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About the Guest(s):
John Seiffer is a business coach and author with extensive experience in helping business owners systemize their companies and improve their overall operations. He has been coaching business owners since the late 1990s and is known for his expertise in helping entrepreneurs exit their companies without selling them. John is the author of the book "Output Thinking" and is the founder of CEO Bootcamp.

Summary:
In this episode, Ronald Skelton interviews John Seiffer, a business coach and author, about the concept of exiting a company without selling it. John shares his own experience of systemizing his company and reducing his involvement to just a few hours a month, which allowed him to focus on other interests and ultimately exit the company on his own terms. He explains the importance of defining outputs and creating systems within different areas of the business, such as production, sales, support, and growth. John also discusses the value of documenting standard operating procedures (SOPs) and utilizing technology to streamline processes. By implementing these strategies, business owners can increase the value of their companies and create more freedom for themselves.

Key Takeaways:

Systemizing a company and reducing the owner's involvement can increase its value and create more freedom for the owner.
Defining outputs and creating systems within different areas of the business is essential for scalability and efficiency.
Documenting standard operating procedures (SOPs) and utilizing technology can streamline processes and improve productivity.
Outsourcing or delegating tasks can free up the owner's time and allow them to focus on higher-level strategic activities.
Exiting a company without selling it requires careful planning and the development of a strong management team.

Watch it on Youtube: https://youtu.be/W69Q2Knsa18

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Contact John on
Linkedin: https://www.linkedin.com/in/johnseiffer/
Website: http://www.ceobootcamp.com/
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E192: John Seiffer's Insights on Systemizing and Exiting Companies Without Selling

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