Jan 01 2025 29 mins 3
Andy and Jessica welcome you to another episode of The Deal Board Podcast. This week, they are once again joined by JT Tatem, President of Transworld Business Advisors, to share the 8 W’s of Goal-Getting, an actionable system to turn your ambitious goals into achievements! From writing down your intentions to tackling the all-important "work," JT delivers relatable examples and expert tips for entrepreneurs looking to grow, buy, or sell a business in the year ahead. If you’ve ever struggled to move from planning to action, this episode will equip you with the tools you need to break through obstacles and keep your goals on track. Tune in and get ready to become the ultimate goal-getter in 2025!
Listing of the Week:
Ryan Armstrong is selling a booming med spa business in Arizona. With $1.5 million in sales and $350,000 in SDE, this turnkey opportunity comes fully equipped with a nurse practitioner on staff. Priced at $1.5 million, financing is already set up, making it easier than ever to step into this thriving industry. For more information, call Ryan at (480) 447-3504 or email him at [email protected].
Deal of the Week:
Michael Shea recently sold a 40-year-old general mechanic shop in St. Petersburg, Florida. With nearly $2 million in revenue and over $350,000 in cash flow, the business was sold for $900,000 through an SBA loan. The buyer, an industry professional, was able to step in and manage the business smoothly. To learn more, contact Michael at (407) 745-0466 or email him at [email protected].
Key Points From This Episode:
[03:35] The 8 W’s of goal-setting: from writing down goals to doing the work.
[06:43] Delegation tips from JT: can someone else do it as well as (or better than) you?
[07:50] Why it’s important to stay organized, be committed, and leave room for adjustment.
[10:03] How to manage time, prioritize tasks, and stay motivated by “eating a frog.”
[11:39] A poignant reminder that hard work is unavoidable!
[13:11] Accountability partners to keep you on track and help you get it done.
[15:51] Reasons that planning and preparation (with a healthy dose of flexibility) is key.
[19:52] What it looks like to apply the 8 W’s to selling or buying a business.
[24:14] Why adaptability and readiness are essential for unexpected opportunities.
[27:05] Listing of the Week: Ryan Armstrong (Transworld Phoenix) is selling a thriving med spa business in Arizona, generating $1.5 million in sales and $350,000 in SDE.
[28:38] Deal of the Week: Michael Shea (Transworld Lakeland) sold a highly profitable 40-year-old general mechanic shop in St. Petersburg, Florida, for $900,000 through an SBA loan.
Links Mentioned in Today’s Episode:
Subscribe to The Deal Board Podcast YouTube Channel
Call us on (888) 719-9098
Email us at [email protected]
Ep 163: Goal Setting and Getting Principles: The 8 Ws of Goal Setting
Ep 143: Setting and Executing Your Goals: Eight Ws for a Successful 2023
#thedealboard #transworldbusinessadvisors #realestate #commercial
Quotes:
“If someone can do it as good as me, better than me, or good enough, I’m going to delegate it to them.” — JT Tatem [0:06:59]
“[Brian Tracy] would say that a perfect plan delayed indefinitely is beaten by an imperfect plan implemented immediately.” — JT Tatem [0:11:55]
“Distractions are going to come one way or the other. Your job is to decide whether or not you’re going to let them come in and invade [your time]. Keep the appointment with yourself.” — JT Tatem [0:14:59]
