The Cash Rich Exit Podcast - podcast cover

The Cash Rich Exit Podcast

Colleen O’Connell-Campbell, Wealth Advisor at RBC Dominion Securities,thecashrichexitpodcast.libsyn.com
Colleen O'Connell-Campbell hosts The Cash Rich Exit Podcast dedicated to business owners planning for a crucial financial step - exiting your business. Featuring a diverse array of guests from various industries and ideologies, each episode dives into strategies for building not just an exit, but a cash-rich one. Topped off with 'fun, frank advice,' this podcast is your roadmap to a successful business exit.
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Episodes

EP 267 Building trust in business

Welcome back to 🎙💫“I’m a Millionaire! So Now What?”💫🎙My guest on the microphone this week is Natalie Oldfield, a renowned thought leader on trust and the author of "The Power of Trust". Natalie shares with us, Self-made Nation, her expertise and strategies to help you strengthen your relationships with your customers and colleagues. In my conversation with Natalie, you’ll learn: The importance of trust, integrity, and delivering on expectations in business ✅ What the journey to becoming a sp...

Apr 25, 202336 min

EP266 The link between serial entrepreneurship and fear of rejection

Welcome back to 🎙💫“I’m a Millionaire! So Now What?”💫🎙 the podcast in which we celebrate unapologetic wealth creation through business. Today, my return guest on the podcast is Nicole Laframboise, who became an entrepreneur with her first business at 12, when she started fabricating ski hats. Since then Nicole has been a serial entrepreneur with huge wisdom to impart. In my conversation with Nicole, you’ll learn: Why Nicole says: “being naive has gotten me into some very interesting situation...

Apr 11, 202346 min

EP265 The resilience of entrepreneurs

Welcome back to 🎙💫“I’m a Millionaire! So Now What?”💫🎙 Today, my return guest on the podcast is Karla Briones, a Mexican-Canadian immigrant to Canada, who thrives on leveraging her personal experience and empathy to support BIPOC and underrepresented entrepreneurs in the country. An entrepreneur and consultant with an undeniable passion for helping people and scaling a thriving business, Karla is a pleasure to hear from. In this episode we talk about the resilience of entrepreneurs: How COVID...

Mar 28, 202346 min

EP264 It can be as bad as you think it's going to be

Welcome back to 🎙I'm a Millionaire! So Now What?🎙 I'm your host Colleen O'Connell Campbell, and this week, I am in conversation with Angela Sutcliffe, fellow Ottawa-based advisor to small business on proven strategies to make their businesses successful by fostering a leadership mindset that's needed to navigate growth. Angela and I chat about: ✅ The coaching environment and why entrepreneurs need to focus on mindset ✅ What are some foundational things businesses should do during a recession? ...

Mar 14, 202349 min

EP263 The importance of safe workplaces in a recession

Welcome back to 🎙I'm a Millionaire! So Now What?🎙 I'm your host Colleen O'Connell Campbell, in conversation with Karen Brownrigg, founder and CEO of iHR Advisory Services, a firm that provides customized solutions to challenging HR situations by equipping leaders with the tools necessary to create a positive work climate conducive to high performance teams. They specialize in three areas, intelligent HR and business strategies, innovative executive coaching programs, and insightful human resou...

Feb 28, 202350 min

EP262 Where is the opportunity in economic turbulence?

Welcome back to 🎙💫“I’m a Millionaire! So Now What?”💫🎙 I'm your host, Colleen O'Connell, and in this episode, I’ll dive deep into how the terminology around us like ‘recession’ and ‘inflation’ relate to us as business owners, and how that ultimately affects market economics. Listen to learn 👇 What inflation is; and how should you prepare for it? What is a recession? And how do you survive and thrive through one as a business owner that plans a cash-rich exit from your business one day? Examp...

Feb 14, 20239 min

EP261 How to reverse engineer a cash-rich exit from your business

Welcome back to “I’m a Millionaire! So, now what?” I'm your host, Colleen O'Connell-Campbell, and on this podcast, you'll find inspirational stories, practical strategies, and fun, frank advice from diverse business minds! In this episode, I dive deep into the idea of reverse engineering your path to financial freedom as a business owner. I discuss how to plan your cash-rich exit 3-10 years ahead of when you need to. Listen to learn how to: 📝Build and scale your business with a cash rich exit i...

