Planning Your Exit Strategy

Episode 884: Planning Your Exit Strategy, with Randy Tate

Planning your exit strategy anytime soon? Listen to Randy Tate’s advice to learn how you can start planning your exit strategy.

Have you considered planning your exit strategy? If you don’t, then it’s time that you should because it is something that every business owner must anticipate in case something unexpected happens.

Public educator, entrepreneur, and CEO of the financial technology company of iFlip Investor, Randy Tate combines Silicon Valley style with his partner and CTO Kelly Korshak’s Wall Street savvy, creating a software to help the ordinary investor preserve, protect and grow their wealth.

What you’ll learn in this episode about planning your exit strategy:

• What Randy and his team at iFlip have been working on since Randy’s previous appearance on Onward Nation in episode 658
• Why you need to start planning your exit strategy as early as you can
• Why iFlip is on track for 1000% growth this year, and how they have been developing a stock trading app that will be free to the end user
• Why diversification isn’t actually the secret to mitigating investment risk, and why the true secret is to avoid losses
• Why losses and fees compound dangerously and why that fact is aggravated by a lack of industry transparency
• Why Randy believes that every business owner must financially plan for life after their business
• How iFlip’s software anticipated the Q4 2018 market dip and had already moved 87% of the money the software manages into cash before the dip
• Why Randy defines “success” as the ability to continually create new possibilities for yourself
• How to start planning your exit strategy and what are the things you need to consider in this process
• How Randy has overcome fear in his own career, and why acknowledging your fear is the key to beating it
• Why efficiency is the key to iFlip’s software, as well as the key to its continued business success
• Why Randy suggests you automate everything you can as early as you can so that you can more effectively scale

Resources:

• Website: https://iflipinvest.com/
• Text “invest” to (480) 418-0300

Additional Resources:

• Start planning your exit strategy the right way by listening to this advice from David Fairley
• Sell With Authority by Drew McLellan and Stephen Woessner: https://amzn.to/39y7x13
• Predictive ROI Free Resource Library: https://predictiveroi.com/resources/
• Stephen Woessner’s LinkedIn: www.linkedin.com/in/stephenwoessner/
• You can also check out this podcast about planning your exit strategy from our guest, Michelle Seiler Tucker