Interested in starting your own entrepreneurial journey but unsure what to expect? Then read up on our interview with Ryan Hutchins, Managing Partner of Peak Business Valuation LLC, located in Lehi, UT, USA.
What's your business, and who are your customers?
At peak business valuation, we help buyers and sellers of small businesses feel confident in the value of that business.
Tell us about yourself
There was a gap and lack of respect for small business owners in the business valuation space. I left my previous business valuation firm to help keep small businesses moving forward. Working with small business owners to see the true value of their business and then potentially exit is amazing! I wish every small business owner would think about their future exit! I also love working with individuals buying companies because it means that a business and its employees are staying put and will continue operating into the foreseeable future.
What's your biggest accomplishment as a business owner?
It is being able to employ individuals and provide them with an experience that is unique. Peering into businesses enables my team to see the success and pitfalls of owning and operating a small business. I hope each employee purchases a small business!
What's one of the hardest things that come with being a business owner?
It is keeping everyone engaged in moving the company forward while achieving its goals. I meet with each employee weekly to understand their goals and how we are doing in achieving those goals.
What are the top tips you'd give to anyone looking to start, run and grow a business today?
- It is easier to buy an existing business with a great history of success. The SBA 7(a) Loan program makes it easier for anyone to acquire a business.
- Be a diligent doer. Set business goals and work towards them.
- Surround yourself with those who will give you honest advice and aid you in your success.
Is there anything else you'd like to share?
Being a business owner is difficult but very rewarding!
Where can people find you and your business?
If you like what you've read here and have your own story as a solo or small business entrepreneur that you'd like to share, then please answer these interview questions. We'd love to feature your journey on these pages.
Turn your craft into recurring revenue with Subkit. Start your subscription offering in minutes and supercharge it with growth levers. Get early access here.