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Secret Academy Episode - Aaron Young

We all have a tendency to start a task and rather than looking at the next step, we look 20-30-40 steps ahead to the exit, and while this may seem like a bad trait to have, it isn’t. Entrepreneurs and business owners alike should have an end in sight at all times, knowing full well what it means at any given point if they were to exit their business. Aaron Young has almost become an expert on exiting companies, and he has picked up on just about every trick and tip out there to help others do so. Aaron Young is the CEO and Chairman of Laughlin Associates, a 44 year old company that has helped over 100,000 entrepreneurs start, scale, and exit their own businesses. Aaron has been a helping hand in almost any industry you can think of, giving advice and strategizing with all different types of business owners. After learning all he could about the way businesses grow, scale, and eventually sell he wanted to pass on his knowledge to others so they too could be as successful as possible in their field.

Lesson's in Today's Interview:
  • How to successfully exit a company.
  • How to look at a company and know an exit strategy right away.
  • How do you know your company is ready for an exit.
  • When to consider selling your business.
  • How to build a business/team that can sustain the worth of the company without the owner.
  • How to create a self-sufficient company.
  • New clients are more expensive to sign than existing clients.
  • How to put systems in place to have your business operate even without your constant observation.
  • Don’t ever chase money, or it will run away from you.
  • How to identify what business to buy.
  • Begin with the end in mind for any business decision.
  • How to figure out your own niche, don't be broad, be narrow
Full Episode, Downloadable Podcast, and Other Episode Resources Available for Members Only:
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Daniel DiPiazza
Founder of Rich20Something
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Joe Huff
Co-Founder of LSTN Sound Co