I Did It My Way, Phil Billick of Valley Ridge Farms

Today we were joined on the show by business owner Phil Billick of Valley Ridge Farms.  Phil was one of MVP’s earliest coaching clients with a prior company he started and he is also Jack’s nephew!  During the show today Phil shared his story of not only starting, growing, and then eventually selling one business, but also how he’s been involved in starting several more including his 800 acre farm in southeast Ohio.

How Do I Decide If I Should Stay Or Go After Selling My Business?

The good news is you’ve gotten that offer you can’t refuse and you are going to sell your company.  Now the question is what do you do next?  Do you stay on with your company after the acquisition?  Do you ride off into the sunset?  Do you start another company?  So many choices and so little time.

Bird In The Hand: Ben Ihde of Wild Birds Unlimited

Today we were joined on the show by business owner Ben Ihde of Wild Birds Unlimited. Ben was a coaching client of MVP for several years and is a repeat guest on Dirty Secrets of Small Business (see link below for his February 14, 2019 appearance).  During the show today Ben shared with us what’s been going on since we last heard from him.

What Are You Retiring To?

Are you ready for retirement?  I can’t wait for retirement!!  Can I retire now?  Everywhere you look you can find someone trying to give you advice on retirement.  But as a small business owner, retirement is likely something you’re not looking forward to.  I mean isn’t retiring something old people do?

How Do I Make Sure I Sell My Business To The Right Buyer?

After you’ve been in business for a few years, one of the strangest things starts to happen.  You’ll begin to get inquiries from folks who will say they are interested in buying your company.  If you’re like most small business owners, you’ll take those inquiries and store them in a file somewhere for when the time is right.  So if you’ve determined the time is right, how to you make sure you find the right buyer for your business?

How Useful Is A Business Valuation?

If you’ve owned your business for several years, chances are someone at some point has talked to you about a business valuation.  Either someone has asked you directly what your company is worth or the idea of your company’s value has come up in conversation.  The question we address in today’s show is just how valuable is a business valuation?

How Do I Teach The Next Generation Everything I Know About The Business?

It’s rare that a small business owner wakes up one morning and decides it’s time to transition their business to the next generation.  It’s something they usually think about for a while, likely many years before they are finally ready.  But once they decide they often want it to happen yesterday.  But before the current owner leaves they want to make sure the next generation knows everything they need to know about the business.  So how do you figure out where to start?