Ep #094: Exit Planning For Business Partners: Why Business Partners Need to Plan for Exit and How to Get Started

Business Exit Success

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محتوای ارائه شده توسط Tom Poltersdorf Jr.. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Tom Poltersdorf Jr. یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal

This Is Woman's Work with Nicole Kalil

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The Icelandic Art of Intuition with Hrund Gunnsteinsdóttir | 307 40:34

22 روز پیش40:34

پخش در آینده

لیست ها

پسندیدن

دوست داشته شد

40:34

We’ve turned intuition into a buzzword—flattened it into a slogan, a gut feeling, or a vague whisper we don’t always know how to hear. But what if intuition is so much more? What if it's one of the most powerful tools we have—and we’ve just forgotten how to use it? In this episode, I’m joined by Hrund Gunnsteinsdóttir , Icelandic thought leader, filmmaker, and author of InnSæi: Icelandic Wisdom for Turbulent Times . Hrund has spent over 20 years studying and teaching the science and art of intuition through her TED Talk, Netflix documentary (InnSæi: The Power of Intuition), and global work on leadership, innovation, and inner knowing. Together, we explore what intuition really is (hint: not woo-woo), how to cultivate it in a culture obsessed with logic and overthinking, and why your ability to listen to yourself might be the most essential skill you can develop. In This Episode, We Cover: ✅ Why we’ve misunderstood intuition—and how to reclaim it ✅ Practical ways to strengthen your intuitive muscle ✅ What Icelandic wisdom teaches us about inner knowing ✅ How to use intuition during uncertainty and decision-making ✅ Why trusting yourself is an act of rebellion (and power) Intuition isn’t magic—it’s a deep, internal guidance system that already exists inside you. The question is: are you listening? Connect with Hrund: Website: www.hrundgunnsteinsdottir.com TedTalk: https://www.ted.com/talks/hrund_gunnsteinsdottir_listen_to_your_intuition_it_can_help_you_navigate_the_future?utm_campaign=tedspread&utm_medium=referral&utm_source=tedcomshare Newsletter: https://hrundgunnsteinsdottir.com/blog/ LI: www.linkedin.com/in/hrundgunnsteinsdottir IG: https://www.instagram.com/hrundgunnsteinsdottir/ Book: InnSæi: Icelandic Wisdom for Turbulent Times Related Podcast Episodes: How To Breathe: Breathwork, Intuition and Flow State with Francesca Sipma | 267 VI4P - Know Who You Are (Chapter 4) Gentleness: Cultivating Compassion for Yourself and Others with Courtney Carver | 282 Share the Love: If you found this episode insightful, please share it with a friend, tag us on social media, and leave a review on your favorite podcast platform! 🔗 Subscribe & Review: Apple Podcasts | Spotify | Amazon Music Learn more about your ad choices. Visit megaphone.fm/adchoices…

حدود یک سال پیش 6:29

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Key Discussion Points:

Understanding Exit Goals: Why it's common for business partners to have differing exit goals and how to align them.
Exit Options: Explore the seven different ways to transition and exit a business, including internal sales, ESOPs, and third-party sales.
Communication Strategies: The importance of clear communication between partners to achieve alignment on business strategy and goals.
Legal Considerations: The role of restrictive share agreements or shareholder agreements in smoothing the exit process.
Expert Insights: How bringing in outside advisors can provide unbiased perspectives and help identify key areas for business improvement.
Preparation and Planning: The significance of educating yourself about the exit planning process and utilizing available resources to ensure a successful transition.

Tune in to learn how to effectively plan your business exit, even when multiple owners are involved. Don’t miss out on this essential guide to securing your financial future and achieving your exit goals.

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Resources:

Business Exit Success Podcast: Podlink

Exit Planning Institute

Subscribe to the Business Exit Success Newsletter!

As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession."

Click here to subscribe and grab your free guide.

