In today’s episode, we interview TK Kader, the driving force behind ToutApp’s phenomenal $10M in annual revenue. Discover TK’s captivating journey as an owner, from the early stages of the company to its impressive growth.
About TK Kader:
TK Kader, an entrepreneur, international best-selling author, and angel investor, believes in the power of belief, discipline, and an unstoppable strategy to achieve success. With a background at Bridgewater Associates and founding ToutApp, he has an impressive track record in the business world, including the successful sale of ToutApp to Marketo.
TK now leads the Unstoppable movement, empowering entrepreneurs and business owners through his books, such as “How to Punch the Sunday Jitters in the Face” and its second edition, offering actionable steps and valuable insights to unlock their potential, clarify their vision, set goals, adopt peak performance habits, and conquer hidden fears of success.
For a comprehensive book review, check out this page.
When to know it is time for business exit?
There are many reasons why a business owner might decide to exit their business. Some common reasons include:
- Retirement: The owner might be close to retiring and would like to sell the company so they can spend their golden years.
- Health: The owner’s health issues could make it challenging for him or her to continue running the company.
- Loss of interest: The owner may no longer be interested in or desire to be connected with the company.
- Financial issues: If the company is having financial issues, the owner may need to sell it in order to stay out of debt.
- New opportunity: The owner might have recently been made aware of a new opportunity that they are more eager to pursue.
- Peak of business growth: The company is experiencing peak of business growth and it has a high valuation, so the owner wants to sell the company.
It’s crucial to thoroughly explore all of your options and choose the exit strategy that will work best for you if you’re thinking about selling your business. The valuation of your company, the health of the market, and your own financial situation are just a few of the numerous things to take into account.
Your exit plan should include the timeline for your exit, the method for selling your company, and your post-exit plans.
It’s a good idea to speak with an accountant or business advisor if you are unsure about selling your company. They can assist you in analyzing your situation and selecting the best course of action.