Welcome back to the Startup Junkies Podcast!
Our hosts Matthew Ward, Caleb Tally, and Jeff Amerine meet with Jessica Fialkovich of Transworld Business Advisors and Exit Factor in this week's episode. Working in five startups, overseeing millions in transactions, with 1,000 business owners and over 300 deals... we were fortunate to hear Jessica's story and advice!
Thanks for tuning in!
(1:22) Introducing Jessica Yokovitch
(1:47) Jessica's Path to Entrepreneurship
(5:05) Creation of Exit Factor
(7:07) Pro Tips on Business Selling
(9:28) Exiting & Multigenerational Business Plans
(13:56) Small Business Advocacy
(20:20) The Startup Itch
(23:40) Navigating a Husband and Wife Team
(28:23) Advice to Younger Self
(29:29) Wrap Up
"There's this fallacy of protection and security in corporate jobs... I mean, really the only security you can have is for yourself." (2:39)
"There is some emotion around this [multigeneratinal business plans] when they thought it was going to be a legacy business. But, their legacy can continue, because if you can extract finances, you can extract money out of a sale, then you can fund what's going to be the next legacy project for your family and the next generation." (11:29)
"What we've seen is the necessity for dissemination of information and helping business owners get through crises." ( 14:33)
"[Work-Life balance is] just an ebb and flow...Cause it's never balanced." (27:04)
"I always say that I would have told myself, you don't have to do this all on your own." (28:42)