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Business owners are today’s American heroes. They innovate, they create jobs, they believe that they can CREATE a better future for their families and our country. So much attention is given the start of a business (the idea, the technology, and the fund raising). Yet much less to the exit – as if it will magically take care of itself. When they do exit the business, it’s a once in a lifetime event – there is no do over! Yet so many are ill-prepared to make the jump.The Ripcord Moment is a p ...
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Finishing Touches: How to Maximize Value and Strategize Your Business Transition
Vincent Mastrovito
Introducing "Finishing Touches: How to Maximize Value and Strategize Your Business Transition" podcast, hosted by Vincent Mastrovito. Are you a dedicated business owner ready to embark on the next phase of your life? Maybe you are looking to start a new business, hand your business off to a family member, or simply become a fully retired entrepreneur? Planning for a successful transition can be complex and overwhelming, especially when family members are involved. But fear not, because at Fi ...
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This episode of Finishing Touches discusses organic growth strategies for scaling a business, covering topics such as market penetration, product and services expansion, customer retention, operational improvement, and talent development. Vincent Mastrovito provides insights on how to grow the value of an organization organically from the inside ou…
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Preparing Emotionally for Your Business Exit
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This episode of Finishing Touches explores the emotional aspects of selling a business and the impact it has on business owners. It delves into the personal, financial, and professional implications of selling a business, offering insights and guidance for navigating this challenging transition. Takeaways: Selling a business involves emotional, per…
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Safeguarding Your Business with Proper Legal Documents
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12:43
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Takeaways: Planning is crucial for business owners looking to sell or transition their business. Legal documents should be created and regularly updated to protect the company and its stakeholders. Mistakes with stock and legal documents can lead to disputes and costly legal issues. Partnerships require clear agreements and contingency planning to …
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Financial Planning for Business Owners with Joe Seetoo
17:11
17:11
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Takeaways: Exit planning is crucial for business owners to ensure a successful transition and financial security. Business owners face challenges such as running personal expenses through the business and the need for tax and estate planning. Joe's new offering provides comprehensive financial planning and leverages a network of advisors to support…
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Strategies for a Successful Management Buy-Out
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Takeaways: Management buyouts (MBOs) can be a powerful approach to business transition. Considerations for a successful MBO include cash flow analysis, funding options, and conversations with the management team. Strategic planning, team alignment, and effective communication are crucial for a smooth MBO process. Contingency plans, due diligence, a…
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Breaking Owner Dependency: Building a Business Beyond You
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Takeaways: Understanding and mitigating owner dependency is crucial for a seamless business transition. Ten key categories to focus on when de-risking the owner include decision making, training, roles and responsibilities, processes and procedures, operational management, knowledge management, customer relations, quality management, strategic plan…
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Intergenerational Wealth & Family Business with Dr. Tom Deans
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17:57
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Takeaways: Selling the business to the next generation ensures that the children are truly capable and committed to running the business. The Willing Wisdom Index is a digital tool that helps business owners assess the gaps in their succession and estate plans. Preparation and mentoring of the next generation are crucial for a successful business t…
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The Art of Hiring an Exceptional Number Two Leader with Alec Broadfoot
19:46
19:46
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Key Points From This Episode: [00:01:11] Alec Broadfoot's recognition in the 2023 Inc 5,000 list for leading one of the fastest-growing companies [00:03:37] The inception of VisionSpark [00:07:27] The primary market served by VisionSpark [00:11:25] The rarity of innate leadership skills [00:14:52] The high success rate of VisionSpark in matching le…
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Mastering M&A: A Dive into the Buy Side with Michelle Kime
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24:35
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Key Points From This Episode: [00:02:54] How Michelle discovered Irish dancing at 28, fell in love, and excelled [00:04:10] The distinction between buy-side and sell-side representation in M&A [00:07:52] The importance of early conversations with prospective buyers [00:11:19] Challenges in M&A, including buyer retrading and communication strategies…
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The Power of Organizational Culture with David Friedman
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21:51
