What's Working Now
Look, I know you’ve achieved unheard of levels of success as an entrepreneur. So the real question is, while the world is RADICALLY shifting, how do we not get caught in the chaos but instead access our untapped capacity? (you know what I’m talking about ;)I’m Katie Richardson, Business Coach to Superstar Entrepreneur and host of What’s Working Now. I’m here to show you how to UNLOCK and MAGNIFY your Untapped Potential. So that we can create the dream, live with purpose, and do what we are born to do. On this podcast, we are asking a different set of questions.
What's Working Now
132. Part 1: The 12 Principles to Prepare For a Future Exit
In this podcast episode, Katie Richardson discusses how to prepare for the future exit of a company, focusing on hard skills in this first part of a two-part series. The six hard skills highlighted include building a brand with a clear mission and values, creating intellectual property through patents and trademarks, establishing global distribution channels, generating consistent traffic and demand, making the CEO replaceable by implementing effective systems, and knowing the tangible value of the company through a basic evaluation process. Katie emphasizes the importance of understanding the company's financial standing and exploring ways to increase its value, sharing practical insights and a back-of-the-napkin sketch for evaluating potential offers.
Key Takeaways from this episode:
- Build a strong brand
- Create intellectual property
- Establish global distribution channels
- Generate consistent traffic
- Make the CEO replaceable
Join The “Now” Newsletter: https://now.katierichardson.com/newsletter
About Katie Richardson:
Katie, once a girl who just liked to have fun, transformed into a globally recognized designer and entrepreneur. With expertise in woodworking, welding, drawing, and sewing, she crafted her own path. Despite initial doubts and imposter syndrome, Katie defied expectations by establishing Puj, a business that now boasts its products in 2,000 US stores and 26 countries, delighting over 1 million customers worldwide. Her greatest aspiration is to inspire women across the globe. Renowned shows like the Ellen Degeneres Show, Rachael Ray Show, Today Show, and Entrepreneur Magazine have featured her, while influential figures like Martha Stewart, Matt Damon, Camilla Alves, Mario Lopez, Robert Downey Jr., Kourtney Kardashian, Bill & Giuliana Rancic, and Pam Beesley have embraced her products. Today, Katie is a coach, mother of four, wife, author, and powerful speaker.
Connect with Katie:
Website: https://katierichardson.com/
CASE STUDIES: https://now.katierichardson.com/casestudy
LinkedIn: https://www.linkedin.com/in/katie-richardson-creator
Apple Podcasts: https://podcasts.apple.com/us/podcast/whats-working-now/id1515291698
BuzzSprout: https://www.buzzsprout.com/1847280
Spotify: https://open.spotify.com/show/2kV8cL7eTZ70UAXMOtcBbr
Newsletter: https://now.katierichardson.com/newsletter