Jan 31, 20237 min

EP260 Fun, frank advice from self-made millionaires

Hello Self Made Nation! Welcome back to “I’m a Millionaire! So, now what?” If you’ve just found us, you’re joining me in the 3rd of a 3 part mini-series that brings you fun, frank advice from self-made millionaires. Your peers - founders, co-founders, and business owners. Stick with me, sit back, click to listen and enjoy. And I do hope it gives you a boost. 💫Fun fact: Bringing you fun, frank advice at the end of each year to prepare you is now officially a tradition. Each year, for the past 3 ...

Jan 17, 202320 min

EP259 Advice to help you conquer fear; from self-made millionaires

Welcome back to “I’m a Millionaire! So, now what?”. Let’s continue to find some motivation for 2023! I bring you fun, frank advice from self-made millionaires to inspire you. Sit back, click to listen, and enjoy. And I do hope you find something life changing in here! Here are some of the pieces to whet your appetite to listen to more: 📌 “I am someone who is Gen Z, who grew up with technology my entire childhood, and the best advice that I would give is deleting social media will help you immed...

Jan 03, 202325 min

EP 258 The fun, frank advice that you need right now!

Hello Self-made Nation. Welcome back to “I’m a Millionaire! So, now what?”. In this episode you’ll find some motivation! Some fun, frank advice from self-made millionaires to inspire you all year. Sit back, click to listen, and enjoy. And I do hope it gives you a boost. Here are some of the pieces that really stood out for our listeners over the years: “Bookend your day with appreciation every single day.” “Never let your business be your baby. Let it grow up… let your business become a petulant...

Dec 27, 202213 min

EP257 The parable of the Mexican fisherman and what it means for business owners in a recession

Hello Self Made Nation Welcome back to “I’m a Millionaire! So, now what?”! Today we're diving deep into a parable about why money isn't everything. Is it a bit ironic that I would be saying that money is not everything… when this podcast is about the celebration of building wealth unapologetically in your business? Stick with me, and click through to listen. You be the judge of whether or not it's ironic that I would say that money is not everything. 📌If you need an incentive to listen, then kn...

Dec 20, 202210 min

EP256 Strategies for ‘selling from love’

Welcome back to “I’m a Millionaire! So, now what?” I'm your host, Colleen O'Connell-Campbell, and today I welcome Finka Jerkovic, passionate sales practitioner and author. A much needed skill for the Self-made Nation as we navigate a recession. Finka is the author of “Sell From Love” in which she presents a three-step framework built on authenticity, empathy, and purpose. A call to shift from transactional to transformational selling. Finka and I dive into: 📝The concept of “Brilliant Difference...

Dec 13, 202240 min

EP255 6 key ratios to track for a cash-rich exit in your business

Hello and welcome to “I’m a Millionaire! So, now what?” with me, your host, Colleen O'Connell-Campbell. Today, let’s talk about what other metrics matter. In this episode you’ll find: 📝Why ‘Revenue is vanity, Profit is sanity, and cash flow is sovereignty’ 📝Why metrics matter for entrepreneurs 📝The Six Metric to start tracking in your business now to start building value There’s so much more to the podcast. Have a listen! 🎧 If you’re looking for more information on tax and financial planning...

Dec 08, 202211 min

EP254 Five small business tax planning strategies for the year-end

Hello and welcome to “I’m a Millionaire! So, now what?” with me, your host, Colleen O'Connell-Campbell. Today, let’s talk about year-end tax strategies! In this episode you’ll find: 📝 The importance of turning obstacles (like taxes) into opportunities (like proactive tax planning). 📝 How to use an individual pension plan (IPP) in your business. 📝 The benefit of paying pending salaries before the year-end. 📝 Ways to declare bonuses and repay shareholder loans before your year-end. 📝 How to c...