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Key Points From This Episode: [00:02:39] Why people, not companies themselves, drive organizational progress and success [00:05:20] How organizational culture directly influences company performance and valuation [00:11:46] Why effective leadership is crucial for shaping and influencing a company's culture [00:15:26] Seeing culture as a systematic …
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Revolutionizing B2B E-Commerce With Jason Magee
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Key Points From This Episode: [00:02:25] Why digital transformation is vital for B2B businesses to align with customer expectations [00:07:15] How Jason and his partner started Human Element after experiences in early e-commerce and tech startups [00:09:20] Prioritizing sales channels and integration for a successful B2B digital transformation [00:…
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Strategic Capacity: Do You Have It in Your Business? With George Sandmann
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21:12
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Key Points From This Episode: [00:02:47] George discusses his book, revealing a three-dimensional approach to business growth and its transformative power for CEOs [00:05:41] The rarity of high-value business transfers and the importance of early exit planning [00:08:47] How Growth Drive's approach serves three types of business owners: those looki…
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Safety Matters, with Jim Mattes of ThreeSixtySafety
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19:58
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Key Points From This Episode: [00:02:28] Creating a comprehensive safety program with zone leaders, employee engagement, and OSHA compliance [00:08:01] Conducting mock OSHA audits for proactive safety compliance, offering detailed reports with action recommendations. [00:13:22] How improving safety boosts profit by reducing workers' comp and indire…
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How to Embrace Failure & Trust Your Intuition As a Business Owner | The Ripcord Moment (Ep. 31)
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On this episode of The Ripcord Moment, host Joe Seetoo welcomes Julia Schieffer, founder of DerivSource. DerivSource is an independent information source on derivatives, post-trade, fintech, risk management and technology that she sold to Markets Media in 2021. Julia encourages owners and leaders to listen to their gut. If you feel passionate about…
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Sales Success Secrets: Unleashing the Potential of Your Sales Team with Mark Fisher
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Mark Fisher joins the podcast to delve into the challenges faced by sales organizations and strategies for success. With over 30 years of sales experience, Mark has a proven track record of turning around struggling sales teams and enhancing the bottom line.This episode is a must-listen for business owners and sales professionals who are looking to…
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How to Create Peace, Mindfulness & Direction in Your Life and Business | The Ripcord Moment (Ep. 30)
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On this episode of The Ripcord Moment, Joe Seetoo welcomes Joel Sherwin, an experienced attorney and fintech leader. He is now Head of Legal at Galileo Financial Technologies and recently published The Path: A 30-Day Guide to Building a Meditation Habit That Will Change Your Life, a book on how he has become more present and peaceful in his daily l…
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Unlocking the Power of Leadership: Building a Strong Team for Business Success
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In this episode of Finishing Touches, I dive deep into the topic of leadership and its impact on business success. As a business owner, understanding the importance of effective leadership is crucial for growth and sustainability. I discuss key strategies for forming a strong leadership team, and the positive outcomes it can bring.To learn more abo…
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Finding My New Identity After Selling My Business | The Ripcord Moment (Ep. 29)
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On today’s episode of The Ripcord Moment, host Joe Seetoo welcomes Tim Gaspar, CEO and Founder of Gaspar Insurance Services. Tim spent 15 years building his company and began feeling uncertain how to continue growing within the insurance industry. In 2021, he decided to sell his business as various assets such as Bitcoin and real estate were experi…
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Scaling Beyond the Owner: Transforming Your Business for Long-Term Success
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Do you want to streamline your business and increase its productivity? Are you tired of feeling like your business relies too heavily on your presence and decision-making? In this podcast episode, I will unveil the key solution that can help you reduce owner dependency and achieve a more efficient and self-sustaining business. By implementing the s…
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Going Into Business With My Best Friend: Meli's Cookies | The Ripcord Moment (Ep. 28)
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On this week’s episode of The Ripcord Moment, Joe Seetoo invites best friends and co-founders of Meli’s Cookies, Melissa Blue, and Melissa Mehall, to discuss how they started their gluten-free cookie company that now sells products in over 9,000 stores across the country. Melissa and Melissa have been friends for 30 years. They say prioritizing the…
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Have you heard the myths about exit planning? Business owners looking to monetize their value in the enterprise long term may have come across these misconceptions that can hinder a smooth and fluid transition. Myth #1: Exit planning is only necessary for retirement age business owners. Myth #2: Selling the business to a family member is the easies…
