MBN on the Road | Valuation And EOS Breakout Workshop from Leadership Talk June 2024 Part 2

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 4 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! The series of workshops will continue, with the next one scheduled for October 17th, and participants will have the opportunity to assess their company's score in the eight drivers compared to industry peers 00:04. Maximizing the eight drivers of valuation can be achieved by getting alignment on vision, traction, and health in a business, allowing companies to increase their multiples and achieve their goals 01:18. The Entrepreneurial Operating System (EOS) is a simple and effective way to implement operational efficiency, focusing on six foundational areas, including vision, people, and data, to help businesses become healthy and strong 02:09. Achieving Traction Vision without traction is considered hallucination, and having clear objectives for the business in a 90-day world is crucial for achieving traction 10:00 The L10 meeting is a simple yet effective tool for solving issues, where the leadership team meets to discuss what's on track, off track, and how to solve issues 10:38 Exit Strategy To optimize valuation and plan for exit, business owners need to define what exit means for them and be transparent with their employees about their plans, which can be built into their vision 15:14 A business owner should think about the next person's journey when selling their business, and having a buyer who is excited about the business can drive value, as seen in Stephanie's example with 7 million subscribers 19:25 Building a Valuable Business To build a valuable business, it's essential to consider operational efficiency and capacity to support growth, such as a coffee shop handling increased demand for muffins 20:20 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/