In this episode of Streams to Impact, Dr. Allen Lomax interviews Kelvin Bell, a distinguished toastmaster, investor, and business strategist. They discuss Kelvin’s journey into entrepreneurship, key strategies for enhancing business valuation, innovative sales approaches, and effective profit margin strategies. Kelvin shares insights on navigating mergers and acquisitions, the consulting business model, and the importance of exit planning for small business owners. The conversation emphasizes the need for strategic planning and the potential for significant growth through thoughtful business practices.
Listen to the podcast here or on your favorite podcast app:
Watch the Episode Here:
Main Points:
- Business owners often overlook exit strategies until it’s too late.
- Retaining existing customers is more cost-effective than acquiring new ones.
- A well-structured management team is crucial for business valuation.
- Profit margins can be increased by adjusting pricing strategies.
- Mergers and acquisitions can double business size but require careful planning.
- Consulting for equity aligns the consultant’s success with the business’s growth.
- Standard operating procedures can alleviate the burden on business owners.
- Exit readiness is essential for maximizing business valuation.
- Transformational consulting can provide significant ROI for businesses.
- Quiet reflection can be a powerful tool for introverted entrepreneurs.
Main Points:
- TopValue15.com
- GrowYourBusinessNow.info
- https://www.instagram.com/drkelvinbell/
- https://www.linkedin.com/in/kelvin-bell-investor/
- https://www.facebook.com/kelvin.bell.31945