118 قسمت

#Trading #Entrepreneur #Business #Tom Poltersdorf Jr #Businessexit #Businessexitplanning #Certifiedfinancialplanner #Exitplanning #Financialplanning #Startupexit #Strategicexit #Typesofexitstrategy #Wealthmanagement #Businessexitstrategies

Ep #094: Exit Planning For Business Partners: Why Business Partners Need to Plan for Exit and How to Get Started

Business Exit Success

published حدود یک سال پیش

اشتراک گذاری

MP3•خانه قسمت

Key Discussion Points:

Understanding Exit Goals: Why it's common for business partners to have differing exit goals and how to align them.
Exit Options: Explore the seven different ways to transition and exit a business, including internal sales, ESOPs, and third-party sales.
Communication Strategies: The importance of clear communication between partners to achieve alignment on business strategy and goals.
Legal Considerations: The role of restrictive share agreements or shareholder agreements in smoothing the exit process.
Expert Insights: How bringing in outside advisors can provide unbiased perspectives and help identify key areas for business improvement.
Preparation and Planning: The significance of educating yourself about the exit planning process and utilizing available resources to ensure a successful transition.

-----------------

Resources:

Business Exit Success Podcast: Podlink

Exit Planning Institute

Subscribe to the Business Exit Success Newsletter!

As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession."

Click here to subscribe and grab your free guide.

118 قسمت

همه قسمت ها

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Ep #118: 401(k) for Business Owners Explained: Traditional vs Safe Harbor, Contribution Limits, and Common Myths 14:55

28 روز پیش14:55

14:55

WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide. Are you ready to sell your business and retire? Get your free assessment: https://beyondyourexitwm.com/free-readiness-assessment Are you a business owner looking to build wealth and lower your tax bill? In this episode, we break down everything you need to know about setting up a 401(k) retirement plan for small businesses — including how to choose between a Traditional 401(k) and Safe Harbor 401(k). You’ll learn how to leverage the 2025 contribution limits, automate your savings strategy, and avoid costly mistakes with the help of a Third-Party Administrator (TPA). Key Topics Covered: Common myths about 401(k) plans for entrepreneurs and small business owners Safe Harbor 401(k) vs Traditional 401(k): pros, cons, and compliance differences 2025 401(k) contribution limits and how to maximize them The role of TPAs in managing and optimizing your plan How to automate your retirement investing strategy Whether you're a solo entrepreneur or have a growing team, this episode is your guide to creating a tax-advantaged retirement plan that helps secure your financial future — without relying solely on selling your business.…

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Ep #117: Selling Your HVAC Business? Buyers Want These 4 Things to Pay Top Dollar 10:54

۶ weeks پیش10:54

10:54

Are you ready to sell your business and retire? Get your free assessment: https://beyondyourexitwm.com/free-readiness-assessment Get the HVAC Succession Planner (FREE): https://beyondyourexitwm.com/hvac Thinking about selling your HVAC business? Here are the 4 things buyers are looking for before they'll pay top dollar. Most owners leave hundreds of thousands of dollars on the table simply because they don’t know what buyers are really looking for. In this video, I’ll break down the 4 proven strategies that can help you sell your HVAC company for maximum profit and avoid the mistakes that destroy deals. You’ll learn: Why "getting out of the van" can double your sale price How maintenance agreements boost your business valuation The truth about clean financials and why they matter Why most buyers avoid businesses focused on new construction Whether you’re planning to sell soon or just want to build a more valuable HVAC business, this episode will help you create an exit strategy that actually pays off. Are you ready to sell your business and retire? Get your free assessment: https://beyondyourexitwm.com/free-readiness-assessment…

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Ep #116: Five Changes Business Owners Wish They Made At Age 60 10:26

