In this episode, A.J. Lawrence and Chris Younger dive into how to build value beyond profit in your business. Discover the importance of focusing on your business purpose, team building, and finding the right talent to drive growth and create long-term value for customers. Chris Younger, CEO and Co-Founder of Class VI Partners, brings over 25 years of experience in growing, acquiring, and selling businesses, offering insights into the entrepreneurial journey. Learn why being intentional about your business from the start, using your WHY to drive purposeful growth, and incorporating artificial intelligence can make a significant impact.
If you're an entrepreneur seeking to build a business that aligns with your values and stands the test of time, this episode is a must-watch.
EPISODE HIGHLIGHTS:
- Team Building for Growth: Invest in team building for swift scaling and improved work-life balance. Focus on expertise, delegate, and enhance your life as an entrepreneur. (01:25)
- Talent Alignment for Success: Identify gaps, match talent to roles. Operating talent drives success and smooth operations. Bring the right people on board. (03:53)
- Purpose-Driven Scaling: Beyond profits, prioritize long-term customer value. Keep your WHY and deeper business purpose at the forefront while scaling. (10:00)
- Exit Strategy from Day One: Plan your business exit early. Intentional beginnings pave the way for a purposeful, healthy business growth trajectory. (14:06)
- Wealth Building vs. Selling: Selling isn't always the best choice. Explore growth potential and profitability within the business. Building wealth within the business might outweigh immediate sale benefits. (25:49)
- AI Advantage: Embrace AI's transformational power. Leverage AI to enhance efficiency, cut costs, and accelerate operations in your industry. (30:33)
ABOUT CHRIS YOUNGER:
Chris is the CEO and Co-Founder of Class VI Partners, a company that provides investment banking and financial advisory services to middle-market businesses and entrepreneurs. He founded the company with a grounding mission to empower and celebrate entrepreneurs he believes are essential to our communities. With over 25 years of growing, acquiring, and selling businesses, Chris brings a wealth of expertise and understands the rocky entrepreneur’s journey well. He is passionate about helping business owners match their personal goals to their business planning and build a business that serves them.
He also co-authored “Harvest: The Definitive Guide to Selling Your Company“, a step-by-step resource he crafted with David C. Tolson. This book offers crucial insights for business owners to achieve maximum value and create effective exit strategies, highlighting the immense rewards of thoughtful business planning.
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