The 3 Questions Every Business Owner Should Ask with Mike Finger

The Laundromat Millionaire Show with Dave Menz

What do you really want from your business? In this episode of The Laundromat Millionaire Show sponsored by H-M Company at draintroughs.com, Dave and Carla interview Mike Finger of Exit Oasis as he reveals the 3 questions every business owner must ask themselves about their business. Avoiding these questions and the necessary pivots they may require could leave you devastated! This is an essential listen for all small business owners!
Referenced Links:
Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.com
Exit Oasis Website: https://exitoasis.com
Mike’s LinkedIn: https://www.linkedin.com/in/mike-finger
Spotlight – Our WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/
Our Website: https://www.laundromatmillionaire.com
Our Online Course: https://dave-menz.mykajabi.com/sales-page
Our Youtube channel: https://youtube.com/c/LaundromatMillionaire
Our Podcast: https://laundromatmillionaire.com/podcast/
Our Facebook: https://www.facebook.com/laundromatmillionaire/
Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaire
Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/
Our Instagram: https://www.instagram.com/laundromatmillionaire/
Our laundromats: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
LaundroBoost Marketing Company: https://laundroboostmarketing.com/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
Graphic: https://www.azquotes.com/quote/1315984
Graphic: https://www.wallstreetmojo.com/employee-stock-option-plan-esop/
Timestamps
00:00 Episode 81 Intro
01:27 Event Spotlight: The Laundromat Millionaire WDF & Delivery Workshop
02:23 The Laundromat Millionaire Show Intro
02:41 Creating and Turning Around an “Unsellable” Business
12:51 What If You Never Plan to Sell?
15:35 Impact on Those Looking to Buy a Business
17:09 Learning from Others vs The School of Hard Knocks
20:23 Finding the Right Coach to Simplify the Complexities
22:03 A Simple Approach to Creating a Sellable Business
23:25 The 3 Questions Every Owner Should Ask
25:37 What Makes a Business “Desirable”?
27:42 Lifestyle of a Business Owner
30:17 Ownability vs Sellability
30:55 The Importance of Just Starting
32:36 The 2 Areas that Make Your Business Replicable
35:39 If You Can’t Prove It, It Didn’t Happen
40:07 How Mike Made His Business Sellable
41:31 Are You Pricing Your Services Correctly?
43:45 How Can You be a Passive Owner?
45:46 Will Your Business Provide a Comfortable Retirement?
49:45 Can Your Business Run Without You? Building a Team
55:08 Giving Yourself Options
57:41 Closing Remarks & Contact Info

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1. The 3 Questions Every Business Owner Should Ask with Mike Finger (00:00:00)

2. [Ad] Power in Chaos (00:10:10)

3. (Cont.) The 3 Questions Every Business Owner Should Ask with Mike Finger (00:10:47)