۸ weeks پیش10:26

10:26

Are you ready to sell your business and retire? Get your free assessment: https://beyondyourexitwm.com/free-readiness-assessment Get the Free Exit & Succession Guide: https://beyondyourexitwm.com/exit-succession-ebook -------------------- If you’re a business owner in your 50s or 60s thinking about selling your company, this is for you. After working with tons of business owners as a Certified Financial Planner and Exit Planning Advisor, I’ve seen a pattern. People hit retirement and suddenly wish they had made a few key moves way earlier. Today I’m sharing the top 5 things business owners consistently tell me they wish they’d done at 60, so you don’t make the same mistakes. Here’s what we’ll cover: Why guessing your business value could cost you millions How saving outside your business gives you way more flexibility The tax planning moves that can save you a fortune (but take years to set up) What to do now so you don’t feel lost after you sell How to avoid family drama by getting everyone on the same page early Selling your business is a big deal, financially and emotionally. These lessons come straight from the real-life experiences of other owners who’ve been through it. ------------- Are you ready to sell your business and retire? Get your free assessment: https://beyondyourexitwm.com/free-readiness-assessment…

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Ep #115: Sell Your Business and Retire if You Answer YES to These 7 Questions 11:25

۸ weeks پیش11:25

11:25

Get the Free Exit & Succession Guide: https://beyondyourexitwm.com/exit-succession-ebook Are you ready to sell your business and retire? Get your free assessment: https://beyondyourexitwm.com/free-readiness-assessment ---------------- A lot of business owners dream about selling their business and retiring, but not everyone is truly ready. In this video, I’ll walk you through 7 critical questions to determine if you’re prepared for a smooth and profitable exit. If you can confidently say YES to all of these, you’re on the right track. If not, don’t worry, I’ll provide actionable insights on what you can do next! --------------- Are you ready to sell your business and retire? Get your free assessment: https://beyondyourexitwm.com/free-readiness-assessment…

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Ep #114: Business Owner Retired at 60 with $850k and Regretted It. Here's Why. 12:10

۹ weeks پیش12:10

12:10

Get the Free Exit & Succession Guide: https://beyondyourexitwm.com/exit-succession-ebook Are you ready to sell your business and retire? Get your free assessment: https://beyondyourexitwm.com/free-readiness-assessment ------------------- Mark sold his business at 60 and walked away with $850,000. A year later, he was filled with regret. Why? Because like many business owners, he didn’t plan beyond the sale. In this episode, I walk you through the four major pitfalls that caused Mark's retirement to unravel and how you can avoid the same costly mistakes. Whether you're planning to exit in one year or five, understanding these critical areas could save you from a million-dollar mistake. ----------------------- Are you ready to sell your business and retire? Get your free assessment: https://beyondyourexitwm.com/free-readiness-assessment…

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Ep #113: Why Business Owners Go Broke After Selling (5 Exit Planning Mistakes) 11:20

16 weeks پیش11:20

11:20

Many business owners go broke after selling because they underestimate taxes, overspend without a plan, and fail to invest wisely leading to financial regret and instability. In this episode, we break down the five biggest exit planning mistakes and reveal strategies to protect and grow your wealth after selling your business. Take the first step by getting your Free Readiness Assessment. 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

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Ep #112: Exit Planning Masterclass: How to Unlock the Wealth In Your Business (Strategic Planning for Business Owners) 28:16

17 weeks پیش28:16

28:16

Selling your business is one of the most significant decisions you'll make as a business owner, whether you’re retiring, transitioning to new leadership, or planning to sell your business. Listen in and learn: The three components of your exit readiness Essential steps to prepare your business for sale Strategies to maximize the financial and personal benefits of your exit ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

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Ep #111: Unlocking The Freedom Point: How to Exit Your Business and Achieve Financial Independence 6:51

18 weeks پیش6:51

6:51

Take the first step by getting your Free Readiness Assessment. 👉 Get Your Free Readiness Assessment! WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

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Ep #110: 6 Reasons To Retire As Soon As Possible 9:30

