Exit to Find Passion Again – Interview with Troy Schuette

Exit to Find Passion Again – Interview with Troy Schuette

Exiting your business with zero regrets is a goal that many of us have. Today’s guest, Troy Schuette, owned a waste disposal business for 23 years. He made his decisions carefully so he knew he’d be able to exit happily without wishing he’d done things differently. He’s going to talk to us today about the process he went through, from creating his valuations to choosing his buyers to finally signing his closing documents. You won’t want to miss Troy’s story!

In This Episode You’ll Learn:

  • How and why Troy decided to become an entrepreneur.
  • Where Troy got his passion: Garbage, recycling, and scrap were not actually his passion, but they were the vehicle for his passion.
  • Some of the pitfalls of growing too quickly, as well as what finally clued Troy in that he had lost his passion.
  • How Troy, with the help of his father, decided to sell and how he determined the value.
  • The mental process that Troy went through to choose a buyer.
  • Some of the lifestyle changes that went along with exiting the business.
  • The emotions that Troy went through on the closing date.
  • How Troy told his employees about the sale of the company.
  • What Troy did to let his brain rest after he exited his company.

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‘The SBA Guy’ Talks Business Financing – Interview with John Thwing

‘The SBA Guy’ Talks Business Financing – Interview with John Thwing

Financing is an important aspect when buying or selling a business. The SBA can play a huge role in this process. An important step in the process is knowing where you are trying to go before knowing what tools you will need to use. When structuring a deal the fundamentals come first before the deal structure.

Today we’ll be talking to John Thwing who is known as The SBA Guy. John has closed over 400 SBA financed transactions and is currently at Anchor Bank. Today, John shares a ton of insights about SBA structure, the loans, how they work, and the role the lender plays in relationship to the buyer, seller, and broker. He also provides great insights on all the deals that he has done, and what constitutes a qualified buyer for going into a business and how a seller can use the SBA to exit their business.

In This Episode You’ll Learn:

  • John shares how he started at his first bank in the mail department and ended up becoming The SBA Guy today.
  • How the role of the SBA is to guarantee loans for financial institutions.
  • Deal structures and restrictions with SBA financing.
  • How the SBA tool may not be a good fit and how John helps sellers and agents recognize that.
  • How cash flow is the driver of value, and banks want loans that will be repaid.
  • Due diligence, determining value and prequalifying for financing.
  • How SBA lenders validate 3 years of tax records for ecommerce businesses.
  • Marketplaces for matching buyers and sellers.
  • How hiring an appraiser is not always the best first step.
  • Change of ownership is not part of the SBA loan structure.
  • Qualifying buyers and looking at liquidity, transferable skills, background, and expenses.
  • Discuss financial fundamentals and listen to the market and your advisors.

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Find Your Purpose in Business and Life – Interview with Kevin McCarthy

Find Your Purpose in Business and Life – Interview with Kevin McCarthy

The valuation of your life work and business is a direct reflection of the leadership remaining in place after you exit. What does it mean to build a company of leaders? How do you do that? What does it mean to be increasing wealth so everyone profits?

Today we’ll be talking to Kevin McCarthy, the Chief Leadership Officer of On-Purpose Partners, a deep strategy and planning business advisory firm. Kevin is also the author of several books, including The On-Purpose Person and The On-Purpose Business Person. Today he’s going to talk to us about how to find your purpose and his multi-decade journey trying to reinvent how an entrepreneur can change his or her business.

In This Episode You’ll Learn:

  • Information about Kevin’s background that helped him get where he is now as the CLO of On-Purpose Partners.
  • Where entrepreneurs go off-course when it comes to identifying and sticking to their purposes.
  • What purpose means to Kevin as well as how having purpose minimizes confusion.
  • How the On-Purpose Pal can help you stay aligned with your values, as well why Kevin recommends a two-word purpose statement.
  • How to figure out your purpose without having a tragedy.
  • How an amortization chart can help you get on track with your purpose, as well as what “hellegation” means and how it might apply to you.
  • Tips on how finding your purpose relates to your exit plan.
  • An explanation of the Chief Leadership Officer title.

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The Missed Exit – Interview with Tim Hall

The Missed Exit – Interview with Tim Hall

Today on the Life After Business podcast, we’re talking to Tim Hall. Tim’s story is so amazing that I just had to get him on the show. Tim was an executive at Cartoon Network and worked at Hasbro. Then Tim had the opportunity to buy the division of Intel. He was able to grow that business to 85 million dollars in revenue, but when the business climate changed and the economy went into a recession, Tim realized he’d missed his exit. Sit back and relax as you listen to what Tim would have done differently, opportunities he didn’t take, and much more.

In This Episode You’ll Learn:

  • Tim’s career journey, full of twists and turns, beginning when he was a young teenager.
  • How Tim jumped feet-first into Intel, which is what he considers his foray into entrepreneurship.
  • How he kept the cash flowing in his early days at Intel, later called Digital Blue, when he bootstrapped through the first five years.
  • How factoring works: Tim explains recourse and nonrecourse factoring and how it differs from traditional lines of credit.
  • Tim’s top priorities when the company’s revenue quadrupled.
  • How the recession in 2007 and 2008 hurt Tim’s business, as well as what he would have done differently.

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Business Family vs. Family Business – Interview with Wayne Rivers

Business Family vs. Family Business – Interview with Wayne Rivers

Wayne Rivers is the co-founder and President of The Family Business Institute, Inc. that has been around for over 28 years. He is an author of four books on family business and has been quoted in many articles for large publications like Forbes, Fortune, BusinessWeek, Entrepreneur, The New York Times, and Washington Post. Wayne is also a Wall Street Journal panelist, a speaker, and has appeared on the Today Show, CNN, MSNBC, and CNBC.

Needless to say, he really knows his stuff! In his 28 years at The Family Business Institute, Wayne has worked with many families in all kinds of situations. On the podcast, he tells us stories of different encounters he has had with families over the years. His main goals are business prosperity and family harmony for all of his family business clients. The biggest question they have to answer first is, are you a business family or a family business?


In today’s episode, you will learn:

  • How to prosper in a family business and also have family harmony
  • How to avoid complacency in your business
  • The importance of reinventing your business
  • Significance of bringing in good talent
  • Bridge management techniques
  • Importance of modelling out your financials to make decisions
  • Defining roles, responsibilities, and compensation in family businesses
  • Phantom stock arrangement for non-family members
  • Key elements of a good buy-sell agreement
  • Reasons for keeping real, solid financials

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