Creating An Exit Strategy Lifestyle - Edward Hoffman
Description
In this episode, the host, Jha Allen, interviews Ed Hoffman, a Business Consultant and Owner of a few businesses.
Ed shares his interesting journey from rags to riches. From nothing to owning and selling his first multi-million dollar company, Ed has figured out how to help other business owners increase their income and efficiency from his own experiences and strong work ethic.
In this episode, he shares advice on planning an exit strategy for business owners who eventually want to have their business run themselves. Jha and Ed talk about trust amongst employees, teaching your team how to think like you and how to come out of boot-strapping on the ground.
1:35 - Tell us who you are
6:52 - Why is it the hardest to make that first million dollars?
8:40 - What was your journey like from back then to who you are today?
13:29 - How important is work ethic to operate a business?
19:23 - What is an exit strategy?
23:21 - When in business should I start thinking about an exit strategy?
27:47 - when someone is building an exit strategy, is it a strategy to sell my business?
29:46 - When I start planning my exit strategy and add people to my team, do I teach a manager that teaches my employees? How does that work?
34:58 - How can I create a trust factor with my employees but still make sure my exit strategy will work?
41:46 - Where can we connect with you?
Connect with Ed on LinkedIn: https://www.linkedin.com/in/irresistible/
Learn more about Ed: https://innovatingwithed.com/
Follow Jha Allen on Instagram: https://www.instagram.com/jha.allen/
Learn more about Jha: https://workwithjha.com/content
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Learn More about Beck & Call: https://www.yourbeckandcall.co/



