In this episode, Jeffrey Goodman, Director of Marketing and Development for the YMCA of Northwest Louisiana, sits down with Kempten Schwab, STS Managing Director, to learn about the philosophy and strategies behind his successful career. From leading teams with the intention to navigating business exits, Kempten shares valuable insights drawn from his unique experiences in both sports and business.
During their conversation, Kempten unpacks the lessons he’s learned from sports, his hiring philosophy, and the importance of proactive exit strategies. He also shares advice for entrepreneurs on how to maintain organizational readiness and why clear goals and relationships are key to success.
Here are a few takeaways you can expect to uncover in this podcast:
- Hiring with Purpose: When building your team, prioritize individuals who demonstrate strong character and align with your company’s values. Focusing on collaboration and altruism over individual gain. This approach builds strong, long-lasting professional relationships.
- Applying Lessons from Sports: Leverage the power of teamwork in your professional life. Just like in sports, business success relies on supporting your team members.
- Encouraging Critical Thinking: Foster a culture of curiosity and open inquiry within your organization. Regularly encourage your team to question assumptions and explore new strategies to improve decision-making.
- Planning Your Exit Early: Develop a clear exit strategy long before you’re ready to sell your business. Proactively think about potential strategic buyers, timing, and both your personal and business desired outcomes. This ensures you won’t make rushed decisions under pressure, to achieve an Extraordinary Exit.
- Leveraging Expertise with STS Capital: If you’re considering selling your business, work with experts who understand the complexities of the process. STS Capital Partners can guide you through a smooth transition, helping you maximize the value of your sale while addressing the needs of all parties involved.
- Ensuring Operational Readiness: Keep your business organized and ready for potential buyers by maintaining accurate financial records, streamlining operations, and addressing any gaps. A well-prepared business is more attractive to strategic buyers and makes the due diligence process easier.
- Clarity and Relationships for Success: Set clear, actionable goals for your business and focus on building authentic relationships with clients, employees, and partners. By staying positive and intentional in your approach, you can create sustainable growth and long-term success.
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