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Episode Info: Welcome!"If I can do it, anyone can!" This is just one of many inspirational takeaways you'll hear from business woman Shannon Koller in this edition of the Strategic Change Management Podcast. During this interview Shannon talks about how she successfully sold her Hair Salon business during the recession, by combining a positive attitude with seeking out the right information at the right time. You'll also hear how Shannon 'started with the end in mind' before she even got into business. This approach allowed her to pay-herself-first and never feel trapped as a business owner. She also built a great team of advisors and listened to them when it counted. And when it looked like her banker might not be able to find a buyer in time, she took charge, reached out to her network and also placed an ad in the paper herself, which lead to an offer and a sale. So if you're a Small Business Owner, or an advisor who supports them, then listening to this podcast will be very profitable because you will learn from Shannon's real-life story about what it takes to effectively build a Strategic Change Management plan that will help you get the most value from your business when you exit. High Value Change Management Concepts in this session include: Pay yourself first Always have a Plan B – especially for unforeseen circumstances like illness or divorce Start your business with an Exit Strategy in place - so that you don't feel trapped by your business Invest the time to build a strong team of advisors Be proactive when it’s time to sell your business – don’t just rely on one person to find a buyer, but reach out to all stakeholders including suppliers, colleagues etc. -  and don’t hesitate to place an ad yourself Be positive and helpful - even with your competitors, because they may be able to help you when it's time to sell your business Establish a stream of residual income that earns $ when you don't  have to be there Don't let emotions cloud a deal - for example, if your employees can't afford it, or don't have the ability to run a business, then don't sell it to them Be prepared to get offered a lot less then you think your business is worth Resources and Links Mentioned in this session include: Xocai Healthy Chocolate Sherwood Park Chamber of Commerce Regional Municipality of Wood Buffalo Fort McMurray Chamber of Commerce Keyano College Stephen R Covey BNI - Business Networking International Scotiabank MC College Jey Arul’s
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