Latest / Pillow Talk 2 Profit: Power Couples Build Empires / Keep It or Sell It | EP. 10

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Keep It or Sell It | EP. 10 · Pillow Talk 2 Profit: Power Couples Build Empires

• 0:00
  SPEAKER_00: Power couples in business.
• 0:01
  SPEAKER_00: When you have a brand, you're part of a franchise, or you start something from scratch, do you keep it or do you sell it?
• 0:09
  SPEAKER_00: Today we're going to be talking about is it the best time to exit?
• 0:12
  SPEAKER_00: Should you exit?
• 0:14
  SPEAKER_00: And what to do.
• 0:15
  SPEAKER_00: So let's get into it.
• 0:25
  SPEAKER_00: I'm Gigi.
• 0:26
  SPEAKER_00: And I'm Evans.
• 0:27
  SPEAKER_00: And we are Dynamic Duo Speaks.
• 0:30
  SPEAKER_00: When we first started our business, I always told Events, I am not committed to any business.
• 0:36
  SPEAKER_00: So I will sell when the time is right.
• 0:41
  SPEAKER_00: But your perspective was a little different.
• 0:43
  SPEAKER_01: Yeah, if the if the if if the price is right and also to it, are we building a legacy, yeah a legacy brand or a legacy business.
• 0:52
  SPEAKER_01: So that was my perspective.
• 0:53
  SPEAKER_01: Like, okay, uh, which one are we, which one are we doing?
• 0:57
  SPEAKER_01: Um, and not in over the years, not to have uh be attached emotional uh to it, because it's something that we build and we could we could uh sell, go to the next chapter.
• 1:09
  SPEAKER_01: So that was my that was my mindset.
• 1:10
  SPEAKER_01: Yes.
• 1:11
  SPEAKER_00: So the first one, like he said, you have to know what exactly you want with your business.
• 1:18
  SPEAKER_00: You know, is it a legacy business?
• 1:20
  SPEAKER_00: Are you building this to sell?
• 1:21
  SPEAKER_00: So in the beginning, you have to have that communication of what do you want to do?
• 1:26
  SPEAKER_00: Because no matter what type of business it is, there's always got to be an exit plan.
• 1:30
  SPEAKER_00: Yeah, right.
• 1:32
  SPEAKER_00: So for couples that do want to sell and they do want to exit, what happens if the other couple says no?
• 1:46
  SPEAKER_01: I don't sell on that.
• 1:48
  SPEAKER_01: No, I that's I think now we have some somewhere uh uh along the line, like the the the goals or the vision change for the other person.
• 1:57
  SPEAKER_01: The other person didn't tell the other person that.
• 2:00
  SPEAKER_01: Yeah.
• 2:00
  SPEAKER_01: So we just gotta go back to the board, okay.
• 2:03
  SPEAKER_01: What was the reason?
• 2:04
  SPEAKER_00: Yeah.
• 2:05
  SPEAKER_01: What's the reason that what you you're not you don't want to sell?
• 2:07
  SPEAKER_00: Yeah.
• 2:08
  SPEAKER_01: Because if the other person, because that could become a an issue now, yeah.
• 2:11
  SPEAKER_01: No, for the for for for the business and for both partners.
• 2:15
  SPEAKER_01: Yeah.
• 2:15
  SPEAKER_01: No.
• 2:16
  SPEAKER_01: So you you you gotta go back to the to the why.
• 2:19
  SPEAKER_01: Why did we start?
• 2:20
  SPEAKER_01: Go back to the to the to the vision.
• 2:22
  SPEAKER_01: Now it's always go back to that, because that's the goal.
• 2:26
  SPEAKER_01: Okay, why did what was the reason that we start this thing?
• 2:29
  SPEAKER_00: So if you are a couple in business and you have any ideas or you want to give a tips, go ahead and share it in our pillow talk to profit community.
• 2:38
  SPEAKER_00: You can go ahead and find us on www.thedynamic duo speaks.
• 2:43
  SPEAKER_00: And we want to know what are some of your exit strategies.
• 2:46
  SPEAKER_00: I'm GG.
• 2:46
  SPEAKER_00: And I'm Evans, and we are Dynamic Duo Speaks.