How can entrepreneurs ensure their businesses are sellable in any market?

In this episode, Justin Goodbread shares his expertise on scaling businesses and maximizing their value. He discusses the importance of planning for an exit, avoiding owner dependence, and leveraging value drivers to create a sellable company. Through personal anecdotes and practical strategies, Justin offers a roadmap for entrepreneurs to achieve freedom and financial success.

Justin Goodbread is an entrepreneur, author, and business advisor. Having built and sold multiple companies, Justin brings a passionate, hands-on approach to helping other entrepreneurs grow their businesses profitably while creating sustainable value.

Key topics explored in this episode: 

- The difference between a profitable business and a valuable one.

- Why 80% of a business owner’s net worth is often tied up in their company.

- Why only a fraction of owners are satisfied with their exit price.

- The dangers of owner dependence and how to overcome it.

- Stories of entrepreneurs who successfully pivoted during crises.

- How to balance passion for business with personal priorities.

- Why you should sell your business when you don’t have to.

Chapters in this episode: 

(02:30) Justin Goodbread’s Entrepreneurial Journey

(08:15) The Shocking Truth About Business Value Statistics

(15:00) Why Most Businesses Aren’t Sellable

(21:45) How to Avoid Owner Dependence

(37:00) The Importance of Work-Life Balance for Entrepreneurs

Thanks to Justin Goodbread for being on the show! 

Learn about Justin’s Value Growth Academy: https://www.justingoodbread.com/academy 

Connect with Justin on LinkedIn: https://www.linkedin.com/in/justingoodbread/ 

Bill Gallagher, Scaling Coach and host of the Scaling Up Business podcast, is an international business coach who works with C-Suite leaders to achieve breakthrough growth. 

Join Bill in the Growth Navigator Coaching Program: https://ScalingCoach.com/workshop 

Bill on LinkedIn: https://www.LinkedIn.com/in/BillGall

Bill on YouTube: https://www.YouTube.com/@BillGallagherScalingCoach 

Visit https://ScalingUp.com to learn more about Verne Harnish, our team of Scaling Up Coaches, and the Scaling Up Performance Platform, which includes coaching, learning, software, and summit. We share how the fastest-growing companies succeed where so many others fail. We help leadership teams with the biggest decisions around people, strategy, execution, and cash so that they can scale up successfully and beat the odds of business growth. 

Did you enjoy today’s episode? If so, then please leave a review! Help other business leaders discover Scaling Up Business with Bill Gallagher so they, too, can benefit from the ideas shared in these podcasts.

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Bill on Twitter/X: https://twitter.com/billgall 

This episode was produced by Story On Media & Marketing: https://www.successwithstories.com