Wise Profits
Scaling Businesses from $1M to $20M | Exit Strategy Expert | M&A Operations & Integration Specialist Of the few that do, a mere 15% manage to sell.
Chris Wise is a seasoned business advisor with over 30 years of experience and the founder of Wise Profits. With a notable track record that includes 14 successful exits, 34 M&A transactions, and 2 IPOs, Chris (CAIM™ and CM&AA- certified) and his team at Wise Profits have consistently delivered exceptional outcomes for their clients. Specializing in guiding $1M - $20M revenue companies, Wise Profi
What's the most important thing about exiting your business?
For me, it's this:
👉 Get out of day-to-day and into a place where, if the business was sold, it had little to no impact on your business.
All while taking care of your health, and avoiding burnout, so you can feel motivated to do it all over again.
I spoke about this at the Exitwise podcast. Feel free to listen to the full episode: https://open.spotify.com/episode/6NPa1Qa1k2a7PNzlYqO6fH
For over a decade, Wise Profits has been providing operational and integration services in the world of Mergers and Acquisitions (M&A). We provide an edge to entrepreneurial investors, expanding companies, and investment bankers. Our strength radiates from an emphasis on operational superiority, and a commitment to successful post-acquisition integration.
Wise Profits: Integration Services for M&A Operational & Integration Services for M&A
Wondering how to scale your business from $1M to $50M and beyond?
Often, companies don't grow, because they are doing the wrong things at the wrong stages.
Learn how to focus on the steps that will take your company to the next level here:
Wise Profits Scaling Framework SCALING FRAMEWORK
Did you know that only 1 in 700 companies successfully sells?
90% of the companies don't even scale and fail within the first 5 years. 85% of those that do make it never sell or sell for less than what the founder anticipated.
Find out why & how to get your company exit-ready:
Wise Profits: Exit Services Exit Services
I would like to help one person this week for free as a way to give back to other entrepreneurs. I want to help a business owner who is driven but struggling. You need to be making more than 10,000 per year from your business but less than 100,000.
The person who I choose to help has to be willing to have the custom plan I build for them shared with others in this thread so everyone can learn. You also have to be willing to report in your results monthly to me.
The plan I put together for you has to be focused on you making more money with your business. 💯
If you are interested in applying comment below with the type of business you have, what is your major obstacle and what is your desired outcome.
Feel free to tag a friend.
I will choose someone on friday and design the plan over the weekend and post it back in this thread.
Are you an entrepreneurial visionary? The number one reason that is holding you back from accelerating your profits, and expanding your business is an inability to understand operations, click the link to get the insight you need with our free eBook:
https://wiseprofits.net/visionary-integrator-ebook/
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Did you know that integrating AI into your business operations can lead to a minimum of $100,000 in yearly increased revenue or productivity? Explore how our AI Assessment and Integration Solution can help your business thrive in the age of innovation.
https://drive.google.com/file/d/1EsGFDUSJdFoDrQ_7JwtuMaF3eO-eqGEB/view?usp=share_link
Keeping track of key performance indicators (KPIs) is crucial for construction companies to measure success and identify areas for improvement. Check out this infographic to learn about the most important construction KPIs and how to use them to drive your business forward.
You have to give up control to find self-awareness and acceptance.
If you are already a podcast listener, please search for Dreamcatchers on your favorite platform. If not you can grab the audio by clicking this link:
https://podcasts.apple.com/us/podcast/dreamcatchers-hosted-by-jerome-myers/id1455776307
or the video by clicking this one:
https://www.youtube.com/channel/UCj9lIRCit-ULEiI4GTuJ4ww
The most comprehensive key SaaS metrics.
The Winders Group Case Study
Tony Winders re-invented his market offering, doubling his revenue in the process, and he did it through self-love and being on top of his metrics. Read more:
https://drive.google.com/file/d/1AGDt3b-YQTpRzK_s5oU3eE9ZNwtIVEO8/view?usp=sharing
Want to increase productivity, profit & have a mission driven business?
