Prepare Your Business For Exit - Nathan Hirsch And Lily Patrascu

Prepare Your Business For Exit - Nathan Hirsch And Lily Patrascu Nathan Hirsch scaled FreeUp from a $5,000 investment to $12 million in yearly revenue before selling it in 2019, achieving financial freedom. He now owns a portfolio of businesses, including EcomBalance, AccountsBalance, Outsource School, and Trio SEO, alongside his partner Connor Gillivan. His success in business exits comes from building companies with strong teams, clear SOPs, and accurate bookkeeping from day one. He emphasizes reoccurring revenue, intellectual property protection, and thorough due diligence on both the seller and buyer sides to ensure smooth transactions. His approach allows him to build sellable businesses while maintaining long-term ownership flexibility. About The Guest Nathan Hirsch is a lifelong entrepreneur and is on a mission to make entrepreneurship simpler for millions. Nathan is best known for co-founding FreeUp.net in 2015 with an initial $5,000 investment, scaling it to $12 million in yearly revenue, and having it acquired in 2019. Today, he owns a portfolio of companies with his partner, Connor Gillivan. A few you might know EcomBalance and AccountsBalance (two monthly bookkeeping services) and Outsource School (access to Nate’s Hiring process and SOPs) and TrioSEO (A premium blog writing service). Nathan has appeared on 900+ podcasts. For More Info About Nathan Hirsch, visit: https://nathanhirsch.com/ Facebook: https://www.facebook.com/nathan.hirsch/ Instagram: https://www.instagram.com/nathanhirsch99/ Linkedin: https://www.linkedin.com/in/nathanhirsch/ Twitter: https://twitter.com/NathanHirsch99 TikTok: https://www.tiktok.com/@nathanhirsch99? Youtube https://www.youtube.com/channel/UCSFkqsHfbq-y1Y56NP50XgA Timestamp 0:00 Introduction to Business Exit Strategies 0:05 Nathan Hirsch's Entrepreneurial Journey 1:35 Importance of Team and Operations 2:24 Developing Standard Operating Procedures (SOPs) 4:58 Significance of Clean Bookkeeping 6:36 Recurring Revenue and Business Model 7:19 Protecting Intellectual Property 7:52 Due Diligence and Preparing for Sale 13:32 Creative Strategies for Increasing Business Value 21:00 Setting Goals for Productivity 21:15 Hiring and Building Trust 21:43 Retaining Virtual Assistants 22:18 Building Company Culture 22:49 Appreciation and Ownership 23:29 Conclusion About The Host Lily Patrascu is an ultra-creative book publisher and personal brand strategist for thought leaders, CEOs, luxury influencers. As an influencer, bestselling author, copywriter, global speaker, she supports busy entrepreneurs to find their message and share it with millions of people. Feel free to connect with me or find out more about my book publishing/influential entrepreneur events/speaking/ projects here: https://linktr.ee/lilypatrascu & www.lily.global I am launching a few collaborative books: on property wealth strategies, confidence, millionaire secrets, health tools, AI, and seeking influencers with large communities to promote their expertise with the books. I can help you write/ghostwrite and publish your books in 90 days. Message me (Lily) on +447557351222 to collaborate. If you want to be featured on this podcast, and you're a successful entrepreneur able to share about how you grew your company, book your spot here: www.lily.global/podcast - *********************************************************** Getting featured is free. 🎧 Listening is free. But creating this podcast takes time, energy, and resources. If you’d like to support Lily’s mission to inspire people worldwide, contribute here: https://support.lily.global/e/awakenedtitanspodcast Your support keeps the Awakened Titans Podcast alive and growing. *********************************************************** IMPORTANT: Earnings and Legal Disclaimers We don’t believe in get-rich-quick programs or guarantees of specific outcomes. We believe in hard work, adding value, and serving others, and our programs are designed to help you achieve those goals. As stated by law, we cannot and do not make any guarantees regarding your ability to achieve financial results, earn money, or improve your health using our ideas, information, programs, or strategies. Your success depends on your own efforts, skills, and circumstances, which are beyond our control. We are here to support you by sharing our strategies to help you progress, but nothing on this page, any of our websites, videos, marketing materials, or in our emails constitutes a promise or guarantee of future earnings, financial outcomes, or health improvements. Any financial or health-related examples, estimates, projections, or past results referenced are for illustrative purposes only and reflect the views of the hosts and guests. They should not be considered as exact, actual, or assured results. If you have any questions, please contact us at [email protected]. Awakened Titans Podcast - with Lily Patrascu shares mindblowing conversations with influential business titans so you can manifest abundance, love, joy, success, through exponential business growth, innovative products and services, time/money management, property investment, funding, startups, quantum awakening, quantum manifestation, quantum healing, quantum miracles, motivation, high achiever habits and more!