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Never Start A Business Without An Exit Plan (An Entrepreneur’s Story)

This episode gives us access to Ezra Firestone’s Blue Ribbon E-Commerce Mastermind. Whether you’re already a Founder/Entrepreneur or want to launch your own business one day, there are takeaways, tips, and fun tidbits in this conversation between two heavy-hitters (that have recently sold large portions of their boot-strapped businesses).

You’ll hear Ezra’s chat with Kindred Bravely Founder Garret Akerson as they share their exit stories, reasoning, and what life is like ‘on the other side.’

You Will Learn:

  • About the ‘The year “stuff broke” and how they weathered the storm.
  • Why Garret Akerson thinks you should never start a business without an Exit plan.
  • When it’s the right time to sell your business (or a share of it).
  • The pleasures and pitfalls of working with your spouse.

And More…

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Time Stamps:

01:45 Let’s Dive In

02:03 Backstory of the Brand, ‘Kindred Bravely’

04:33 The year “stuff broke.”

06:40 A KPI Breakthrough (and the staff incentives that got them there)

09:42 Two Reasons You Should Exit Your Business

15:33 How does it feel to finally sell off a business you’ve built (and pocket a chunk of change)?

16:27 Friends, Family, Philanthropy

20:32 How do you teach your (wealthy) children about money and their place in the world?

23:03 “Entrepreneurship is a personal development game, right? Because you’re always the limiting factor no matter what”. Garret Akerson

25:10 Working With Your Spouse (Before and After An Exit)

29:42 The toxic side of being ultra-performance/goal oriented.

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