In this episode of the Little Blue Pill Podcast I interviewed Chris Wise. Chris is the Founder and CEO of Wise Profits and a business consultant. He helps people build profitable and impactful businesses while loving yourself. When you learn how to raise your love quotient, you will unlock the ability to be more effective at creating the results you want to see in your business.
Learn how self-love helps you scale your business.
Check it out!
https://podcasts.apple.com/ca/podcast/self-love-scaling-your-business-chris-wise/id1524612462?i=1000582305249
Michelle Nedelec
Swirly Curly Case Study
When we started working together, Swirly Curly’s annual revenue was around $200,000.00. Their goal for 2019 was $500,000.00. I helped them hit that goal, more than doubling their revenue. A month ago, they had their first $100,000.00 month, $30,000 of which was profit putting them on track for cracking their first 7-figure year. Read more:
▶️https://drive.google.com/file/d/1eoKUdXe6-7BJy-O6eImO46d7AZZPyYwa/view?usp=sharing
With the help of the right Business Consultant, there can be exponential growth. Businesses tend to get so set in their ways that sometimes the problem holding them back is right under their noses. A business consultant offers an opportunity, not only to grow but to be reminded of you and your business's potential, to have a perspective change, and to ensure a return on your investment.
Ever wondered how your business grows with you? Sure you realize after a while how you have grown, but just as you gain experience your business slowly does too. See below, and leave a comment telling us at what age your business is:
Finding the right consultant is critical for your business's success. Every business is unique, with its own problems and quirks, so why settle for the average consultants that have a set of cookie-cutter solutions? See how we compare - Make a Wise choice and choose the best there is for your business:
I’m often asked how I help my clients create such massive results in their business, both personally and professionally.
In the following Video I take you through an overview of the key tools, techniques and frameworks we employ to help our clients optimize their growth.
By using this tried and tested method, we can clearly identify our client’s most pressing challenges and provide solutions to successfully and sustainably scale their business.
Not only does my scaling method help founders and CEO’s 10X their revenue, it helps them do so while living the life they desire.
See how we can create results for you - Video - https://www.loom.com/share/59cf4639b220424ba4c4e556bc28ba23
This is the Google Slide I reference in the video - https://docs.google.com/presentation/d/1VyPS2Z_TLAYpqIkB9dm1343ZyE7sgBrsg9Rvecln-OA/edit?usp=sharing
Wise Profits Overview Our 3 Steps to Scaling Our Scaling Framework Business Philosophy Love Yourself, Love Your Business Knowing Your Business is Loving Your Business Business, Metrics and Love… putting it all together Overview of Wise Profits
In a meeting today, I asked my clients if they had an exit strategy and they all gave different answers.
“Haven't you ever discussed this?” I inquired.
``Yes and we have different ideas, but what does it matter?'' they answered.
Me: “Well, you’re not building the same thing”
When developing a scaling plan, it sometimes serves my clients’ best interests to work backwards from their exit strategy. This ensures that we build that future outcome into the scaling framework.
Make sure that you and your partners have the same exit strategy in mind because it impacts what you do today and how you are doing it.
If you and your partners don't have the same idea of where you are going, it can lead to confusion and conflict. That’s why this is one of the first things to get right when planning for the future of your company.
Are you crystal clear on what you want your business to look like in 5 years?
I maximize my workout results by hiring experts.
My client’s work with me because I am an expert at scaling businesses, so naturally when I decided I wanted to sculpt and train my body I hired an expert of my own :) my online personal trainer, TJ. (Pictured here)
I want to work with people who are experts in their industry because they can get me better results. Working with the best makes me want to succeed and I know that I can do so much better having an expert mentor me than trying to do it on my own.
Working with TJ saves me wasted time, effort and energy and gets me results I don’t feel I can get my own. That’s why I choose to work with TJ and why my clients choose to work with me.
Do you have an expert in your corner for growing and scaling your business?
For most companies, mission and vision are empty rhetoric.
When developing a scaling plan, I usually conduct a survey and one of the questions I ask is: “Do you know what the company’s vision and mission are?”.
When the team provides conflicting or outdated versions of these, I see it as a growth opportunity.
