by George Sotiropoulos | Sep 13, 2024 | Business Value, Dependency on Owner
“Where are these buyers who will pay for this amazing company I built and reward me for all the hard work and sacrifices I have made?”Sam was frustrated.It seeped through every sentence he uttered and in his body language – whether standing or sitting.You could almost...
by George Sotiropoulos | Sep 11, 2024 | Business Value, Dependency on Owner, Scaling the Business
Where are the buyers for my profitable business that will pay for this amazing company I built and reward me for all the hard work and sacrifices I put into it.I always get asked….and it feels like finding a needle in a haystack.Before I can answer.. a sigh of...
by George Sotiropoulos | Sep 10, 2024 | Business Value, Dependency on Owner
“There are two times when my business really grew.. the 2nd time was with what I’ve learned from you…”So said a friend and successful business owner who I’ve helped over the years.Right before this exchange when asked what he does… he said he was retired.Which...
by George Sotiropoulos | Sep 9, 2024 | Uncategorized
Last night my heart stopped when I walked past the residence parking before going to my front door.Our parking slot was empty?It was 8:30 pm and I sat there wondering where did my wife go with the kids?I took out my phone and called her.No reply.Where could she...
by George Sotiropoulos | Sep 6, 2024 | Business Value, Dependency on Owner
Hi,As a business owner are you taking this weekend off?I mean no checking emails, no follow up notes, no spending any time on a computer or the mobile when it comes to your business.I mean spending the entire weekend with your familyOr indulging in your favourite...
by George Sotiropoulos | Sep 5, 2024 | Business Value, Dependency on Owner
Hi,Can you imagine finding out your business is worth less than the cup of coffee you had this morning?Sounds crazy, right?But for many business owners, this could be a harsh reality. You might be pouring time, money, and energy into something that, on paper, won’t be...
by George Sotiropoulos | Sep 4, 2024 | Business Value, Dependency on Owner
Frank owns a service business that he built over 10 years into a 7-figure business.Married with kids things were thriving as he turned 40.He had education funds set up for his children, life insurance, and the whole nine yards.His wife, Sally, who was in her early...
by George Sotiropoulos | Sep 3, 2024 | Business Value, Dependency on Owner
“So my accountant tells me companies in my industry go for 8x the net. That means I can probably retire in the next 12-18 months.I’m profitable and the business has treated me well.. Heck paid for my three kids and their schoolingSo tell me how much do you think I’ll...
by George Sotiropoulos | Sep 2, 2024 | Business Value, Dependency on Owner
Hi,As a heads up, this was an emotional post to write and it is slightly longer than usual, but please take into account its lesson..This past Thursday night Johnny Gaudreau, a professional hockey star in the NHL and his brother Matthew, also a professional player...
by George Sotiropoulos | Aug 30, 2024 | Business Value, Customer Experience, Scaling the Business
This week we have been talking about Caroline and her PIA (Pain in the A**) customer Susan and how Caroline finally had enough and fired Susan – even though Susan was her #1 client.Many business owners would recoil at Caroline’s action.No way they could just fire...
