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BizQuiker - Why You Need an Exit Strategy

BizQuik

Release Date: 01/24/2023

Farewell show art Farewell

BizQuik

Welcome back to BizQuik!  Today is the final episode of BizQuik Podcast.  After 280 episodes Julie has decided it’s time to end the show.  Listen in as she gives her final thoughts on the podcast, and how it was an ever evolving thing, just like business.   She’ll be back in a couple of months with a new podcast that focuses exclusively on business operations.   Themes: growth, entrepreneurs, endings   Support our show by visiting our Patreon page ()   Shout out to FeedSpot () - The internet's largest human curated database of blogs and podcasts.  ...

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BizQuik

Welcome to the BizQuik podcast, where we help entrepreneurs and business owners navigate the ups and downs of running a business. I'm your host, Julie Traxler, and in today's episode, we'll be discussing a concept from Clayton M. Christensen's book, "How Will You Measure Your Life?" called "What Job are you Hiring for?"   According to Christensen, understanding the job your customers are trying to accomplish is crucial for creating a successful product or service. It's not just about selling a product or service, it's about helping your customers achieve their goals.   For example,...

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Welcome to the BizQuik Podcast, where we help entrepreneurs navigate the ups and downs of running a successful business. In today's episode, we're talking about a topic that's often misunderstood: sales. Our host, Julie Traxler, will be discussing why some people think sales is just a bunch of douchebags trying to muscle you, and the truth behind this common misconception.   First up, Julie explains why bait and switch tactics, upselling, and quick decision making pressure are not the way to go when it comes to sales. These tactics might seem like a quick way to close a deal, but they...

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Hey there! Today on the BizQuik Podcast, we're diving into the topic of "What Does Facts Tell, Stories Sell Mean?" Host Julie Traxler will be exploring how storytelling can be a powerful tool for businesses to connect with their target audience and make a lasting impression.   In this episode, we'll be discussing several key points to keep in mind when crafting a story for your brand:   Know Your Audience: Before you start crafting your story, it's important to understand your target audience's pain points, desires, and values. By tailoring your story to resonate with your...

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Welcome back to BizQuik! On today’s episode, Julie discusses exactly what it says on the tin, wrapping up an informative month focusing on data, while sprinkling in some good ol’ fashion mathematics.    Themes: Cashflow. CAC. Conversion rates. Customer Lifetime Value. Customer satisfaction.    Support our show by visiting our Patreon page ()   Shout out to FeedSpot () - The internet's largest human curated database of blogs and podcasts.   Need some help with customer service or social media management?  Check out Certivium ()   Find out everything...

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Welcome back to BizQuik! Metrics, metrics, metrics! This week Julie skillfully defines what metrics are, why metrics are important, how to track metrics, the types of metrics to track, and how to use the metrics you track in driving the growth of your business.     Themes: Collecting data. Analyzing data. Reporting data. Reviewing data.   Support our show by visiting our Patreon page ()   Shout out to FeedSpot () - The internet's largest human curated database of blogs and podcasts.   Need some help with customer service or social media management?  Check out...

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Welcome back to BizQuik! It’s March and Julie is still talking about data. In this week’s episode, she makes the crystal clear the difference between Top Line Revenue and Bottom Line Revenue. And how the metrics for both are important indicators of your business’ financial health. She also explores the various ways those metrics can be accounted for, how sales, deductions, and expenses get to the true revenue of your business, moreover, how the correlation of Top Line Revenue and Bottom Line Revenue can demonstrate how successful your business is when they increase...

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Welcome back to BizQuik! Today Julie goes into detail about the various key metrics you should use when tracking the financial health and performance of your businesses, such as: gross profit margin, operating profit margin, cash flow, customer acquisition cost, and churn rate. And how following said metrics can help you make more data-driven decisions regarding the perennial success of your business.   Themes: Profits. Efficiency. Customer satisfaction. Topline revenue. Bottomline revenue. Revenue expenses. Processes.    Support our show by visiting our Patreon page ()  ...

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Welcome back to BizQuik! We’re still talking about data, and in this week’s episode, Julie discusses customer service metrics; why you need to be tracking them, how to track them, and what you can do to improve their assessments. Customer Service Metrics help build strong retention through feedback by identifying where you can improve, measure the effectiveness of your customer service efforts, and improve customer satisfaction.   Themes: Track data. Collect data. Analyze data. Identify data. Progressive action.   Support our show by visiting our Patreon page ()   Shout out...

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Welcome back to BizQuik! On today’s episode, Julie breaks down the importance of an exit strategy and how it takes into consideration its impact on employees, clientele, vendors/suppliers, partners, and investors. As well as the components of an exit strategy, such as: transitioning, financials, dependency reduction, legal considerations, employee and stakeholder communication, timing, and succession planning.

 

Themes: Security. Stress and pressure. Control. Stability and comfort. Recurring revenue.

 

Support our show by visiting our Patreon page (https://www.patreon.com/BizQuik)

 

Shout out to FeedSpot (https://blog.feedspot.com/small_business_podcasts/) - The internet's largest human curated database of blogs and podcasts.

 

Need some help with customer service or social media management?  Check out Certivium (https://www.certivium.com/)

 

Find out everything you want to know about us and our businesses on our website SBPACE.com.  You can also find us on the following social media platforms:

 

Facebook (SB PACE)

Instagram (@sb.pace)

LinkedIn (@sb-pace)

TikTok (@sb.pace)

YouTube  (SB PACE)

 

If you like our intro, hit up Pat Hilton on Instagram (@pathiltonlive)

 

You can buy our book, Seriously?  Now What?!  A Small Business Guide to Disaster Preparedness, on Amazon.

 

BizQuik is a Traxler-Harris production.

#Podcast #entrepreneurship #startup #businessowners #businesscoach