You Know the Value of Your Home —What About Your Business?
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Guest Introduction
Colin Bowman is a partner at Cultivate Advisors and a business owner who successfully exited his first company after 10 years of scaling a multi-location painting franchise across six Western states. Starting his entrepreneurial journey at age 19, Colin transitioned from managing 65 franchise owners and 300 seasonal employees to specializing in enterprise value acceleration for business owners preparing for exit. Since founding his advisory practice in February 2020, he has guided owners through both scaling and exit strategies, helping them transform owner-dependent businesses into valuable, transferable assets.
Summary
In this episode of the Power Exit Podcast, John Marsh welcomes Colin Bowman who shares a powerful insight from speaking to hundreds of business owners: nearly everyone can tell you their home's value, but 90% have no idea what their business is worth—despite it being their most valuable asset. Colin reveals why only 3% of businesses that go to market actually get the value owners think they deserve, and how the concept of enterprise value should be the North Star that matters more than revenue or profit alone. Listeners discover Colin's transformative mentor story about leadership—when he complained "I wish I could just clone myself," his mentor responded: "What I hear you say is, I wish I was a better leader." That moment changed his entire approach to recruiting company builders versus loyal workers. Colin explains why making yourself irrelevant is the key to maximizing business value, how to get your business running on 10 hours per week or less of owner time, and the Shackleton expedition recruiting strategy of listing challenges to attract top talent.
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