{"id":5116,"date":"2021-08-06T08:09:00","date_gmt":"2021-08-05T22:09:00","guid":{"rendered":"https:\/\/flippa.com\/blog\/the-exit-podcast-find-experts-to-fill-the-roles-with-beate-chelette\/"},"modified":"2021-09-14T17:03:45","modified_gmt":"2021-09-14T07:03:45","slug":"the-exit-podcast-find-experts-to-fill-the-roles-with-beate-chelette","status":"publish","type":"post","link":"https:\/\/flippa.com\/blog\/the-exit-podcast-find-experts-to-fill-the-roles-with-beate-chelette\/","title":{"rendered":"The Exit Podcast &#8211; Find Experts To Fill The Roles with Beate Chelette"},"content":{"rendered":"\n<h2 class=\"has-text-align-center wp-block-heading\" id=\"h-listen-on-apple-podcasts\"><strong><a href=\"https:\/\/flippa.com\/the-exit-podcast\/clkn\/https\/podcasts.apple.com\/us\/podcast\/find-experts-to-fill-the-roles-with-beate-chelette\/id1532346146?i=1000530735519\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Listen on Apple Podcasts (opens in a new tab)\">Listen on Apple Podcasts<\/a><\/strong><\/h2>\n\n\n\n<h2 class=\"has-text-align-center wp-block-heading\" id=\"h-listen-on-spotify\"><strong><a href=\"https:\/\/flippa.com\/the-exit-podcast\/clkn\/https\/open.spotify.com\/episode\/04NukGi8xwQMAKoHVSszSs\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Listen on Spotify (opens in a new tab)\">Listen on Spotify<\/a><\/strong><\/h2>\n\n\n\n<h2 class=\"has-text-align-center wp-block-heading\" id=\"h-listen-on-google-podcasts\"><strong><a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly9mZWVkcy5zb3VuZGNsb3VkLmNvbS91c2Vycy9zb3VuZGNsb3VkOnVzZXJzOjg4MjY1MjIyOC9zb3VuZHMucnNz\/episode\/dGFnOnNvdW5kY2xvdWQsMjAxMDp0cmFja3MvMTA5ODI1NDM4Ng?sa=X&amp;ved=0CAUQkfYCahcKEwiY9fmxxMvyAhUAAAAAHQAAAAAQNQ\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Listen on Google Podcasts (opens in a new tab)\">Listen on Google Podcasts<\/a><\/strong><\/h2>\n\n\n\n<iframe width=\"100%\" height=\"166\" scrolling=\"no\" frameborder=\"no\" allow=\"autoplay\" src=\"https:\/\/w.soundcloud.com\/player\/?url=https%3A\/\/api.soundcloud.com\/tracks\/1098254386&amp;color=%23ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false&amp;show_teaser=true\"><\/iframe><div style=\"font-size: 10px; color: #cccccc;line-break: anywhere;word-break: normal;overflow: hidden;white-space: nowrap;text-overflow: ellipsis; font-family: Interstate,Lucida Grande,Lucida Sans Unicode,Lucida Sans,Garuda,Verdana,Tahoma,sans-serif;font-weight: 100;\"><a href=\"https:\/\/soundcloud.com\/theexitpodcast\" title=\"The Exit - Presented By Flippa\" target=\"_blank\" style=\"color: #cccccc; text-decoration: none;\" rel=\"noopener noreferrer\">The Exit &#8211; Presented By Flippa<\/a> \u00b7 <a href=\"https:\/\/soundcloud.com\/theexitpodcast\/ep046\" title=\"Find Experts To Fill The Roles with Beate Chelette\" target=\"_blank\" style=\"color: #cccccc; text-decoration: none;\" rel=\"noopener noreferrer\">Find Experts To Fill The Roles with Beate Chelette<\/a><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>From photographer to founder of Chellete Enterprises, B\u00e9ate can appreciate the creativity of working behind a lens and running a company. The golden rule? Have systems and processes in place, a lucrative team, and people you can trust. In this segment, we hear from a successful business seller about her experience working with high-profile clients like Levi Strauss, BMW, and the journey to selling her own company.<\/p>\n\n\n\n<p><strong>Business Is Creative<\/strong><\/p>\n\n\n\n<p>Beate says the business side is the creative side.&nbsp; After attending photography school in Germany, she became a photo editor at Elle magazine.&nbsp; She was better at the system&#8217;s aspect of putting things together.&nbsp; After that, she moved to the US and did a lot of still photography production for some major brands like Levi Strauss and BMW.&nbsp; Beate decided to also start her own stock photography site.&nbsp; Again, she went after the big names and found herself doing celebrity-at-home stories for people like Madonna.&nbsp; Beate says people will tell you to practice on the little jobs before going after the big jobs, but she says that\u2019s bad advice.&nbsp; Why wouldn\u2019t you go for the big guy? If you land it, you\u2019ll figure it out.&nbsp; While working with so many celebrities, I wasn\u2019t phased because of my time at Elle. I know they\u2019re just like us, and have found that the people at the top of their game are usually only good at one thing.&nbsp; A lot don\u2019t have skill-sets outside their one thing.&nbsp; When you look at your skill set compared to that, you\u2019ll realize they&#8217;re great at one thing, but you\u2019re good at many.&nbsp; She says don\u2019t fall into the trap of comparing yourself to others because they may only be good at that one aspect you&#8217;re jealous of and nothing else.<br><\/p>\n\n\n\n<p><strong>Protect Yourself<\/strong><\/p>\n\n\n\n<p>Beate tells a story about a time she woke up with a bad feeling about an employee and fired her.&nbsp; Turns out it was two weeks too late as the employee already developed a relationship with a vendor and were planning together to set up my business without her.&nbsp; It turned into a year-long lawsuit that cost Beate everything.