Andy and Jessica welcome you to another episode of The Deal Board Podcast; this time they are talking about leadership. Leadership is crucial, even when you are buying and selling a company, you even were or become the leader of that business and your skills as such are of great importance. The way of viewing leaders has changed; now people are looking for a servant leader, one that values the relationship with the employees, and prioritizes a psychologically safe environment at the workplace.   Listing of the week: Tom Alana (Fort Lauderdale) is selling an elevator repair company in the Turks and Caicos Islands; their gross revenue is about $2 million annually and their profit margins go from $600,000 to $700,000. They specialize in new installation, repair, and maintenance of elevators. The listed price is $1.95 million; they are able to do seller financing with at least a $1.2 million down payment. No residency is needed. A Canadian or European buyer would be ideal! Call Tom at (561)702-6067 or email at [email protected].   Key takeaways: [4:59] Nate Bailey who is a Leadership Guru joins today's conversation. [7:25] Being a leader is mentally challenging, Nate shares some of his experiences in his leadership journey. [9:02] Nate explains how participating in physical challenges has made him a better husband, leader, and overall a better person inside of his community. [10:21] Nate shares his advice to young people that aim to become entrepreneurs or leaders. [14:16] How can leaders up their game to attract and retain talent? [16:28] How does Nate motivate people to become better leaders? [19:57] We have underestimated the mental health toll that the pandemic has taken on people. [21:20] How do leaders receive mental health support? [24:13] Nate talks about what he has been working on. [25:53] Deal of the week: Michael Snider (Cleveland West) just sold a business in the medical services industry that was doing $1.1 million in sales and the net profit margin was 40%. They received a full-price LOA. The closing process took 11 months after overcoming several challenges regarding their financial statements. [32:55] Brian Brault, founder of Legacy of Significance. [33:34] What does leadership mean to Brian? [35:50] How does the role of a leader pivot in a transition-like situation? [39:26] Brian explains why providing certainty to people is not always an option. [40:01] Brian describes the skills needed in a leader to help reduce the stress levels of employees. [42:07] Brian shares an example about leadership during transition times. [45:02] Are leaders born or made? [49:05] How can leaders strengthen their leadership muscle and even increase their emotional intelligence? [52:29] Brian explains what Legacy of Significance is all about. [56:12] Listing of the week: Tom Alana (Fort Lauderdale) is selling an elevator repair company in the Turks and Caicos Islands; their gross revenue is about $2 million annually and their profit margins go from $600,000 to $700,000. The price is $1.95 million; they are able to do seller financing with at least a $1.2 million down payment. Learn more about your ad choices. Visit megaphone.fm/adchoices

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