About Tom Gledhill
Tom Gledhill has founded, built and sold 4 companies during his career as a business owner. He is an M&A Advisor and the author of “How To Sell Your Company And Not Leave Money On The Table”. How to sell a business for profit.
Tom has been in the trenches founding, building, and eventually selling his small businesses. He understands a business owners day to day stress – satisfying customers and staff, meeting payroll, and concern about future sales.
He has combined his experience from building and selling his companies and helping many other business owners sell their companies, to develop the XITpro System to help business owners increase the value of their company, make more money, and make their business more salable.
WEBSITE: https://www.xitpros.com/
Building a business is one thing, and building a business for resale is another. If you have a franchise business can you sell it someday? It is hard enough to build a business to be profitable, let alone building it strategically. You need to know if you are going to exit the business, and sell it at a profit, or are you building the business to continue to operate it into your retirement years?
These are two very different aspects of building a business. My old business partner wanted to create a job for himself, so he is still operating the business that we started. My interest was not in having a job. My interest was more in having a business that paid me passively, regardless of if I was working the business or not.
If you seriously are passionate about what your business is therefore, then you might spring out of bed and jump into your office. Honestly, this is not my desired lifestyle. Therefore I have chosen to build a business that is online, and operates 24 hours a day seven days a week regardless of whether I am on site.
The Internet offers a vast array of opportunity for earning an online income. I have seen a surge of coaching businesses that are teaching everything from social media to fitness to business and marketing and the list goes on. It seems where ever you turn, there is a coach. The coaching industry has become very saturated, so it is important for the coach to find a specific niche so they are not overshadowed by the plethora of business and lifestyle coaches online.
In addition to teaching and coaching, there is the affiliate marketing model, where you promote other peoples products and services, and earn a commission from them. I personally prefer this business model, and that you can do your promotion anytime of the day or night, and the sales and fulfillment are handled by the product creator.
The passive affiliate marketing model is significantly different than the hands on coaching model. Although there are some elements of coaching and teaching that you can automate, and make Evergreen. Four example creating some courses that people can buy and learn on their own. However, there is always going to be some handholding when you have students.
With the affiliate marketing model, you are the middleman, and the creator of the product needs to take care of the customers.
If you have other questions about building a business with an exit strategy, please feel free to contact Tom. WEBSITE: https://www.xitpros.com/
If you are interested in the affiliate model, you can contact me. #MagicBrad
