What the Biz?!
Send us Fan Mail [https://www.buzzsprout.com/2155563/fan_mail/new] In this episode of What The Biz?!, hosts Brigitte Vegter and Daniel Proczko explore a startling reality revealed by a recent Huntington Bank report: while 54% of business owners hope to sell within the next five years, statistics show that between 80% and 89% of businesses will never successfully complete a transaction. We break down the massive gap between "intention" and "preparation" and why a feeling is not a formal succession plan. The duo discusses the shift away from generational hand-offs—with only 19% of businesses staying in the family—and what it really takes to be "exit-ready." Brigitte highlights the "Compliance vs. Advisory" gap, noting that only about 5% of businesses have a true consultant or strategist in their corner. We provide three immediate action items, including the 30-Day Dependency Test, to help you start your five-year exit clock today. Finally, Brigitte shares a "What The Biz" win from a hotel coffee shop that turned a mechanical failure into a masterclass in employee empowerment and customer loyalty. Show Topics & Sources * The Reality of Business Sales: Why industry reports from the Exit Planning Institute suggest only 11% to 20% of businesses listed actually sell. * The Exit-Ready Blueprint: Key requirements for a high-multiple sale, including due-diligence-ready financials, documented processes, and leadership depth. * The Advisor Audit: Only 6% of businesses use a consultant, with many relying on friends or family for critical strategic advice. * Revenue vs. Margin Trends: Why buyers look for 3–5 years of increasing profit margins rather than just "coasting" revenue. * WTB Moment: How a pre-determined "drink on us" policy during equipment failure saved a brand and empowered its front-line staff. Liked this show? SUBSCRIBE to this podcast on Spotify, Apple, Google and more. Catch past episodes and show notes at WhatTheBiz.com [https://whatthebiz.com]. Join the WhattheBiz?! newsletter [https://whatthebiz.com/#subscribe] to be the first to learn about upcoming events and specials. Do you have a topic you'd like us to cover? Leave us a voicemail on WhatTheBiz.com [https://whatthebiz.com/]! ********* Hosts Daniel Proczko - myPocketMarketing [https://mypocketmarketing.com/] Brigitte Vegter - Vegter Financial [https://vegterfinancial.com/]
133 episodios
Comentarios
0Sé la primera persona en comentar
¡Regístrate ahora y únete a la comunidad de What the Biz?!!