SOAR TO SUCCESS / Soar to Success Podcast Patrick Ungashick Patrick Ungashick is CEO of several companies, including NAVIX Consultants, a service that helps business owners plan for and achieve happy exits. Patrick has been helping business owners plan and create successful exits for nearly twenty-five years. He has worked with business owners in a variety of industries, with revenues ranging from several million to half a billion per year. Patrick is the author of A Tale of Two Owners and Dance in the End Zone: The Business Owner’s Exit Planning Playbook. He has been quoted in the Wall Street Journal, New York Times, Financial Week and other print and radio media. He also speaks to several dozen business groups per year on working towards a successful exit. Connect with him at: https://www.navixconsultants.com/ Patrick Ungashick, owner of NAVIX Consultants and author of the books, Dance in the End Zone, The Business Owner’s Exit Planning Playbook and A Tale of Two Owners, Achieving Exit Success Between Business Co-Owners, was recently on the Soar toSuccess podcast. It was an enlightening conversation about how to get a business ready for a happy and successful outcome when the owner exits. Patrick shared that adopting Stephen Covey’s Habit 2: Begin with the End In Mind is something that business owners should think about at minimum five years out from their projected exit date, but what would be even better, is to form their business with that end in mind. We discussed some of the things business owners should consider when preparing for their exit, such as to: 1. Structure the company so that it thrives without them– Patrick called it owner independence 2. Know what value means to their business 3. Be able to identify the exit magic number In addition, we had an informative conversation about the additional considerations when the business is family owned as well as when it’s important to have a business valuation. There are many free resources available at Patrick’s website, NAVIX Consultants , be sure to take advantage of those. You can listen to our podcast on iTunes and purchase Patrick’s books on Amazon. Patrick Ungashick Shares Business Owner Exit Plan Strategies on the Soar to Success Podcast
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