MBN on the Road | Valuation And EOS Breakout Workshop from Leadership Talk June 2024 Part 1

Originally loaded October 21st, reloaded July 4th.. Wednesday June 12, 2024, MBN's Jeffrey Mosher hit the road and caught the Workshop session following a Leadership Talk. This is audio number 3 of 4 from that day. In this video you catch a can’t miss event where the gathering in REO Town heard from a Business Valuation Workshop including Michael Maddox, host of MBN’s ‘Getting A Grip’ from the Cadillac Room Wednesday, June 12th. In this Business Valuation Workshop, for the next video, attendees discovered the 8 keys to unlocking growth, building a great organization, and achieving clarity in your company's vision. Led by industry experts Reuben Levinsohn and Nicholas Pope of Washington Avenue Advisors, and joined by Professional EOS Implementer Mike Maddox, this series equips entrepreneurs with the tools to maximize their business's value and prepare for a successful exit. Upcoming videos will share from that part of the day. Our live workshop series will help you to: • Understand the 8 drivers of business growth • Understand the 6 keys to building a truly great organization • Learn how to achieve a clear company vision • Instill discipline and accountability throughout the organization • Roll up your sleeves and confront organizational issues head-on • Strengthen your business and produce powerful results Don't let your business stagnate—join us to strengthen your business and produce powerful results! Mike Maddox shared his story of running and operating a company called ASK, an IT and cyber security company, which experienced 10x growth over 10 years, but also faced chaos and frustration, and eventually implemented the Entrepreneurial Operating System (EOS) to get the business healthy and aligned, and was later acquired by a large multinational company 01:14. Mike's experience with EOS and his acquisition led him to start coaching other businesses, and he eventually got his franchise to coach clients, with the goal of helping other business owners achieve successful exits and grow their business value 04:44. Brian, a partner with Washington Avenue Advisors, shared his motivation for helping business owners with their valuation and exit, which is to see stories like Mike's and help owners have successful exits, allowing them to pursue their passions and reap the benefits of their hard work, and he achieved the Certified Exit Planning Advisor (CEPA) designation to be more intentional about delivering this service 07:29. Understanding the eight drivers of business value and the six keys of operational success can help business owners make informed decisions and potentially increase their company's value 10:24 Focusing on a unique aspect of a business, such as monopoly control, can lead to competitive advantages and better margins, as seen in Stephanie Breedlove's story of growing her company to $9 million in revenue 11:31 Building a strong "moat" around a business by developing a unique skill or service can make it more valuable and attractive to potential buyers, as demonstrated by Stephanie's sale of her company for $54 million 17:40 Reuben Levinsohn and Mike Maddox were hosting workshops focused on helping you grow your business VALUATION, something very few entrepreneurs focus on with intention in their annual and quarterly growth strategies. We’ll also be providing attendees with an opportunity to assess their personal + business ‘Exit Readiness’ and build an action plan from it. The events on June 12 and October 17 are in person – with amazing speakers! Breakfast and lunch are provided at these also. Registration for the upcoming October event is required: https://www.waadvisors.com/events » Visit MBN website: www.michiganbusinessnetwork.com/ » Watch MBN’s YouTube: www.youtube.com/@MichiganbusinessnetworkMBN » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/