Episode 156: Michelle Seiler Tucker - The 6Ps to Building a Sustainable, Scalable and Saleable Business.
Most business owners build their businesses lacking the strong foundations that are needed to make their business sustainable, scalable and saleable. This is why I’m excited to bring in our guest Micheller Seiler Tucker, Founder and CEO of Seiler Tucker Incorporated, and a certified mergers and acquisition professional, to talk about how to build a solid business using the 6Ps.
The story of Michelle’s entrepreneurial journey.
Michelle shares a few of her most memorable M&A transactions and how the impact she has made makes her feel.
Diving into the Six Ps to build a sustainable, scalable and saleable business.
1st P: People - Nothing gets done without people. People build the business.
2nd P: Product - Always innovate and market your products.
3rd P: Process - Create processes around what you want your customers to experience and document them.
4th P: Proprietary - Proprietary assets drive value and get you a lot more money for your business.
The importance of seeing your products and building it as a business.
5th P: Patrons - Find out why patrons are important in your business.
6th P :Profits - The lack of profits is a symptom of not operating on the 5Ps.
Michelle tells us about her book, Exit Rich.
Michelle shares her definition of success.
Links:
Sell your Business for More than It’s Worth.