In this episode of the Do Business Show, Todd Frazier, John Welch, and Jake Frazier break down three ways to run your business: exit for a big payout, exist for lifestyle freedom, or eternity for legacy. Learn how to choose the right path for your goals—and the trade-offs that come with each.

Chapters:

00:00:00 - Introduction

00:00:15 - Running Business with End in Mind

00:00:35 - Value of Business

00:07:36 - Running Business for Existence

00:11:18 - Adapting Business for Existence

00:11:47 - Future of Business

00:11:53 - Building Business for Exit

00:12:13 - Service Business vs Tech Business

00:13:48 - Finding an Out of Industry Buyer

00:14:52 - Understanding Business Valuation

00:15:43 - Industry Factors Influencing Business Valuation

00:17:18 - Reality of Business Valuation and Exit

00:17:45 - Managing Business Expectations

00:18:35 - The Role of A Players in Business

00:19:26 - Business Exit Strategy and Valuation

00:25:13 - The Challenge of Business Succession

00:26:27 - The Reality of Business Succession

00:27:12 - Interpreting Legacy in Business

00:27:45 - Understanding the Eternity Factor in Business

00:28:14 - The Role of Visionary and Integrator in Business

00:29:18 - Case Study: Dallas Cowboys

00:30:15 - Running a Sports Franchise as a Business

00:31:06 - Starting a New Podcast: Poor Sports

00:31:48 - Sports Industry and Business Component

00:32:21 - End of Business Career and Valuation

00:33:47 - Opportunities and Investments in Business

00:34:13 - Trade-offs and Focus in Business

00:35:50 - Ethics and Beliefs in Business

00:36:18 - Closing Remarks and Call to Action