Nov 29, 202212 min

EP252 How the law is tool for building entrepreneurial wealth

Welcome back to “I’m a Millionaire! So, now what?” I'm your host, Colleen O'Connell, Campbell, and in this podcast, you'll find inspirational stories, practical strategies and fun, frank advice from diverse business minds! Today I have a wonderful new guest - Andrea Henry, Partner at Henry Brooks Law. She's a Cambridge educated lawyer, entrepreneur, mom of three, and cancer survivor. She supports business owners, especially service oriented businesses, in creating their corporate structures and ...

Nov 15, 202227 min

EP253 Make your marketing dollars go further in a recession

Welcome back to “I’m a Millionaire! So, now what?” with me, your host, Colleen O'Connell-Campbell. Today, I am joined by Susan Diaz, Founder and CEO of c+p digital. Susan is a podcaster, and author of UNboring: take your content marketing from blah to brilliant. In this conversation we discuss how to approach marketing during a recession. 📝 The impact of a recession on Marketing Strategy 📝 The benefits of proactively making smart cuts to your budget during a recession 📝 The importance of nich...

Nov 15, 202229 min

EP251 Can we really find opportunity in a recession?

Welcome back to “I’m a Millionaire! So, now what?”. Self Made Nation, we can’t avoid the elephant in the room any longer. When we look around us as business owners, all talk is about recession. Let’s acknowledge it and plan to ride the rough seas. In this episode, I focus on a few key things to plan for as we head into a bear market. 📝 How to contend with being forced to consider where we all spend/invest in our businesses 📝 Why the real opportunity that may lie in doubling down during a reces...

Nov 08, 202214 min

EP250 🥳 Let’s normalize wealth creation in business

Welcome back to “I’m a Millionaire! So, now what?” Today we pull out the fireworks, because we celebrate 250 episodes. 🥳🎇 In this episode you’ll discover what this odd series of numbers means! Ready? 📝 250 📝 99 📝 137 There’s so much more to the podcast. It brings a spirit of gratitude and joy that will leave you smiling. Have a listen! 🎧 A special request from me to you today; at 250 episodes! Please drop me a 5-star rating. Maybe a batch of reviews 250 episodes in will help me bring the s...

Nov 01, 20227 min

EP249 The importance of intentionality in business exits; even in a bear market

Welcome back to “I’m a Millionaire! So, now what?”, where we are wrapping up our 10-episode masterclass on the subject of building value in your business. Over the past 3 months, in this series, we have focussed on the 8 drivers of company value using the Value Builder System as our framework. Joining me for several episodes in this masterclass has been Louise Motuzas, Co-founder of Thrive Business Consulting, and an accredited exit planner. And between us we have focussed on the drivers; one at...

Oct 25, 20226 min

EP248 The effects of ‘Monopoly Control’ on the value of your business

Welcome back to “I’m a Millionaire! So, now what?”, where we continue our journey into building value in your business. Over the past 2 months, we have elevated the conversations around here (pun intended!) to focus on the drivers of company value using the Value Builder System as our framework. And today we're talking about monopoly control. Joining me for the last time on this masterclass series, is Louise Motuzas, Co-founder of Thrive Business Consulting, and an accredited exit planner. Louis...

Oct 18, 202224 min

EP247 How the ‘Switzerland Structure’ works in business valuation

Welcome back to “I’m a Millionaire! So Now What?”, where we continue our journey into building value in your business. I sat down with Louise Motuzas, Co-founder of Thrive Business Consulting, and an accredited exit planner, to explore the drivers of building value in your business. And today we want to bring you the nuances of a term you minimally known in business (outside of the financial industry): “The Switzerland Structure”. Louise and I deconstruct the topic 📝👇 What is “The Switzerland ...

Oct 11, 202214 min

EP246 How to take feedback from your customers

Welcome back to “I’m a Millionaire! So Now What?”. You’ve found us in the midst of our Value Builder Masterclass for entrepreneurs looking to make a cash-exit from their business in 5-10 years. I sat down with Louise Motuzas, Co-founder of Thrive Business consulting, and an accredited exit planner to explore the drivers of building value in your business. On the docket today is the vital topic of customer satisfaction. Louise and I chat about: 📝 The importance of asking your customer for feedba...

