414: Elevate Strategy and Consulting - Lynn Bowser & Drew Webster

Most small business owners don't realize they've built a job instead of a business – and they find out the hard way when it's time to sell. Lynn Bowser and Drew Webster of Elevate Strategy and Consulting join Jeff to explain why a company doing $10 million in revenue can be worth $1.5 million, while a $1.5 million company can be worth far more.Lynn and Drew get into what they call the "accidental CEO" problem – the attorney, dentist, or med spa owner who suddenly has 20 employees and never went to business school – plus where profit quietly bleeds out, why handing the business to your kid or your employees is riskier than it sounds, and Drew's rule for the whole thing: build a business you could sell tomorrow, but don't want to.Learn more:https://www.elevatescgroup.com/Hosted by:Jeff HammBest Lake Norman NC Realtorhttps://lknreal.com/Support the show