Matt welcomes Mike Lisovetsky, Co-Founder at Miro Advisory to discuss the realities of buying, building, and exiting businesses. Mike shares insights as a serial entrepreneur, having started companies from a young age and successfully navigating multiple exits. They discuss some of the ah-ha moments Mike has had as a founder and his role as a problem solver because dealing with problems is integral to the job. They also talk about the truth behind growing a business and building to exit versus being in a position where an exit is inevitable.

They discuss the nuances of transitions during exits, from knowledge transfer and SOPs to the emotional impact of selling a company. Mike talks about the challenges around transferring founder logic and judgment, sharing that even with documentation, much of the business’s unique value often resides in the founder’s head. They discuss trends in entrepreneurship through acquisition, the upcoming silver tsunami of retiring business owners, and the critical importance of finding the right buyer-seller alignment.

They also offer advice for aspiring entrepreneurs and those looking to build or sell, and what your next steps should be to maximize value and profit.

To find out more about Mike and connect with him, email him at:   📍 mike {at} mirroradvisory.com.

Key Topics Discussed:

• The Reality of Being a Founder
• Challenges with Knowledge Transfer in Exits
• Owner-Business Fit in Acquisitions
• Emotional Impact of Selling a Business
• Evolution in Business Sale Marketplaces
• Preparing for Acquisition or Sale