))
Your Business is Worth $0 Until You Fix These 3 Things. Then it becomes irresistible!
Manage episode 473803841 series 3586454
Why Your Business Is Worth Nothing Until You Fix These Issues
In this episode of the Payer Quit podcast, Shawn Austin Johnson discusses the harsh reality that many businesses are unsellable and essentially valueless until critical issues are addressed. Drawing from personal experience and examples, Shawn outlines three key strategies to transform a business into a sellable asset: documenting standard operating procedures, building a leadership team, and automating revenue streams. He emphasizes the importance of recurring revenue and maintaining clear, transparent financials. Whether or not you plan to sell your business, these steps are crucial for creating a profitable, scalable, and sustainable enterprise. Shawn challenges business owners to evaluate whether their business could sell today, and if not, to start implementing these changes immediately.
00:00 Introduction: The Hard Truth About Your Business
00:36 Why Most Businesses Fail to Sell
01:20 Fixing the Unsellable Business: Key Strategies
02:38 Creating Recurring Revenue for Business Value
04:13 Cleaning Up Your Financials
05:13 Turning Your Business from Unsellable to Irresistible
05:49 Conclusion: Build a Business That Pays You
Please rate the podcast!
Shawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/
Follow Shawn:
X: https://x.com/shawnAJohnsonX
Website: https://www.shawnaustinjohnson.com/
YouTube: https://www.youtube.com/@shawnaustinjohnson
26 episodes
Share
