Colleen Biggs interviews Patty Block on Take the Leap. In this episode, Colleen spoke with Patty, a business advisor and transition expert who specializes in helping women business owners navigate the often challenging journey of transitioning out of their businesses. If you’re considering a pivot, an exit, or simply want to understand the value of what you’ve built, this episode is a must-listen!

Here are three key takeaways from this enlightening conversation:

1. Understanding Your Business Value: Many women entrepreneurs underestimate the value of their businesses. Patty emphasizes that you have built something of worth, and it’s crucial to recognize that potential. Whether you’re looking to sell or pass on your business, understanding its value is the first step in making informed decisions about your future.
   
   
2. The Importance of Planning for an Elegant Exit™: Transitioning out of your business doesn’t have to be a daunting task. Patty discusses the concept of an "elegant exit," which involves preparing your business for sale or transition well in advance. This means building consistent revenue streams, documenting processes, and ensuring that your business can thrive without you. By planning ahead, you can maximize your business's value and ensure a smoother transition.
   
   
3. The Broken Cookie Effect®: One of the most powerful concepts Patty shared is the "broken cookie effect." This metaphor illustrates how women often undervalue themselves and their work, leading to a cycle of over-delivering and underpricing. It’s time to break free from this mindset! You deserve the whole cookie, not just the crumbs. Recognizing your worth is essential for both your business and personal growth. 

Listen to the episode here: