Mitch McGinley of Boutique Fitness Broker Reveals How He Turned a Yoga Studio into a 5× Exit, Scaled to $20M in Deals, and What Most Owners Get Wrong When Preparing Their Business for Sale. (Episode 750 - Mitch McGinely)

In this episode of the Grow A Small Business Podcast, host Troy Trewin interviews Mitch McGinley, founder of Boutique Fitness Broker, joins the podcast to share how he transformed a struggling yoga studio into a 5× exit and went on to help over 70 owners sell their businesses. He talks about growing his brokerage to $20M in annual deals, the emotional ups and downs of exiting, and the common mistakes owners make when preparing for a sale. Mitch opens up about navigating COVID, learning disciplined focus, and building a business that now supports his dream life in Spain. His journey blends resilience, smart strategy, and deep passion for helping small business owners achieve life-changing exits.

Why would you wait any longer to start living the lifestyle you signed up for? Balance your health, wealth, relationships and business growth. And focus your time and energy and make the most of this year. Let’s get into it by clicking here.

Troy delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice.

And a snapshot of the final five Grow A Small Business Questions:

1. What do you think is the hardest thing in growing a small business?
   
   Mitch McGinley says the hardest thing in growing a small business is learning how to say no. He explains that owners constantly get pulled in different directions — ideas, opportunities, people, problems — and without the discipline to say no, you end up overwhelmed and unfocused.
   
   

2. What's your favorite business book that has helped you the most?
   
   Mitch McGinley says his favorite business book is “Built to Sell” because it clearly explains how to shape a business into a scalable, well-structured operation that can run without the owner and eventually be sold for strong value, making it one of the most useful guides he’s ever read.
   
   

3. Are there any great podcasts or online learning resources you'd recommend to help grow a small business?
   
   Mitch McGinley says there are many great podcasts and online learning resources to help grow a small business, but instead of naming just one, he recommends continuously listening to a wide variety of shows and learning platforms because each one offers unique perspectives, lessons, and insights that can help business owners improve their skills, sharpen their thinking, and stay adaptable as their business grows.
   
   

4. What tool or resource would you recommend to grow a small business?
   
   Mitch McGinley says that the number one tool or resource he recommends for growing a small business is artificial intelligence, because owners who don’t embrace AI right now risk falling behind, while those who use it can save time, make smarter decisions, improve marketing, and operate far more efficiently.
   
   
   

5. What advice would you give yourself on day one of starting out in business?
   
   Mitch McGinley says the advice he would give himself on day one of starting out in business is simply “It’s gonna be okay.” He explains that the journey is full of stress, doubt, and unexpected challenges, but looking back, he realizes that things always work out when you stay consistent, keep learning, and push through the hard moments.

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Quotable quotes from our special Grow A Small Business podcast guest:

You don't owe anybody anything, so focus on the few things that truly matter each day – Mitch McGinley

Sell your business when everything is perfect, not when you’re going through chaos –  Mitch McGinley

Discipline is the habit that keeps small business owners moving forward when everything feels overwhelming – Mitch McGinley