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119 | Is Your Business Exit-Ready: The Number One Mistake Entrepreneurs Make with Pete Mohr
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In this episode of The Million Dollar Flip Flops Podcast, Rodric sits down with Pete Mohr, a lifelong entrepreneur and exit planner, to talk about why every business should be exit-ready—even if you don’t plan to sell.
Pete shares his hard-earned wisdom from 30 years in business, including how to structure your company so it runs without you, why entrepreneurs often undervalue their businesses, and the biggest mistakes people make when thinking about an exit.
If you want to build a business that supports your life (instead of the other way around), this episode is a must-listen!
Key Insights:
- Your business should always be exit-ready—because 50% of exits happen unexpectedly
- Business owners often undervalue their company and don’t realize how much it’s really worth
- A big red flag for buyers? When the owner is too involved in daily operations.
- Whether you sell or not, build your business so it can run without you
- The best businesses give the owner freedom—not just a job they can’t escape
Quote:
“Your business is probably your biggest asset next to your home. You can't afford not to be exit-ready.”
– Pete Mohr
Guest Links:
Resources:
Ready to transform your business and your life while making a difference? Grab your copy of *Million Dollar Flip Flops*—the ultimate guide to creating a life and business that feels just as good as it looks. And here’s the best part: 100% of the proceeds go directly to our foundation, Send a Student Leader Abroad, with a goal of sending 1,000,000 deserving kids on life-changing trips around the world.
As a thank you for your support, we’re offering exclusive bonuses available only for our podcast listeners. These bonuses are packed with extra tools and resources to help you implement the principles from the book faster and more effectively.
Don’t miss this opportunity to gain invaluable insights, impact a young leader’s life, and be a part of something bigger.
Click the link, order your copy, and claim your listener-only bonuses today!
Together, let’s change lives—one trip at a time.
www.MillionDollarFlipFlops.com/book
**P.S.** Every book you buy gets us one step closer to sending 1,000,000 kids on life-changing adventures. Let’s make it happen!
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