Business Exit Stories with Marvin Storm

On this episode of the DailyBrag I sat down with Marvin Storm, host of the Business Exit Stories podcast. Marvin comes from a family of business owners, his father was a mechanic who owned a shop, and Marvin would spend time at the shop during the summer where he would help his dad and watch him manage the business.

After graduating college, Marvin went to work for a large national CPA firm , while working at the firm, he would go after work to play basketball, it was during this time that Marvin met the person that would become his business partner.  After resigning, Marvin and his partner started with a 300 sqft office with two desk facing each other and a telephone. Marvin and his partner built up the business and eventually sold it after 10 years.

Marvin's mission is to help entreprenures develope their business exit stratergy through his
Business Exit Stories podcast. Marvin shares some great advice throughout this episode on how to sell your business and the steps in doing so. He states at the end that "you're probably not going to live forever, and that means you're not going to run your business forever. And so if that's the case, then you should start thinking about how you're going to get out of it and who's going to be buying it. It's either going to be someone you know, someone you don't know or you're going to close it up and wind it down. Those are the only three choices. If those are the three choices, you should figure out which one is best for you."

Please be sure to visit Marvin's site at https://marvinlstorm.com/

Also DOWNLOAD free copy of How to Double the Amount of Money
You Put into Your Pocket When You Sell Your Business

Get a copy of Marvin's book Pack Your Parachute

All music for theDailyBrag was produced by 7th EMP Music