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Decision Points E38 - Navigating Business Success with Craige Stout

Join hosts Doug Hudson and Scott Wood as they sit down with Craige Stout, CEO global advisory firm Stout. In this episode of Decision Points, Craige shares his journey from his Michigan roots and his academic tenure at Michigan State University to leading a successful valuation and financial advisory firm. Through insightful anecdotes, Craige unveils the foundational aspects of his career, highlighting the importance of culture, strategic decision-making, and the value of having the right partners and advisors. Whether you’re a business owner looking to sell or an entrepreneur seeking growth strategies, Craige’s experiences and lessons provide invaluable insights into the world of business valuation and corporate finance. 00:00 Introduction to Today's Guest 00:43 Early Life and Education 03:23 Entrepreneurial Beginnings 15:42 Career at Pricewaterhouse 26:52 Taking the Leap: Embracing New Opportunities 29:24 Lessons from Early Business Ventures 30:54 Building the Firm: Early Challenges and Growth 32:55 Navigating Partnerships and Expansions 35:55 Private Equity and Strategic Growth 41:13 Maximizing Business Value: Best Practices 52:51 Maintaining Culture Amidst Growth 57:28 Final Thoughts and Advice