&nbsp; When she started her next business, she was clear from the beginning that that would never happen to her again.&nbsp;&nbsp;<br><\/p>\n\n\n\n<p><strong>Find Experts To Fill The Role<\/strong><\/p>\n\n\n\n<p>One of the biggest mistakes Beate says business owners make is thinking they need to clone mini me\u2019s.&nbsp; As she hires more people, the work chart goes wider and wider and the subject becomes more and more specialized.&nbsp; Beate says the secret to setting up your teams is that no matter where you are in your business, it\u2019s better to have four subject-matter experts that work five hours each, then one that works twenty hours.&nbsp; She says it\u2019s less dangerous for your business because if one fails, it&#8217;s only one fourth failed instead of completely.<br><\/p>\n\n\n\n<p><strong>Putting Yourself On The Map<\/strong><\/p>\n\n\n\n<p>As Beate built her business, she knew she had to make it more desirable.&nbsp; She had the high end covered, but needed to show there was a mass market appeal.&nbsp; She ended up setting a whole launch, costing lots of time and money.&nbsp; Beate says they went big and were signing a lot of deals on the spot.&nbsp; She says it put them on the map as a serious player and rapid growing company.&nbsp; When one of Beate\u2019s mentors announced that he sold his business for 70 million, he turned to Beate and told her she was next.&nbsp; He said you have to know your number, so you&#8217;re ready.&nbsp; Beate decided she should be next, and she found her number, one that would allow her to never work again. Then she put the word out.<br><\/p>\n\n\n\n<p><strong>Timing Is Everything<\/strong><\/p>\n\n\n\n<p>The time frame from the day she said she wanted to sell until she got a serious letter of intent was six months.&nbsp; Another four months were spent doing due diligence.&nbsp; After the sale, Beate stayed on for a one-year contract.&nbsp; She ran the whole transition, did all the training, recorded all the manuals, and more. She was then offered a job as Senior Director of Global Entertainment.&nbsp; Beate did that for a year until it gave her an idea for her next company.<br><\/p>\n\n\n\n<p><strong>A Business, Not Your Business<\/strong><\/p>\n\n\n\n<p>In order for a business to be able to sell, it needs to be able to run without you.&nbsp; A lot of people will set it up as THEIR business, not A business.&nbsp; In addition to that, systems are important. The system sells your business, not just the idea.&nbsp; When you have an idea of setting up a business for acquisition, you need to be able to do something faster and better than someone else.&nbsp; Beate says be clear what you\u2019re building, ask yourself why someone else would want it.&nbsp; If you\u2019ve done all this and make sure it\u2019s an equity type business, then you\u2019re ready to get your competitors interested.&nbsp; Beate says competitors are often the buyer, as they want the competition out of the way.&nbsp;&nbsp;<br><\/p>\n\n\n\n<p><strong>Knowing What You Know Now, What Would You Tell Yourself Ten Years Ago?<\/strong><\/p>\n\n\n\n<p>Beate would tell herself that people don\u2019t care about you as much as you think they do.&nbsp; She says she would also tell herself to fail faster.&nbsp; She says the idea of failure as a detriment in entrepreneurship is a dis-service.&nbsp; It\u2019s failing fast that gets you to the goal faster.&nbsp; Failing just tells you need to try a different path.<br><\/p>\n\n\n\n<p><strong>What She\u2019s Working On<\/strong><\/p>\n\n\n\n<p>Beate is working on her systems, doing a lot of strategic work to help businesses set themselves up for acquisition.&nbsp; She says she can diagnose very quickly where the problems are and help to fix them to get to their goals.&nbsp; She encourages everyone to check out airtightavatar.com for a free class.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Listen on Apple Podcasts Listen on Spotify Listen on Google Podcasts The Exit &#8211; Presented By Flippa \u00b7 Find Experts To Fill The Roles with Beate Chelette From photographer to founder of Chellete Enterprises, B\u00e9ate can appreciate the creativity of working behind a lens and running a company. The golden rule? Have systems and processes [&hellip;]<\/p>\n","protected":false},"author":130,"featured_media":2662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","inline_featured_image":false,"footnotes":""},"categories":[8],"tags":[],"dipi_cpt_category":[],"acf":[],"_links":{"self":[{"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/posts\/5116"}],"collection":[{"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/users\/130"}],"replies":[{"embeddable":true,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/comments?post=5116"}],"version-history":[{"count":0,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/posts\/5116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/media\/2662"}],"wp:attachment":[{"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/media?parent=5116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/categories?post=5116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/tags?post=5116"},{"taxonomy":"dipi_cpt_category","embeddable":true,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/dipi_cpt_category?post=5116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}