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154 – Learning The Secrets of The Buyers Journey – Danny Govberg

July 9, 2018 by JoshPatrick Leave a Comment

You're in for a treat today.  We're talking with Danny Govberg from Govberg Jewelers.  We had a wide-ranging conversation that covered the buyer's journey, his membership in the Young Presidents Organization and even some conversation around he being the third generation in a family business. If you know anything about retail, you know at the very least it's been very challenging.  In today's episode, you're going to hear from someone who has … [Read more...]

Filed Under: Business Exit Planning, Innovation, Sustainable Business Podcast Tagged With: business exit planning, buyers journey, family business, sustainable business, YPO

How To Leave Your Business In As Little One Year… Even If You Don’t Know If You’re Able To Retire!

November 15, 2017 by JoshPatrick Leave a Comment

We’re now at the end of our series on how you can create a sustainable business.  Our first four steps are: Start with having clear value and value statements which lead to a mission statement that is ten words or less and can be answered with a yes or no. Make yourself operationally irrelevant in the day-to-day operations of your business. Create a business that has a recurring revenue source or a predictable sales model that makes … [Read more...]

Filed Under: Business Exit Planning, Sustainable Business Tagged With: affording retirement, business succession, retirement, sustainable business

7 Family Business Secrets You’ll Be Glad To Know

September 15, 2017 by JoshPatrick Leave a Comment

My family has a long history of being in business for themselves.  My grandparents started as peddlers selling their wares door to door.  My father started in the wholesale tobacco business and during his career he started and closed tons of businesses, but three of them stuck and were successful enough to overcome all of the ones that didn't work. I started down the road of working for myself when I was 7 years old.  I would … [Read more...]

Filed Under: Business Exit Planning Tagged With: business exit planning, family business, family business rules

Don’t Let This Happen To You…….

June 22, 2017 by JoshPatrick

I almost waited too long.  It was 1995 and I knew the vending business was falling apart.  I knew that we were losing manufacturing customers at an alarming rate.  I knew that we no longer could service government contracts because there was just no way for us to give an honest count and make money. But still, I kept at it and I almost missed the opportunity to get out with my shirt on.  When a reasonable buyer appeared two … [Read more...]

Filed Under: Business Exit Planning

Thinking About Selling Your Business…..You Better Read This First

June 15, 2017 by JoshPatrick

Public Domain from pixabay Recently I was at a program sponsored by The Sudden Money Institute called Inward Bound.  This is one of the programs I do to stay current and be a useful Financial Transitionists.TM   During the program, I had a thought about a role I need to play with people who are thinking about or are in the process of transitioning out of their business.  This is a role that no one talks about because almost no one … [Read more...]

Filed Under: Business Exit Planning Tagged With: business exit planning, succession planning

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Sustainable Business Podcast
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About Josh

Why would you want to listen to me?

My specialty is working with owners of private businesses. It’s where I have the most interest and can add the most value. If you own a business and are interested in a coaching relationship as well as mentoring, I’m your guy. Read More
The Sustainable Business Podcast and Josh Patrick invite you to subscribe, rate, and review our podcast on iTunes if you love what you're hearing! Thank you!

ABOUT JOSH PATRICK

My main focus in life is helping private business owners create a sustainable business that will last past them. I help create great outcomes using life experiences I’ve had during my almost forty years of running and being around my favorite people, private business owners. I’m a student, an entrepreneur and a curious observer of life. Read More
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