S3E7 - Jason Skeesick - How to build and sell a business

If you are building a business, you need to put systems in place early, to make sure you have an exit strategy that actually pays off. My next guest has a history of building and selling 2 different service businesses. In this episode, we talk about how to structure the payment models, how to improve operations, and how to add more value for the buyer. Please welcome Jason Skeesick. Key Timecodes (00:39) - Show intro and background history (01:50) - Deeper into his background history and entrepreneurship strategies (02:56) - Understanding his first business model (05:34) - How and for how much did he sell this business (06:36) - Understanding his second business model (08:18) - Deeper into his entrepreneurship philosophy (10:39) - How about the numbers of revenue and growth (12:24) - What really changed the game for him in this business? (15:23) - How does your business billing system work? (16:29) - The importance of an automated payment system to get a constant revenue stream (18:38) - Deeper into the business valuation and selling process (21:43) - Deeper into how works her mastermind group (18:50) - How about his consulting business model (23:41) - What are his businesses today? (25:58) - Deeper into his educational business model (26:39) - What about the pricing policy on these platforms? (27:43) - Does it limit the number of participants on its educational platforms? (28:57) - How he scales his mastermind platform (29:54) - How much does he charge for his courses? (30:38) - A message from the guest (34:04) - The worst advice he ever received (35:25) - The best advice he ever received (36:19) - Guest contacts Payback Time Podcast Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.