How to Build, Scale, And Sell Your Business- Chris Giles Ep80

How to Start, Scale, And Sell Your Business

What defines an entrepreneur who is able to start, scale, and sell an extremely successful business? Business development requires more than just a strategy; it requires a good plan, a good team, and sufficient financials.

In this episode of the Page One Podcast, Luke Peters speaks with Chris Gules, a veteran entrepreneur and sales expert with multiple successful ventures. He has done it all from how to start, scale, and sell your business. He grew up as a leader in an entrepreneurial environment and used his skills to build multiple companies while maintaining a social conscious to help others. He explains how after scaling and selling a high-performing business, he is now focused on helping other entrepreneurs walk the same path.

Listen in to learn how trust and communication between you, the business owner, and your employees affects your business positively. You will also learn about the power of using technology as a tool to help work on your business.

Key Takeaways:

• How to use technology to create a business system that is based on bettering customer service and experience.
• The importance of effective message communication within a business to move forward faster.
• The value of investing in technology as an essential tool to scale your business.
• Understanding the factors that define the multipliers that make your business sellable.

Episode Timeline:

• [1:45] Chris narrates his entrepreneurial journey that started at a young age before he started growing and selling companies.
• [4:00] He explains how he started a business with a plan of selling it and worked towards ensuring its success long after he exited.
• [5:37] How he utilized his ability to start and scale a business before selling to his advantage of financial freedom and early retirement.
• [7:06] How his former company used technology to better transportation logistics.
• [13:02] How to start and scale a business with the right plan, team, and financials if you want to sell it later.
• [16:25] How Chris helps business owners realize what their maximum gains can be on scaling their businesses in all aspects before they can sell it.
• [18:44] The business development strategy that he uses to help business owners work on their businesses.
• [20:49] The importance of communication and trust between the business owner and employees to help move the business forward.
• [26:15] How to utilize the appropriate technology to help scale your business exponentially.
• [32:53] Chris explains the factors you should put in place before selling your business, plus how he sold his business with a nine PowerPoint slides presentation.
• [40:20] He shares why Carpe diem is his living philosophy.
• [42:36] Why a portion of your proceeds and energy as an entrepreneur should go to charity.

Quotes:

• "Not how much I sell, but how much I make.”- Chris [14:39]