The Integrated Entrepreneur
Welcome to The Integrated Entrepreneur with Jonathan Fodera, hosted by founder, author, public speaker, investor and entrepreneur Jonathan Fodera. On this podcast you'll learn strategies on how to become a better operator, how to acquire more clients for your company, how to retain those clients, valuable lessons, and how you can avoid the mistakes that Jonathan has triumphed on his path to $500M+ in financing for business owners and entrepreneur's.
Meet the Co-Host:
Keith Gause was born in Houston, Texas and moved to Jacksonville, Florida at the age of 2. He continues to reside in Jacksonville with my wife, Deanna, and two daughters: Addison (13) and Kylee (10) and their 4 dogs, a cat, a bearded dragon, and a snake. (If it were left to the ladies to decide, they would have a zoo!)
Keith’s childhood was spent playing sports, being an only child, and watching his father become an entrepreneur by continuously failing and trying again. His father built a multimillion-dollar company allowing him to retire and live the life he always dreamed about. Watching his father’s journey taught him a lot about business.
Not ready to jump into the family business, Keith went into the military in the year 2000 at age 18. He spent 5 years assigned to the 20th Special Operations Command in Ft. Walton Beach FL and spent a majority of his military career deployed to places that needed the most attention.
Keith continued in the world of excitement and danger by going into Law Enforcement where he spent 10 years working in Northwest Jacksonville. He worked the nightshift, 6pm -6am, which allowed him to have a full day to make an impact on what he ultimately wanted to do. That goal was to create an empire and to impact as many business owners as possible.
In 2009, wanting to care for his wife and first born in the best way, he took a big risk and spent his entire savings on an inactive business name and one inflatable bounce house. Bounce Around Jax Party Rentals was Northeast Florida’s #1 party and event rental business. At least that is what he believed!
By 2012, Keith was able to make a 7-figure exit and leave Law Enforcement and began to study all things finance & investing. He focused on learning about any mistakes he had made as a business owner and became obsessed with helping others avoid the same ones. That is how Tideland Consulting came to be. Now, Tideland operates in all 50 states and has created a non-bias ecosystem for growth-oriented entrepreneurs that maximizes how each dollar impacts the business, from protecting assets and reducing taxes to succession plans and exit strategies.
In 2023, Tideland aligned with GFG Solutions as a strategic partner to serve business owners at the highest level, with a white-glove service feel from a world-class team.
The Integrated Entrepreneur
Scaling or Failing? How to Build a Business That Runs Without You
summary
In this conversation, Jonathan Fodera and Keith Gause discuss the critical aspects of building a business that is not only successful but also sellable. They emphasize the importance of understanding the statistics around business sales, the due diligence process, and the necessity of creating a business that can operate independently of its owner. The discussion covers various topics including the significance of having a clear organizational structure, financial accountability, effective hiring practices, and the creation of standard operating procedures. They also highlight the need for diversifying marketing channels and understanding the target customer to ensure business growth and sustainability.
takeaways
- 7% of businesses actually sell, highlighting the importance of building a sellable asset.
- Due diligence is crucial in the selling process; many businesses fail to prepare adequately.
- Key man risk can significantly impact the saleability of a business.
- A business must be able to operate independently of its owner to be considered sellable.
- Starting with the end goal in mind can guide business decisions and strategies.
- An organizational chart is essential for clarity in roles and responsibilities.
- Financial clarity and understanding your numbers are vital for making informed decisions.
- Hiring should be based on financial projections and the ability to handle increased leads.
- Standard operating procedures (SOPs) are necessary for training and consistency in operations.
- Diversifying marketing channels reduces risk and increases stability in lead generation.
🎙️🚨 PODCAST GIVEAWAY 🚨🎙️
Apple Podcast: https://podcasts.apple.com/us/podcast/the-integrated-entrepreneur/id1721945867
Spotify: https://open.spotify.com/show/44djZ5wR9cyqTAKJs8DyEX
Subscribe to the podcast and email poof of subscription to jviccora@integratedbusinessfinancing.com.
🎁🏆 PRIZES 🏆🎁
🥇 Capital Tools Program ($1,999.00).
🥈 Business Strategy Session ($1,000.00).
🥉 Merch (Tees, Hats etc.).
🏅 Join us on the show.
Podcast Info: https://feeds.buzzsprout.com/2285267.rss
Apple Podcast: https://podcasts.apple.com/us/podcast/the-integrated-entrepreneur/id1721945867
Spotify: https://open.spotify.com/show/44djZ5wR9cyqTAKJs8DyEX
Also Check out:
Foundation Business Workshop: https://info.integratedbusinessfi.com/foundation
Join Jonathan in the Capital Tools Program: https://www.thecapitaltoolsprogram.com/home
Jonathan's Facebook: https://www.facebook.com/John.fodera.3
Jonathan's LinkedIn: https://www.linkedin.com/in/jonathan-fodera-391a98a1/
Jonathan’s Instagram: https://www.instagram.com/jonathan.fodera
Integrated Business Financing Website: https://www.integratedbusinessfinancing.com