Oct 24, 2023
Welcome back to The Cash Rich Exit Podcast. I’m your host Colleen-O’Connell-Campbell. In today’s episode, I chat with Scott Duke. Scott is a serial entrepreneur who has started 11 companies, sat on 20 boards, and advised hundreds of businesses. He's here to share his tested exit strategy insights. Dive in for the scoop on how:
☀️ Running a business has exciting ups but also difficult downs. It takes time and effort to achieve over $1 million in revenue.
👨👩👦👦 Delegation and investing in your team is key to gaining freedom. It takes 3-7 years for most entrepreneurs to earn freedom through profitable delegation.
💸 Tax planning early on can significantly increase profitability and free up more time. Don't wait to exit to start planning.
💰 Focus on profitability and cash flow, not just revenue. Tools that put profit first facilitate strong exits.
🤝 Connect with strategic buyers’ mindsets when selling. Create an attractive, sellable asset with realistic valuation expectations.
This conversation is full of expert wisdom - don't miss it!
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The Cash Rich Exit Podcast is brought to you by O’Connell-Campbell Wealth Management at RBC Dominion Securities.
All opinions expressed by the host, Colleen O’Connell-Campbell, and podcast guests are solely their own opinions and do not reflect the opinion of RBC Dominion Securities.
This podcast is for informational purposes only before taking any action based on information in this podcast you should consult with a qualified professional.
Colleen O’Connell-Campbell is a Wealth Advisor at RBC Dominion Securities, a member of the Canadian Investor Protection Fund.