Why You Must Understand The Big Picture So You Can Put Yourself Out Of Business And Into A Bigger Business (#273)
“Understand the big picture to ensure that today’s success doesn’t become tomorrow’s failure.” -Jeffrey Feldberg
Jeffrey Feldberg does a solo episode by leveraging inflection points for business success. Feldberg stressed the importance of identifying industry changes that could impact a business and preparing for them in advance by creating a winning business model that includes recurring revenue, long-term contracts, and revenue sharing. He used the example of Netflix and Blockbuster to illustrate how inflection points can either be a threat or an opportunity for businesses. Feldberg also discussed strategies for growing profits and increasing enterprise value, including creating launch plans, identifying and removing inflection point business killers, and creating a compelling narrative to increase enterprise value.
Feldberg emphasized the importance of preparing for post-exit life, which is often overlooked by business owners. He shared his personal experience of making costly mistakes in his post-exit life and how the Deep Wealth Mastery Program helps business owners avoid such mistakes. Additionally, Feldberg discussed the program's formula for creating a timeline of when business owners will be ready for their liquidity event and how they can increase the value for their financial freedom today.
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SELECTED LINKS FOR THIS EPISODE
Cockroach Startups: What You Need To Know To Succeed And Prosper
FREE Deep Wealth eBook on Why You Suck At Selling Your Business And What You Can Do About It (Today)
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Resources To Have You Thrive And Prosper
The Deep Wealth Podcast helps you extract your business and personal deep wealth. You'll learn and master the foundational strategies in the Deep Wealth 9-step Roadmap. These are the same strategies that our co-founder, Jeffrey Feldberg, leveraged for his 9-figure exit.
Enroll in the 90-day Deep Wealth Mastery program to grow profits, increase the value of your business, and optimize your post-exit life. Send an e-mail to insights{at}deepwealth.com with the words "Deep Wealth" in the subject line for more information.
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Avoid the fatal mistake of assuming the skills that built your business are the same for your liquidity event. Up to 90% of liquidity events fail. Even worse, "successful" liquidity evens have business owners losing out on 50 to over 100% of the deal value.
Why take that risk?
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