33 weeks پیش9:30

9:30

What if working longer is costing you more than you realize? In this video, I reveal 6 compelling reasons to retire sooner rather than later, including the impact on your health, the value of your time, and the relationships that truly matter. Watch the YouTube Version The Value of Time: Why time is our most precious resource and why delaying retirement could cost you. Health Benefits: How retiring can significantly reduce stress and improve your quality of life. Limited Best Years: Understanding the difference between lifespan and health span, and why your healthiest years might be right now. Strengthening Relationships: How retirement allows you to invest in meaningful connections with family and friends. Breaking Free from Work Identity: Avoiding the trap of defining yourself solely through your career. Your Financial Readiness: Why you may be in a stronger financial position than you think to retire comfortably. If you're considering retirement, this video will help you weigh the benefits and understand the true cost of continuing to work when you're already ready to step back. Resources: Expenses In Retirement Chart Time Spent With Children Chart ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

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Ep #109: 401K Loans: The Pros, Cons, And Major Risks To Avoid 7:14

34 weeks پیش7:14

7:14

Listen in as I break down the critical details of 401k loans—the pros, cons, and major risks you need to be aware of before borrowing from your retirement savings. We discuss how a 401k loan works, the ease of accessing funds, and the potential advantages like no credit checks and quick approval. However, we also explore the often-overlooked dangers, including missed investment growth, double taxation, and the significant risk of repayment penalties if you change jobs or can't pay back the loan in time. Whether you're in a financial emergency or considering a major purchase, this video offers essential insights to help you make an informed decision. Learn about alternative borrowing options like home equity loans, personal loans, and even 0% APR credit cards. ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

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Ep #108: "I Have Nothing Saved For Retirement" - Top 10 Recommendations 9:51

35 weeks پیش9:51

9:51

Here are my top 10 actionable recommendations to help you get your retirement savings on track, even if starting from zero in your 40s or beyond. Whether you’re 40, 45, or even 50 with no savings, these strategies will guide you through the steps needed to build a solid financial foundation. We’ll cover everything from how to save money effectively, budgeting tips, and smart investing strategies to growing your income, improving your mindset, and preparing for unexpected events. Watch the YouTube Video: 40 Years Old and Nothing Saved For Retirement - Top 10 Recommendations RESOURCES: Books The Psychology of Money Think And Grow Rich The Path ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

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Ep #107: The Hidden Dangers of Borrowing from Your 401k: What You Need To Know 6:19

36 weeks پیش6:19

6:19

In this episode, we dive into the critical topic of borrowing from your 401k and why it could be a major setback for your financial future. Many business owners see 401k loans as a quick and convenient way to access cash, especially in tough times or for significant purchases. However, the hidden costs, double taxation, and missed investment opportunities make borrowing from your retirement savings a risky move. We’ll explore the common pitfalls of 401k loans, the true cost of paying yourself back with interest, and why this strategy often backfires. Learn how these loans can jeopardize your long-term financial security and what you should consider before making the leap. ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

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Ep #106: Maximizing Your 401k to Build Wealth and Offset Retirement Risk 8:20

37 weeks پیش8:20

8:20

In this episode, we dive into strategies to help business owners maximize their 401k to build wealth and reduce the need to rely solely on selling their business for retirement. Learn actionable tips on how to optimize your 401k, including when to start investing, how much to contribute, the best ways to invest your funds, and what to do with your 401k when changing jobs. We also discuss common mistakes to avoid, such as paying high fees, taking loans against your 401k, and not increasing contributions over time. Tune in to take control of your retirement savings, minimize risk, and ensure a successful transition into retirement. ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

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Ep #105: 5 Strategies To Thrive When The Market Is Soaring 8:06

38 weeks پیش8:06

8:06

Investing during market highs can be intimidating, but it’s also a great opportunity if you have the right strategies. I’ll guide you step-by-step on how to take advantage of soaring markets while keeping your investment goals on track. Resources: New Highs Happen In Clusters Chart Investing Before Market Crash Returns Chart ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

