.

IG: @scaletosell

FB: @scaletosell

Youtube: @scaletosell

LI: @scaletosell

One of our core values is to “implement than innovate” – the idea that it’s better to get started and make improvements than wait forever for it to be quote-unquote “perfect” before it launches (if it ever does).

Now that we’ve gotten the conversation started with the podcast, it’s time to elevate the opportunity.

Listen as Adam Burton, co-host of the Scale to Sell Podcast, shares some exciting updates coming to the show and our community of entrepreneurs.

Episode Links:

Sign up for our BusinessBuilder Thursday weekly guide - www.scaletosell.com

Get a FREE professional valuation of your business - https://www.scaletosell.com/discovery

Follow the podcast so you never miss an episode.

Please rate and review the podcast so more entrepreneurs can find this valuable content to scale and exit their businesses.

IG: @scaletosell

FB: @scaletosell

Youtube: @scaletosell

LI: @scaletosell

Summary

In this episode, Adam and Steve discuss the concept of paying the 'dumb tax' as a business owner. They define the dumb tax as making mistakes unknowingly or unnecessarily due to a lack of guidance or seeking advice from experienced individuals. The hosts highlight three common ways that business owners pay the dumb tax: valuation errors, poorly structured business deals, and inadequate preparation. They emphasize the importance of seeking expert advice, conducting thorough research, and networking with peers to mitigate the dumb tax. The episode concludes with a reminder to take action and implement the insights gained from the discussion.

Chapters

00:00 Introduction
01:23 Defining the Dumb Tax
09:22 Paying the Dumb Tax: Poorly Structured Business Deals
21:37 Mitigating the Dumb Tax
22:04 Conclusion

Episode Links:

Sign up for our BusinessBuilder Thursday weekly guide - www.scaletosell.com

Get a FREE professional valuation of your business - https://www.scaletosell.com/discovery

Follow the podcast so you never miss an episode.

Please rate and review the podcast so more entrepreneurs can find this valuable content to scale and exit their businesses.

IG: @scaletosell

FB: @scaletosell

Youtube: @scaletosell

LI: @scaletosell

Summary

In this episode, Adam and Steve discuss the concept of generational wealth and how it applies to business owners. They explore the challenges of creating and preserving generational wealth, including the failure rates of business transfers to the second and third generations. They emphasize the importance of proper planning, including having a financial advisor, tax planner, and estate attorney, as well as a transition process in place. They also discuss the idea of legacy planning and the various components involved in creating a successful exit and preserving wealth for future generations.

Chapters

00:00 Understanding Generational Wealth
09:44 Challenges of Creating and Preserving Wealth
14:19 The Role of Planning and Professional Advisors
16:09 The Importance of a Transition Process

Episode Links:

Sign up for our BusinessBuilder Thursday weekly guide - www.scaletosell.com

Get a FREE professional valuation of your business - https://www.scaletosell.com/discovery

Follow the podcast so you never miss an episode.

Please rate and review the podcast so more entrepreneurs can find this valuable content to scale and exit their businesses.

IG: @scaletosell

FB: @scaletosell

Youtube: @scaletosell

LI: @scaletosell

Summary

In this episode, Adam and Steve discuss the difference between a lifestyle business owner and a value creator. They highlight the key characteristics of each type and emphasize the importance of transitioning from a lifestyle operator to a value creator. They explain that a lifestyle business owner is heavily dependent on the owner, lacks market value, and is focused on day-to-day operations. On the other hand, a value creator has systems and processes in place, attracts top talent, and has a business that is ready to transition at any moment. They also discuss the impact on personal life and legacy.

Chapters

00:00 Introduction and Business Valuation Opportunity
01:39 Introduction to Lifestyle Business Owner vs Value Creator
06:04 Importance of Systems and Processes for Value Creation
09:41 Characteristics of a Value Creator
13:24 Transitioning to a Value Creator and Legacy
16:16 Creating More Profitability and Value

Episode Links:

Sign up for our BusinessBuilder Thursday weekly guide - www.scaletosell.com

Get a FREE professional valuation of your business - https://www.scaletosell.com/discovery

Follow the podcast so you never miss an episode.

Please rate and review the podcast so more entrepreneurs can find this valuable content to scale and exit their businesses.

IG: @scaletosell

FB: @scaletosell

Youtube: @scaletosell

LI: @scaletosell