Welcome to the podcast that helps business owners prepare for an exit so they can maximize value and exit on their terms. In this episode, you will learn:
1. How Alvin Narsey transitioned his business during the pandemic by selling his pharmacy and moving to Germany
2. The importance of profitability in a business
3. How to engage with customers in a retail setting
Alvin NASSI is a pharmacist and business owner from Melbourne, Australia. He got into pharmacy businesses early on in his career and bought and sold pharmacies for 15 or 16 years. When the pandemic came, his wife wasn’t able to visit her parents who lived in Germany, so they made the decision to move there. He sold his pharmacy, put their things into storage, rented out their house, sold their cars, and moved to Germany. Since being there, they’ve been enjoying exploring all the new places and traveling around Europe. Alvin attributes his success in business to always having the exit in mind, and setting up his businesses to run without him so they could be easily sold. He advises other business owners to focus on profitability and increasing the average sale per customer.