I Love Kelowna

Making Your Business Buyable with Steve Preda

May 06, 2021 Luke J. Menkes / Steve Preda Season 3 Episode 180
I Love Kelowna
Making Your Business Buyable with Steve Preda
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Show Notes

Steve Preda’s passion is to help people build self-managing, fast-growing, and high-profit businesses. Since 2002, he has helped more than 250 entrepreneurial organizations become more valuable and sellable by serving as a mergers and acquisitions (M&A) advisor, a business coach, a Certified EOS Implementer® and a Certified Pinnacle Business Guide.

Steve started and grew an M&A firm to market leadership in his native Hungary. After implementing the E-Myth® and later the Entrepreneurial Operating System® (EOS®) Management Blueprints, his business grew rapidly and was acquired by a private equity firm in 2013, allowing Preda and his family of six to move to the United States.

Steve has written three books on entrepreneurship and selling businesses, is a regular blogger and podcast host, and delivers workshops and keynotes to entrepreneurial audiences around the US.My objective is to promote my new book: Buyable - Your Guide to Building a Self-Managing, Fast-Growing and High-Profit Business. The book includes Steve's story of coming to America. You can get the first 40 pages of the book for free by clicking here.

Here are some of the topics Steve and I discussed:

• Why you need to build a Buyable Business regardless of whether you will ever consider parting with it

• The difference between proactive and reactive entrepreneurs and how their approach determines their financial and emotional success

• How to design the ideal future state of your business, from which you can reverse-engineer the steps to getting there

• How to determine your personal financial goals, which your business should help you achieve

• How to estimate the value of your business right now and how you can determine the value your company must be worth in the future to allow you to harvest the cash you need for your Next Chapter— Your Ideal life?

• What are The Seven Management Concepts that you need to master to orchestrate your business into a well-oiled machine

• What a Management Blueprint is, the major principles involved, and how to pick one that is right for you

• How Management Blueprints can help you create the vision alignment, execution, and team cohesion needed to build a self-managing, growing, high-profit, and talent-attracting business

• What are the major value drivers of your business and how to engineer them into your company to create the most value in the shortest time

• The ways to groom your business into a product that attracts investors and buyers who will value it highly

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