Growing Your Business Through Acquisition

Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I’m a CPA, a Fractional CFO, and a Certified Profit First Professional Mastery Level providing tax strategies to 7 and 8-figure entrepreneurs. Let's dive into strategies to maximize profits in your business!  “Buying and selling small businesses: Wall Street acquisition strategies simplified for the everyday  entrepreneur” The Profit Talk is excited to have as our guest today, Marty M. Fahncke (pronounced Fawn-Key), a  seasoned world-class Marketer with over 30 years of experience in growing & scaling businesses, and over 20 years of experience in Mergers and Acquisitions. In that time, Marty has helped hundreds of small businesses scale to over $1 Billion in revenue and executed over $450 million in Mergers and Acquisitions transactions.  Topics for Marty to discuss: “If your business is “sellable”, it's also “scalable.” Meaning if you build your business as if somebody is going to buy it tomorrow, it's going to be so much better and more profitable for you to own, operate and grow.  How do you make your business sellable and scalable? #1 Operating System SOP's EOS (Entrepreneurial Operating System) from Geno Wickman Scaling Up from Verne Harnish (Formerly Gazelles) Scalable Operating System from Ryan Deiss and Roland Frazier #2 Financials Clean, organized, profitable Recommend Profits First! #3 Remove yourself from the business so it's not “Owner operated” If you DO want to sell, identify WHO will by your business and WHY. Remember the 7 Habits of  highly effective people “Begin with the end in mind”. If you build your business knowing who will  buy it, when, and for how much, you will be further ahead than 99% of business owners out there who  have a plan to “sell their business some day”, but that's the sum total of their plan. And statistics show  that 90% of them will not be successful. Learn more about Marty and the services he provides at https://www.westboundroad.com/ Visit my FREE Facebook Group, The Profit First Masterclass, where I'll be sharing additional exclusive trainings to members of the community.   If you're excited about what's next for your business and upcoming episodes, please head to our itunes page and give us a review! Your support will help me to bring in other amazing expert interviews to share their best tips on how to powerfully grow in your business!  DISCLAIMER: The information contained within these videos is provided for informational purposes only and does not constitute, an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions, or regulatory updates in the content of this video. Any U.S. federal tax advice contained within is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law