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Ep #104: Never Retire: Redefining What's Next After Exiting Your Business 6:18

39 weeks پیش6:18

6:18

In this episode of Business Exit Success, we dive into the concept of redefining retirement for high-achieving entrepreneurs who have successfully exited their businesses. Rather than settling into a traditional retirement, we explore how to channel the same drive and energy that fueled your business success into new, fulfilling ventures. Whether it’s through mentorship, volunteering, or lifelong learning, this episode will inspire you to think beyond the exit and embrace the next chapter of your life with purpose and passion. Resources: Ivan and Mariana Polic Interview - Episode 80 Marcia Barnes Interview - Episode 65 Matt Sharrers Interview - Episode 95 ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

Business Exit Success

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Ep #103: Should I Retire Now? 5 Questions For Business Owners To Decide 6:53

40 weeks پیش6:53

6:53

In this episode, I address the crucial question many business owners face: "Should I Retire Now?" I walk you through five critical questions to help determine if it's the right time to step away from your business. From assessing your financial readiness and calculating retirement needs to understanding the tax implications and managing post-sale investments, this episode offers a comprehensive roadmap for business owners considering retirement. ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

Business Exit Success

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Ep #102: 6 Strategies to Thrive When the Market Crashes 5:45

41 weeks پیش5:45

5:45

In this episode, I share six key strategies to help you thrive when the market crashes. Drawing from my experience guiding clients through market downturns, I explain how to navigate financial turbulence and make the most of down markets. Whether you’re a business owner or an individual investor, this episode provides valuable insights on shifting your perspective, aligning investments with your timeframe, leveraging tax loss harvesting, considering Roth conversions, rebalancing your portfolio, and sticking to your plan. Tune in to learn how to protect and grow your wealth even during market volatility. ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

Business Exit Success

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Ep #101: The Critical Number Everyone Gets Wrong When Selling Their Business 5:34

42 weeks پیش5:34

5:34

In this episode, I discuss the critical number every business owner gets wrong when selling their business: the net amount that goes into their pocket after the sale. I explain the various deductions that can significantly reduce the final proceeds from the sale price, including broker fees, outstanding debts, and taxes. Using a real-life example, I illustrate how a business sale price of $5.2 million can dwindle to just over $3 million after all deductions. Tune in to learn how to accurately calculate your net proceeds and ensure you're financially prepared for life after your business sale. ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

Business Exit Success

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Ep #100: A Proven Investment Strategy for 99% of People 8:23

43 weeks پیش8:23

8:23

In this episode of Business Exit Success, we dive into a vital topic for anyone looking to secure their financial future: the importance of asset allocation. Learn why asset allocation is the most crucial investment decision you'll ever make, how to determine the right mix for your portfolio, and the strategies that work for 99% of people. Whether you're planning for retirement, saving for a big purchase, or simply want to optimize your investment strategy, this episode offers actionable insights to help you achieve long-term financial success. ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

Business Exit Success

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Ep #099: Top 3 Investing Mistakes I Avoid To Make More Money 8:15

44 weeks پیش8:15

8:15

In this episode, I dive into the top three investment mistakes that can derail your financial future and how to avoid them. Learn why timing the market is nearly impossible, the dangers of selling in a down market, and the stress caused by checking your accounts too frequently. I share my personal experiences and practical tips to help you make smarter investment decisions, reduce stress, and build lasting wealth. Tune in to discover strategies that can help you stay on track and maximize your returns. Resources: Missing Best Market Days InfoGraphic ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

Business Exit Success

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Ep #098: 6 Money Lessons I Wish I Knew Earlier For Lasting Wealth 13:28

