Looking to fuel your success this year? Here’s candid advice from 2024’s Brightest Entrepreneurs. Now is the perfect time to reflect, refocus, and set the tone for a successful new year. Throughout 2024, some of the most inspiring entrepreneurs and business professionals shared their candid wisdom on The Cash Rich Exit Podcast. Or as I like to call it: "Fun, Frank Advice".
We’ve run this advice round up column for the Self-Made Nation for 5+ years now.
Why?
To remind us that building, scaling, and exiting a business is part strategy and a VERY LARGE part mindset, perseverance, and connection.
Here are 15 standout pieces of advice to carry with you into 2025:
- Get a Handle on your Numbers: "Your financials tell a story—don’t wait until tax season to read it." - Michael Black. Invest in solid accounting and financial systems.
- “Teach from your Scars, Not your Wounds” - Sheena Brady: Share lessons from past challenges, but only when you’ve processed them.
- Believe in your Vision: "When your product or service resonates, lean into that energy." - Lisa Courtney Lloyd
- Persevere Through Naysayers: "Put yourself out there and stay the course, even when others doubt you." - Remi Theriault
- Love What you Do: "Passion for your industry, team, and customers is essential - it makes the hard days worth it." -Caroline Gosselin
- Embrace Vulnerability: "Vulnerability is not a weakness - it’s the ultimate connection tool for leaders." - Eric Deschamps
- Don’t Overlook Niche Markets: "The biggest opportunities often lie in smaller, underserved markets." - Boris Petkovic
- Find Fun in the Process: "Selling your business should be exciting—celebrate every step." - Laura Beauparlant
- Pick the Right Advisors: "Work with people you trust and connect with personally - it’ll make the journey smoother." - Alexandra Sanguins
- Plan for the Long Term: "Sustainable growth beats flashy trends every time." - Ted Fleming
- Be Authentic: "In business, your individuality is your strength. Embrace it." - Lily Bond
- Invest in Mental Fitness: "Your well-being is as important as your financial health." - Sarwar Qureshi
- Start Early and Be Patient: "Preparation and intentionality lead to better outcomes." - Brad Ezard
- View your Exit as a Team Effort: "Collaborate with buyers for a smoother, more fulfilling transaction." - Susan Blain
- Stop Waiting, Start Creating: "The life you want won’t show up on your doorstep - take action." Eric Deschamps
Each of these insights are steppingstones toward building a successful business and a meaningful legacy.
Ready for More?
Drop me a note to book a 1:1 wealth gap analysis to figure out what your business needs to do to help make your 2025 your best year yet.
Listen to The Cash Rich Exit Podcast Here
Wishing you a happy, healthy, and cash-rich New Year!
TTFN - ta-ta for now!
Colleen
*RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. RBC Dominion Securities Inc. is a member company of RBC Wealth Management, a business segment of Royal Bank of Canada. â / ™ Trademark(s) of Royal Bank of Canada. Used under licence. © RBC Dominion Securities Inc. 2024. All rights reserved*