Oct 04, 202217 min

EP245 Growth potential as a driver of value for your business

Today on “I’m a Millionaire! So Now What?”, we continue our Value Builder Masterclass for entrepreneurs looking to make a cash-exit from their business in 5-10 years. I sat down with Louise Motuzas, Co-founder of Thrive Business consulting, and an accredited exit planner to explore the drivers of building value in your business. Today, we specifically dissect growth potential. Louise and I chat about: 📝 The unexpected benefits that COVID brought to people's businesses. 📝 If you’re selling your...

Sep 27, 202214 min

EP244 How to reduce the dependency of a company on its owner

Welcome back! You’re joining us on “I’m a Millionaire! So, now what?” in the middle of our masterclass series on building value in your business. Today, I sat down with Louise Motuzas, Co-founder of Thrive Business consulting, an accredited exit planner to dive into the issue of dependency between a business and its owner. The more dependent your company is on you, as the owner, the less valuable it is to somebody else. How can you reduce dependency and increase your value and your freedom? We h...

Sep 20, 202220 min

EP243 The three financial drivers that determine the value of your business

Welcome back to “I’m a Millionaire! So, now what?”, where we continue our journey into building value in your business. Today, let's talk about three financial drivers of a company's worth that will ultimately drive the value of your business if you want a cash-rich exit in 5-10 years. The three financial drivers of business value are: 📝 Your financial performance 📝 The quality of your revenue 📝 And cash flow sovereignty In this episode I deconstruct how to dive into your business financials ...

Sep 13, 202216 min

EP242 Do you know the value of your business?

Today on “I’m a Millionaire! So, now what?” I bring you back with me in our masterclass series on building value in your business. I sat down with Louise Motuzas, Co-founder of Thrive Business consulting, an accredited exit planner to dive into: 📝 Why you need to know what your business is worth. 📝 Why business owners decide to sell to third parties 📝 The importance of the customers in the ‘value builder’ program. There’s so much more to the podcast. Have a listen! 🎧 If you like what you’re ...

Sep 06, 202226 min

EP 241 Why 70% of businesses that want to sell will not sell

Welcome back to “I’m a Millionaire! So, now what?” This week we’re continuing our masterclass series on building value in your business. I sat down with Louise Motuzas, Co-founder of Thrive Business consulting, an accredited exit planner to dive into: 📝 Why all enterprises owners will eventually need exit and how planning is key 📝 The importance of creating liquidity and transferability in your business 📝 Staying committed to your business goal of freedom and avoiding building a prison for yo...

Aug 30, 202215 min

EP240 Committing to building value in your business

Today on “I’m a Millionaire! So, now what?” We kick off a masterclass series on building value in your business. Every business owner will exit their business. The question is, will it be on purpose or by accident? Unless a business goes bankrupt, there's a death, a disability, or an alternate outcome that is entirely out of your control, it is necessary to put some intentionally into your business exit plan. 📝 Will you transition your business to the next generation within the family? 📝 Will ...

Aug 23, 20227 min

The business of buying and selling businesses

Today on “I’m a Millionaire! So Now What?”, please welcome Christopher Jadhav, a business intermediary at Sunbelt Business Brokers. Christopher works with lower mid-market M&A clients and is a subject matter expert on investment in business immigration to Canada. He works extensively with domestic and international buyers. In this episode, Christopher and I dive into: 📝 What a business broker is 📝 The secrets of selling your business 📝 Fun, frank advice from Christopher Jadhav There’s so ...

Aug 16, 202226 min

EP238 Resources to support a journey into EOS

Hello, listener! On this episode of “I’m a Millionaire! So Now What?”, we’re finishing out a 5-part series that dives in-depth into “The EOS Way” (Entrepreneurial Operating System). My guest for the series has been Scott Morin, owner and lead consultant of Bytown Ventures. In this concluding episode, you’ll find the following: 📝Additional resources for people who like to read - to support your exploration into the EOS way 📝 Why I focussed on EOS ((Entrepreneurial Operating System) and some cor...

Aug 09, 202210 min
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