45 weeks پیش13:28

13:28

In this episode, I share six essential money lessons that can transform your financial future. I discuss common financial mistakes and offer practical advice to help you avoid them. Whether you're just starting out or you're a seasoned business owner, these lessons will guide you towards making smarter financial decisions and building lasting wealth. Tune in to learn about the power of compounding interest, managing debt effectively, staying the course during market fluctuations, investing in yourself, increasing your income, and finding true wealth beyond money. Resources: The Magic of Compound Interest Infographic MONEY Master the Game: 7 Simple Steps to Financial Freedom by Tony Robbins ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

Business Exit Success

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Ep #097: Avoid These 9 Bad Money Habits to Build Wealth 8:37

46 weeks پیش8:37

8:37

In this episode, I dive into the importance of understanding and breaking free from bad money habits that can hold you back from financial success. Drawing on over 15 years of experience as a Certified Financial Planner, I share nine common money mistakes and practical tips on how to overcome them. From the pitfalls of paying yourself last to the dangers of getting comfortable with bad debt, we discuss valuable insights to help you take control of your finances. Whether you’re a business owner planning your exit or simply looking to improve your financial habits, this episode is packed with actionable advice to set you on the right path. ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

Business Exit Success

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Ep #096: Balancing ROI and ROL: Ensuring a Fulfilling Life After Business Exit 5:10

47 weeks پیش5:10

5:10

In this episode, I dive into investing in life beyond financial gains emphasizing the importance of Return on Life (ROL) versus Return on Investment (ROI), sharing personal experiences and practical strategies for business owners planning to exit within the next five years. Discover how to balance financial success with a fulfilling life, ensuring a smooth and satisfying transition out of your business. ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

Business Exit Success

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Ep #095: Navigating CEO Transitions: Strategies for New CEOs and Exiting Founders with Matt Sharrers 38:26

48 weeks پیش38:26

38:26

In this episode, we delve into the world of leadership transitions with Matt Sharrers, an expert in CEO succession and advisor to private equity firms. Learn about the critical strategies for new CEOs, the importance of a shared exit plan among business partners, and how to navigate the emotional and practical challenges of stepping down. Whether you’re a founder preparing to step aside or a leader ready to take the reins, this episode offers invaluable insights and actionable advice. Resources: Matt Sharrer's Website: https://mattsharrers.com/home-2/ Matt's Book: The Second CEO: Accelerating Scale When Following the Founder Leadership Advisor Consulting: https://ghsmart.com/ Founders Community: Entrepreneurs' Organization Founders Community: Tiger 21 Book: Halftime: Moving from Success to Significance ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

Business Exit Success

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Ep #094: Exit Planning For Business Partners: Why Business Partners Need to Plan for Exit and How to Get Started 6:29

49 weeks پیش6:29

6:29

In this episode, we tackle the crucial topic of exit planning for business partners. With more than half of privately held companies having multiple owners, the process of transitioning out of a business can be complex and challenging. Join us as we dive into why it's essential for business partners to have a shared exit plan and how to navigate the journey successfully. Key Discussion Points: Understanding Exit Goals: Why it's common for business partners to have differing exit goals and how to align them. Exit Options: Explore the seven different ways to transition and exit a business, including internal sales, ESOPs, and third-party sales. Communication Strategies: The importance of clear communication between partners to achieve alignment on business strategy and goals. Legal Considerations: The role of restrictive share agreements or shareholder agreements in smoothing the exit process. Expert Insights: How bringing in outside advisors can provide unbiased perspectives and help identify key areas for business improvement. Preparation and Planning: The significance of educating yourself about the exit planning process and utilizing available resources to ensure a successful transition. Tune in to learn how to effectively plan your business exit, even when multiple owners are involved. Don’t miss out on this essential guide to securing your financial future and achieving your exit goals. ----------------- Resources: Business Exit Success Podcast: Podlink Exit Planning Institute Subscribe to the Business Exit Success Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

Business Exit Success

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Ep #093: 7 Essential Questions to Answer Before Exiting Your Business 6:38

