From Crisis to Cash Out: How To Turn Burnout Into an Eight-Figure Business Sale episode artwork

EPISODE · Aug 7, 2024 · 46 MIN

From Crisis to Cash Out: How To Turn Burnout Into an Eight-Figure Business Sale

from Destination Business Freedom · host Ivan Polic, Pat Mancuso

Ivan Polic is the Co-founder of Jumpstart Your Exit, which partners with million-dollar brands to help them grow, scale, and exit their businesses. As a strategic growth specialist, he has acquired, restructured, scaled, and exited small-to-midsize businesses to maximize returns. Having founded his business with his wife Mariana, they have served as advisors to small- and medium-sized businesses and on over 300 board of directors meetings in various industries and economic sectors. In this episode… Many entrepreneurs don't even consider the possibility of a business exit during the launch and growth stage. However, when operations suddenly go awry, and they become too overwhelmed to continue, they realize their company isn't primed to sell. How can you integrate an exit strategy into your business from the start, ensuring you can pivot during tough times? After losing 95% of his revenue and risking bankruptcy, business exit strategist Ivan Polic realized he had to restructure his entire enterprise to prepare for an exit. He began by developing a report that allowed him to visualize and predict his current and future cash flow based on the company's financial and operational conditions. Through this deliberate and conservative approach, Ivan kept the business alive to evaluate buyers before staging a profitable exit. If you're facing turmoil in your business and want to exit fast, you must identify each possible risk to present buyers with an accurate representation of your business, ensuring a smooth and timely exit.  In this week's episode of Destination Business Freedom, Pat Mancuso joins Ivan Polic, the Co-founder of Jumpstart Your Exit, to talk about how he developed an exit strategy to navigate a business crisis. Ivan shares how he rebuilt his business with a supportive team, the importance of disclosing risks to maximize business value, and the turning point for his eventual exit.

Episode metadata supplied by the publisher feed · Published Aug 7, 2024

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From Crisis to Cash Out: How To Turn Burnout Into an Eight-Figure Business Sale

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