Making sure that your mission and vision are consistently communicated throughout the organization and that they’re repeated, visible and accessible helps your team to understand how what they're doing on a daily basis relates to the company’s mission.
You would be surprised how many times simple initiatives like this can lead to a noticeable increase in revenue.
If I asked your team what the mission and vision for your company is, do you think they would be able to clearly articulate it?
Raising one's LQ or Love Quotient is one of the tools Wise Profits uses in helping companies grow and scale effectively.
One of the first steps in helping CEO’s and Visionaries raise their LQ is shifting their perspective on what love means.
When we build a successful business, pay our team members on time, create a great culture, hit our goals, have a profitable business, build great relationships with those we do business with… all of these things are actually love in action.
It is a loving action to be successful.
It is a loving action to make a profit.
It is a loving action to make a product or service that makes a difference in the world.
When you expand your definition of what love in action looks like in a business it will powerfully impact your own life and it will be a powerful new context in which to grow a company.
What does love mean to you?
Business was booming for my solar energy client, but the company was in chaos not only because they had no CEO but also because the owners did not share the same vision.
Each of the owners had a vision of where the company was going. They had conversations about what they thought needed to be prioritized, but nobody stepped up to synthesize their vision or outline how it would be accomplished.
The partners each went and executed on what they thought needed to happen. Often their goals were in conflict with one another, and resources were stretched thin, with little progress being made. The result was confusion, frustration, and chaos.
Not having a CEO who took ultimate responsibility for the direction of the company was holding them back.
When one of the partners in this example stepped up as the CEO, it created a forum for decision making. Each partner now tables their plans at the executive meeting. Programs are evaluated and discussed objectively, with the CEO deciding how things should be moving forward.
After they did this, the number of internal conflicts reduced and they started executing more effectively.
Having one person who is responsible for providing direction and driving growth in the company is crucial.
Do you know who that is in your company?
After my post about the CGM (continuous glucose monitor) and the importance of being physically fit, I got lots of DM’s asking me how I make time to stay in shape.
For me, it came down to a question of timing.
There have been times that I tried working out in the evenings, but most days I ended being too tired and so it became challenging to do consistently.
Because this was something I really wanted to do, I prioritized working out in the mornings.
Even though it interrupts my workday, I’ve still been able to take that time every day to work out.
After a while, it became habitual and that mid-day break from work has actually improved my productivity by lowering fatigue.
What has worked best for you?
When somebody is a visionary, a lot of times they don't have the ability to see the details of ex*****on. Because they don't understand how long things take, they tend to get restless.
That's one of the biggest things that creates a gap between a business owner’s expectations and his team’s ability to deliver.
The first thing I do in this case is help the visionary/owner see that he is a part of the problem. By constantly changing direction, introducing new strategies and new marketing plans, not only does he keep on moving the goalposts, he actually creates instability and uncertainty within his business.
Because a visionary has all these different ideas if he/she keeps leading ex*****on, it causes confusion in the organization. What this team needs is an integrator.
An integrator is someone who has a pulse on the organization and who helps the team organize, systematize and prioritize how things are getting implemented.
By introducing a decision making framework and appointing an integrator we can bring structure to a chaotic environment.
As a visionary are you often frustrated at how slowly things are moving?
*****on
I had this amazing shrimp and corn chowder in Mexico City… YUM! What is the best thing you ate this week?
This week I had to get super-real with one of my clients. I had to sit him down and say to him, “You have a great team and they are executing at the right pace but unfortunately your expectations are unrealistic”.
Entrepreneurs loath hearing these types of things and I can understand why.
Here’s the thing. Visionaries wanna go fast! If their businesses are not growing at the speed they think it should, they get really frustrated.
What I did in this scenario was to get the client’s ideas out of his head. We worked out a system to capture his thoughts, ideas and plans so that they don't get lost.
We then sorted and categorized them before prioritizing which ideas can be actioned now and which ones need to be shelved.
By doing this analysis, and actioning some of what was brewing inside him, he felt as though he was in momentum again. He had immediate relief, and he now knows that nothing will get lost or forgotten and that there is a system and process for prioritizing and helping him bring forward his vision.
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