Tim Fulton -author of Small Business Matters- Shares about how to avoid entrepreneurial myths that can destroy your business and the best way to improve the profitability and value of your business.

MiFB Podcast- Episode 28 Show Notes

Tim Fulton

Small Business Matters and Small Business Matter and All that Jazz

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TIm Fulton

Website / Join the Newsletter

http://smallbusinessmattersonline.com/

Email

Tim@smallbusinessmattersonline.com

Amazon links for Books

Small Business Matters

https://www.amazon.com/Small-Business-Matters-Tim-Fulton/dp/0615550835/ref=sr_1_1?ie=UTF8&qid=1529185494&sr=8-1&keywords=Small+Business+Matters+by+Tim+Fulton

Small Business Matters and All That Jazz

https://www.amazon.com/Small-Business-Matters-That-Jazz/dp/0692807438/ref=sr_1_2?ie=UTF8&qid=1529185539&sr=8-2&keywords=Small+Business+Matters+by+Tim+Fulton

Jim Adams / Trainer Jim

Facebook  https://www.facebook.com/trainerjimadams/

Intsagram.  @mifb_podcast

Email Jim Adams – trainerjimfe@gmail.com

Website  Trainerjim.net

Sticher.   https://www.stitcher.com/podcast/wwwstichercommastersinfitnessbusiness/masters-in-fitness-business

iTunes. h

Music on the show by –

https://www.bensound.com

MiFB Podcast- Episode 28 Show Notes

Tim Fulton

Tim talks about why everyone should have an exit strategy for their business 6:50

Tim talks about timing, and types of exits 8:30

How much money do I want when I sell my business 11:20

What are the risks that will get in the way of a graceful exit from my business 12:15

A high percentage of exits are involuntary 13:25

How can you 10 X the value of your business 14:10

By creating systems in your business you go from delivering a service to delivering a product 17:50

Tim talks about why products are easier to sell and product businesses sell for a higher multiple 21:45

What are some of the entrepreneurial myths that Tim has run into 22:15

What is the fatal assumption that most technicians make when starting a business 24:50

The 2nd myth is Running this business has to get easier 27:40

What are  the  growth barriers of a business 29:15

What is the 4% Club of Business Owners 26:25

How can we predict if a business owner has what it take to be successful 35:15

What is the answer behind 17 months 43:50