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Each week on “I’m a Millionaire, So Now What?”, Colleen O’Connell-Campbell, Wealth Advisor at RBC Dominion Securities, delivers inspirational stories and practical advice to self-made millionaires and wealthy families. With a focus on financial planning and wealth management strategies, Colleen and her guests cover the critical issues that truly matter to you, including succession strategies, family business governance tips, how to cope with fundraiser fatigue, finding your purpose after losing your family business, and much more.

Oct 20, 2020

Welcome back to “I’m a Millionaire. So Now What?”

 

I’m flying solo again, as I prep for Double to Sell, my upcoming workshop for business owners wanting a cash-rich exit. 💰💰💰

 

I mean, who wouldn’t want that? Right?

 

Shockingly, according to BDC data, quite a few of you! 🤯😳🤯

 

🌟 71% of you planning on selling are not willing to take on risk to improve your business.

🌟 And 52% of you won’t explore expansion.

 

Leaving potential exit-money on the table…? Come on now. I simply can’t support that! 😂😂😂

 

Money isn’t everything. Granted. But if you’re selling eventually, set your mind to doubling your revenue and profits.

 

Join me and Cameron Herold in November, and plan to double to sell, or better! 🎉🎉🎉

 

 

Legacy or freedom? Freedom or legacy? Build to last? Or build to sell? Whichever way you have mapped out your exit plan, one thing is for certain – you should aim to wring as much value out of your years of hard work as you possibly can. Start planning for that cash-rich exit strategy TODAY. Three, five, 10 years down the road feels like a long time, doesn’t it? Well, it’s not. As I understand it, based on recent data from the BDC, nearly half of you are considering an exit in the next five years, and three quarters are considering an exit in the next 10 years.

 

What shocked me, was the other info nestled in the above data: the majority of you are averse to taking any risks in the next few years in order to improve your business, and half said they had little appetite for expansion. That, frankly, is leaving money on the table. When the time comes, when someone makes you an offer to sell – will you be ready? Will your company be in the best shape it can possibly be? It will be if you reset your thinking. From today onward, set your mind to doubling your revenue and profits. Grab hold of a vivid vision that will allow you to Double to Sell. Or better!