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Bootstrapping My Liquor Brand & Starting a Distillery | The Ripcord Moment (Ep. 27)
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On this episode of The Ripcord Moment, host Joe Seetoo welcomes Aaron Bergh, founder of Calwise Spirits Co. Calwise is headquartered in Paso Robles and is home to labels like Big Sur Gin and Axe Hole Whiskey. Aaron’s passion for spirits began in college when he learned how to make his own alcohol. Eventually, what was once a fun hobby turned into a…
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Mastering Business Transition: Insider Tips for Success
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As a seasoned exit planning guide, with this new podcast I will explore the challenging yet crucial process of preparing for business transition. Each episode will outline actionable tips and bring insights from my years of experience along with expert guests to help business owners navigate the largest transaction of their life.I’m grateful you’re…
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Building Trust and Finding Community as a NextGen Business Owner | The Ripcord Moment (Ep. 26)
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African Family Firms, and host of The Connected Generation podcast. Nikè Anani has first-hand experience with being a second-generation family business owner and knows how confusing and isolating a transition can feel. According to a study done by The Williams Group, only 30% of business transitions are successfully passed onto the third generation…
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Creating a Niche Fashion Brand: How We Made $1M Our First Year | The Ripcord Moment (Ep. 25)
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On today’s episode of The Ripcord Moment, Joe welcomes sister-duo Lizzie Means Duplantis and Sarah Means, founders of Miron Crosby, a custom cowboy boot brand headquartered in Dallas, TX. Sarah and Lizzie were raised on a ranch in Texas and were gifted cowboy boots on every important occasion: birthdays, graduations, and weddings. Their cousins als…
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Running a Business With Your Family: Generation Gaps & Compromise | The Ripcord Moment (Ep. 24)
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On this episode of The Ripcord Moment, host Joe Seetoo invites President of Stainless Process Systems and Alliance Finishing & Manufacturing, Mark Hyman, along with his son, Chief Operating Officer of Stainless Process Systems, Brandon Hyman. They discuss generation gaps, the dynamic between parents and children when working together, and what Bran…
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Choosing the Right Bank as a Business Owner Amidst the Banking Crisis | The Ripcord Moment (Ep. 23)
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On this episode of The Ripcord Moment, host Joe Seetoo invites Regional Executive Vice President at American Business Bank, Jeff Munson, to discuss the recent bank crises and what business owners can do to protect themselves. Jeff says Silicon Valley Bank collapsed due to their investments in longer bonds, so when depositors started to leave the ba…
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Being a Female Business Owner & Democratizing Insurance
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24:41
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Welcome to Season 3 of The Ripcord Moment! On the first episode of this season, host Joe Seetoo invites CEO of Watermark Life Insurance Services Nicole Rex to discuss being a woman in the insurance industry, the challenges of owning her own business, and insuring one’s business. Nicole says although obtaining initial opportunities in the insurance …
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Create Psychological Safety Before Selling Your Business
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“When we talk about emotional intelligence, what we’re really talking about is recognizing that we’re emotional beings and that we react to life’s events emotionally. First […] when leaders are not developed in emotional intelligence, they’re not able to listen to people.” – Robert Grossman, CEO of Black Diamond Leadership On today’s episode of The…
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Cultivate Culture Before Selling Your Business
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“What’s being expected from the younger generation is you’re sitting down with your manager and learning about the culture and values. What does the company stand for?” – Daan Renssen, Owner of PrideStaff. In today’s episode of The Ripcord Moment, Daan and Joe discuss hiring trends, what job satisfaction means to the younger generation, and what th…
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Conduct a Due Diligence Review Before Selling Your Business
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25:52
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“Before you go to market, the seller should do a due diligence review. Hire an ERISA lawyer, get the paperwork together, and see what’s going on.” – Meredith Sesser, Owner of Sesser Law In today’s episode of The Ripcord Moment, Meredith offers her expertise on the nuances of retirement plans, ERISA (Employee Retirement Income Security Act), and ens…
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“Progress is in relationship with struggle.” — Chris M. King, CEO of Status Flow. In this episode, Chris explains what “flow” is and how to create momentum on your team and in your personal life with flow triggers. He also shares how embracing change and discomfort is pivotal to growth. Chris discusses the law of accelerating returns, which signifi…
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