From Roadblocks To Building Blocks
Episode #201: From Roadblocks To Building Blocks Join us today as Colleen Interview's Patty Block on Take the Leap. In this episode, I had the pleasure of speaking with Patty a business advisor and transition expert who specializes in helping women business owners navigate the often challenging journey of transitioning out of their businesses. If you’re considering a pivot, an exit, or simply want to understand the value of what you’ve built, this episode is a must-listen! Here are three key takeaways from our enlightening conversation: Understanding Your Business Value: Many women entrepreneurs underestimate the value of their businesses. Patty emphasizes that you have built something of worth, and it’s crucial to recognize that potential. Whether you’re looking to sell or pass on your business, understanding its value is the first step in making informed decisions about your future. The Importance of Planning for an Elegant Exit: Transitioning out of your business doesn’t have to be a daunting task. Patty discusses the concept of an "elegant exit," which involves preparing your business for sale or transition well in advance. This means building consistent revenue streams, documenting processes, and ensuring that your business can thrive without you. By planning ahead, you can maximize your business's value and ensure a smoother transition. The Broken Cookie Effect: One of the most powerful concepts Patty shared is the "broken cookie effect." This metaphor illustrates how women often undervalue themselves and their work, leading to a cycle of over-delivering and underpricing. It’s time to break free from this mindset! You deserve the whole cookie, not just the crumbs. Recognizing your worth is essential for both your business and personal growth. To connect with today’s guest: Patty Block Website: https://www.theblockgroup.net/ LinkedIn: https://www.linkedin.com/in/pattyblock/ Facebook: https://www.facebook.com/patty.block/ Patty’s Book: Your Hidden Advantage: Unlock the Power to Attract Right-fit Clients and Boost Your Revenue http://www.yourhiddenadvantage.com/ Offer: Have you built a profitable and valuable business but instead of feeling like there's something missing, you’re feeling like there's something more? You’ve spent decades becoming an expert in your field and building your business. You care deeply about your staff and your clients. You’ve made it this far, delivering excellence and great results. Your clients sing your praises. And yet… As a high-achieving woman business owner running a 7-figure business, you may be wondering ‘what’s next?’ Discover your Exit Readiness Index™ with this assessment: http://she-exits.com/ To connect with the host: Colleen Biggs https://colleenbiggs.net/ Consider Colleen to speak at your next event or host your next Business retreat! Join the Leap Community so you can Step Into the Spotlight, be seen, be heard and be visible today! https://colleenbiggs.net/community/ Subscribe to our podcast for more amazing episodes https://podcasts.apple.com/us/podcast/take-the-leap/id15033595 Join us for the NEXT Empower & Elevate Conference November 15th https://colleenbiggs.net/empower/ Thank you to our Sponsor of today's show: Peacefullliving Why let stress control your life, affecting your sleep and daily routines, when you can find peace instead? We all experience stress, but what if you didn’t have to suffer from it? Imagine feeling better, sleeping better, and changing the way you handle life’s challenges. With the PeaceFull Essentials pass, you get unlimited access to the PeaceFull Living on-demand library and livestream classes, so you can practice Pilates, Yoga, and meditation anytime—whether at home, in your office, or even in a hotel room. With just a click of a button, you can turn any space into a peaceful retreat, releasing stress and restoring your energy. PeaceFull Living offers simple, practical tools that fit seamlessly into your busy schedule. And as a podcast listener, you can get the PeaceFull Essentials Annual Pass for only $49—a $50 savings! Check out the link in the show notes to bring more peace into your life today. Founder Roberta Hughes will be your guide every step of the way, helping you create more moments of peace every day. https://app.arketa.co/peacefulllivng/pricing/checkout/fVqKCBon92Ge4z9hh3bz