
The TEC Report
The TEC Report is all about helping business owners survive and thrive in today's challenging and ever-changing times. We're all about sharing ideas so your business can create higher value so you can grow, merge with another business, sell, or simply create something to pass on to your family.If you enjoy the podcast or know of someone you feel would be a terrific guest, please email us at:Brads@transitionalequity.net www.transitionalequity.net
The TEC Report
How To Come Out Stronger After the Crisis
Businesses have been turned upside down in the matter of days. We've never seen anything like this before. Strong businesses just a couple months ago, are now without their employees and hoping they can survive.
This episode is all about the theme - "When Given Lemons - Make Lemonade".
Many business owners and their employees are talking about the time it is going to take to get back to "normal". After every major crisis in history, nothing is ever the same when things get back to "normal". The attacks on 9/11 in the US was another change. It changed security in the world at all airports, train stations, buildings, and even sporting events.
So what can you do now if you are a business owner, manager, or former employee? Use this time to reflect and come out of the crisis stronger, not just a survivor.
Many business owners are concerned that the value of their business is going to take a major hit. Some will, but others will go up over time.
Our guest in this episode is Lloyd Wolf of Achieve Business Services. Lloyd's job was eliminated years ago (just like many have today). While it was tough going for him at first, it led to him starting his side hustle as an IT expert. He later became one of the premier managed service providers and eventually sold his business. Today he is an adviser to other businesses sharing his success and principles so others can create value and have the option to merge or sell to someone as an exit strategy.
Listen in as Brad interviews Lloyd to go over ways to overcome your situation if you feel you or your company is being hit hard with the Corona Virus Pandemic. This may be the best time for a change in your business strategy or your career.
You can visit Lloyd's website at www.achieve-services.com/ or visit his LinkedIn profile at www.linkedin.com/in/lloydwolf3/