Patty DeDominic’s 4 Tips for Shaving Years Off Your Exit
“If somebody wants to maximize their exit, timing and dollar return, they want to start thinking like a strategic advisor and less like a COO or operator,” says DeDominic & Associates CEO and Chief Catalyst Patty DeDominic (WPO Santa Barbara). Patty is a business coach and advisor who not only has made her own advantageous exits, but has been instrumental in the growth and exits of some of the world’s biggest names.
Below, are Patty’s top four tips for shaving years off your exit:
1. Plan Your Timing: Put on a strategist’s hat three years in advance and think about how to maximize your EBITDA and reduce your business’s vulnerabilities. Ask yourself:
- Do I have a concentration of accounts? Diversify where possible.
- Do I have a weak management team? If a buyer sees that only you and one or two other people are running the company, it is not as scalable, and if you lose one or two key people, you potentially lose the heart of the business.
- Do I have a limited product or service line? Again, diversity is key.
- How am I positioned in the market? Am I a manufacturer of products that were hot years ago, or ones that are going to be hot in 2020? If are you are in a declining industry, figure out how to move into an exciting growth industry.
December 2, 2015
Patty DeDominic: The Force Behind Today’s Business Leaders and Tomorrow’s Innovators
As a young woman, Patty DeDominic set her sights on becoming a millionaire by the age of 30–a lofty goal, considering that relatively few women held executive-level corporate positions at the time, and
even fewer were entrepreneurs. However, Patty grew up with the mindset that she could accomplish
anything with a positive attitude, hard work and determination. She formed PDQ Personnel Services in 1979, combining her passion for people with what she believed was an underserved niche in the staffing market. “Growing PDQ to become a successful business wasn’t and entirely smooth ride,” admits Patty. Read more
October 29, 2015
Patty DeDominic Presented with the INSPIRIQUE Circle of Light Award
Patty DeDominic, CEO of DeDominic & Associates was presented with the INSPIRIQUE Circle of Light Award on October 25th, 2015 in Santa Barbara. The award inspired by Oprah Winfrey’s landmark series BELIEF. The BELIEF Awards highlights those who have used their belief and faith to overcome challenges and now serve as an inspiration to others. In addition, the award recognizes people of achievement who fit into on of the following categories: Having exemplified excellence in their field of business, dedication as a community builder, philanthropic work or using an entrepreneurial approach to better their community. This is an award with global impact and recognition.
Patty’s has been honored alongside Barbara Marx Hubbard, Kathy Ireland, Rickie Byers Beckwith, Betsy Hall McKinney, Linda Cruse, Allyn Reid, Rita Davenport, Mayor Helene Schneider and many other inspiring leaders.
To learn more about the award and how you can nominate an inspiring woman who embodies excellence in their community, contact Tia Walker, Executive Director of the INSPIRIQUE Awards, Tia@theinspiredceo.com
October 28, 2015
Patty DeDominic Honored by the POTUS, Barack Obama with a Lifetime Achievement Award
Patty DeDominic, CEO of business consulting firm DeDominic & Associates, received a Lifetime
Achievement Award from President Barack Obama in October 2015.
DeDominic was presented with the award for her life-long commitment to building a stronger nations through volunteer service. Read More
October 15, 2015
Patty DeDominic Honored with the 2015 NAWBO Susan Hager Legacy Award
The National Association of Women Business Owners (NAWBO) honored the lifetime achievements of Patty DeDominic at its 40th anniversary celebration with one of its most prestigious awards, the Susan Hager Legacy Award.
Jen Earle, CEO of NAWBO, said, “The award celebrates the accomplishments and contributions of exemplary women who have led the way in women’s business community and for building a legacy for the next generation of entrepreneurs. Read more
July 13, 2015
Best of Santa Barbara 2015
for Business Management Consultants
DeDominic & Associates was awarded the Best of Santa Barbara 2015 for Business Management Consultant for adding value to small businesses and entrepreneurs who are facing the challenges of an increasingly competitive local economy.
“The Santa Barbara Award Program chooses only the best local businesses. Their focus is on companies that have demonstrated their ability to use various marketing methods to help others grow their businesses in spite of difficult times. The companies chosen exemplify the best of small business; often leading through customer service and community involvement.”
-Santa Barbara Award Program Committee
For most companies, this recognition is a result of the dedication and the efforts of others in the organization that have helped build the business.
“Having watched Patty in action at her Mastermind Salons, I can see that the company, headed by DeDominic, deserves this honor.”
-Sandy Goe, Santa Barbara Business Expo
“DeDominic & Associates is most deserving of the award due to all their fine work in California and around the world. Patty DeDominic deserves this award and I know that her clients must have nominated her.”
-Robbie Motter, Menifee Chamber of Commerce
“We are proud to serve many of Santa Barbara’s leading companies and my team deserves the credit.”
-Patty DeDominic, Founder and Managing Partner of DeDominic & Associates
Patty DeDominic interviewed on Literary Gumbo with Fred Klein
Patty shares with you her adventure in big business and discusses her latest book is Life Moments for Women: 100+ Extraordinary Women Share Turning Points in Their Lives
Patty DeDominic appointed Chief Operating Officer and Chief Catalyst of Maui Mastermind LLC