"This episode was brought to you by Reconciled.com. Helping M&A Entrepreneurs just like you with Bookkeeping, CFO & Controller Services, Outsourced Enterprise Accounting and Tax Services. Reconciled.com"

Watch it on Youtube: https://youtu.be/3mC8Qk37pGo

About The Guest(s): Danya Shakfeh is a business attorney and the founder of Motiva Business Law. With a passion for helping business owners prevent legal issues, Danya focuses on providing value and guidance to her clients. She specializes in working with small businesses and has a particular interest in mergers and acquisitions.

Summary: Danya Shakfeh, a business attorney and founder of Motiva Business Law, joins the podcast to discuss the art of business. She shares her journey into the legal field and how she found her niche in business law, specifically mergers and acquisitions. Danya believes that running a business is a form of artistic expression, allowing entrepreneurs to build something unique and different. She emphasizes the importance of creating a business that aligns with your values and stands out from the competition. Danya also provides valuable insights for small business owners, including the need for clear partnership agreements, understanding local regulations, and building a strong team of professionals.

Key Takeaways:

Building a business is a form of artistic expression, allowing entrepreneurs to create something unique and different.
It is important for business owners to have clear partnership agreements to prevent disputes and ensure everyone's roles and responsibilities are defined.
Understanding local regulations and compliance requirements is crucial for small business owners to avoid fines and legal issues.
Building a strong team of professionals, including an accountant and bookkeeper, is essential for managing finances and understanding the financial health of the business.

Quotes:

"If you're comfortable being a business owner, you're not doing it right. It's supposed to feel a little bit scary." - Danya Shakfeh
"You want to stick out. You have to do things differently. And that's where your creative expression can come in." - Danya Shakfeh
"Having a relationship with my clients is a core value of my law firm. I want to get to know them as people and understand their motivations." - Danya Shakfeh

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Contact Danya on
Linkedin: https://www.linkedin.com/in/danyashakfeh/
Phone: 630-517-5529
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-Why IT ExchangeNet?
Since 1998, IT ExchangeNet has created $5 billion in value by selling more than 225 IT businesses in 20 countries. IT ExchangeNet works exclusively with IT-enabled businesses generating between $5M and $30M who are ready to be sold, and M&A decision-makers who are ready to buy. For over 25 years IT ExchangeNet has developed industry knowledge that helps them determine whether a seller is a good fit for their buyers before making a match.

"Out of all of the brokers I've met, this team has the most experience and I believe the best ability to get IT service businesses sold at the best price" - Ron Skelton

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E173: The Art of Business: Expressing Yourself and Building Success with Danya Shakfeh

How2Exit: Buy, Don't Build - M&A of Small Businesses