The Journey to Building a Sellable Company: Lessons from Chad Wittfeldt


In this episode of "Jump Success is Waiting," we dive into the fascinating journey of Chad Wittfeldt and the valuable lessons he learned along the way. From starting his first business at the tender age of 17 to facing failures and rising from the ashes, Chad's story is a testament to the importance of financial control, key considerations for success, and building a sellable company. Join us as we explore the highlights and key takeaways from Chad's entrepreneurial journey.

1. Understanding Financial Control and Oversight:

Chad's journey began without a solid foundation in financial control and oversight. He learned the hard way that neglecting these crucial aspects can lead to failure. By highlighting this pitfall, Chad emphasizes the significance of implementing proper processes and systems in reporting and financial management, ensuring a strong and stable foundation for any venture.

2. Tear and Tranche: Key Components for Success:

One of the critical factors that Chad highlights is the importance of tear and tranche components in business. By breaking down projects into smaller, manageable pieces and setting attainable goals, one can ensure consistent progress and mitigate the risk of overwhelming tasks. Chad's insights teach us to consider these components when embarking on our own entrepreneurial journeys.

3. Evaluating Opportunities: High Ticket, MRR, and Experience:

Drawing from his personal experience, Chad shares his criteria for evaluating opportunities. High-ticket offerings, recurring revenue models (MRR), and experience in the field are key elements he considers. These insights show us the importance of carefully selecting ventures that align with our strengths, resulting in sustainable growth and success.

4. The Perils of Starting a Venture Without Key Considerations:

Chad's earlier experiences of starting businesses without a clear understanding of essential components such as building processes, leading a team, acquiring customers, determining price margins, and handling front end sales and back end ascensions are cautionary tales. He urges aspiring entrepreneurs to take the time to consider these factors, as overlooking them can lead to significant setbacks.

5. The Value of Building a Sellable Company:

Chad's expertise lies in building companies that are not only successful but also sellable. He stresses the significance of having an exit strategy and ensuring the company has longevity and value to potential buyers. By building a team, implementing systems and processes, and fostering a strong management team, entrepreneurs can create a company that operates independently from its owner, providing flexibility and a higher exit multiplier.

6. Embracing Authenticity and Avoiding Inexperience in Leadership:

Chad's dark horse superpower in business is his ability to show up as his authentic self. He emphasizes the importance of remaining true to oneself in a world where competition often pretends to be someone they are not. Furthermore, he advises against inexperienced individuals leading a company, as it can lead to inefficiencies and setbacks. Instead, he advocates for quick hiring and firing to ensure a capable team that aligns with the company's goals.


Chad Wittfeldt's entrepreneurial journey in this episode of "Jump Success is Waiting" offers a wealth of insights for aspiring entrepreneurs and business owners. From financial control and understanding key components of success to building a sellable company, Chad's experiences provide a roadmap to navigate the challenges and reap the rewards of entrepreneurship. So, hop on this podcast episode and learn from Chad's invaluable lessons as you embark on your own journey to success.