50 weeks پیش6:38

6:38

In this episode, we dive into the crucial considerations every business owner must address before exiting their business. Join us as we explore 7 essential questions that will help you strategically plan your transition and achieve a successful exit. Whether you're looking to retire within the next five years or just starting to think about your future plans, this episode is for you. By addressing these seven questions, you'll be better prepared to make informed decisions and set yourself up for long-term success. Tune in to learn how to align your personal, financial, and business goals for a seamless and rewarding exit. ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

Business Exit Success

1
Ep #092: How to Sell Your Business Tax-Free with a Charitable Remainder Trust 8:06

51 weeks پیش8:06

8:06

In this episode, we dive into the benefits of using a Charitable Remainder Trust (CRT) to maximize the proceeds from selling your business. Learn how CRTs can help you avoid capital gains taxes, provide a large income tax deduction, and create a lasting charitable legacy. Discover the steps to set up a CRT, real-life examples, and key considerations to ensure this strategy aligns with your financial goals and family legacy. Tune in to understand how this powerful tax-saving strategy can benefit you and your business. ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

Business Exit Success

1
Ep #091: A Business Owner's Guide to Retirement and Exit Strategy Using Employee Stock Ownership Plans (ESOPs) with Kelly Finnell, J.D., CLU, AIF® 37:56

52 weeks پیش37:56

37:56

In this episode, we delve deep into Employee Stock Ownership Plans (ESOPs) with one of the nation's leading experts, Kelly Finnell. With over 40 years of experience, Kelly brings a wealth of knowledge and practical advice on how ESOPs can serve as a strategic tool for business owners looking to exit while ensuring a legacy of success and employee success. In today’s discussion, we cover: What is an ESOP and how are they structured The significant benefits they can offer as a retirement solution and an exit strategy How ESOPs provide a unique opportunity to exit your business tax-efficiently while empowering your employees by making them stakeholders in the company’s future How to determine if an ESOP is right for your business Whether you're contemplating your business exit strategy or simply curious about the possibilities ESOPs hold, this episode is packed with valuable insights. Resources: Kelly's Website: https://execfin.com Succession Planning Guide: https://execfin.com/esop-introduction/ The ESOP Association Website National Center for Employee Ownership Kelly Finnell Linkedin ----- We help business owners: → Assess their level of owner readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

Business Exit Success

1
Ep #090: 10 Critical Areas Impacted By Your Business Exit 8:52

1 year پیش8:52

8:52

In this episode, we explore why establishing an exit strategy is not just wise but necessary for the wellbeing of both the business and the business owner. Despite the excitement of daily operations and growth, many small to mid-sized business owners overlook the necessity of exit planning. Without a solid plan, the impact of an exit can ripple out and affect everything you've built. We dive into ten critical areas impacted by exiting your business, from personal financial security to company culture and family dynamics. We discuss the importance of planning your exit strategy at least five years in advance to ensure a smooth and successful transition. ----- We help business owners: → Assess their level of owner readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

Business Exit Success

1
Ep #089: Overcoming the Top 5 Barriers to a Successful Business Exit 11:51

1 year پیش11:51

11:51

In this episode, we explore the top five barriers that entrepreneurs face when exiting their businesses and provide actionable strategies to overcome them. Discover how to address the lack of clarity on core problems, understand the financial implications, manage non-financial risks, and ensure leadership continuity. We also delve into the emotional challenges and how to prepare for a smooth and regret-free transition. I will share real-life stories and expert advice to help you navigate your business exit successfully. ----- We help business owners: → Assess their level of exit readiness from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment! ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.…

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Business Exit Success « » Ep #094: Exit Planning For Business Partners: Why Business Partners Need to Plan for Exit and How to Get Started

Ep #094: Exit Planning For Business Partners: Why Business Partners Need to Plan for Exit and How to Get Started

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Ep #094: Exit Planning For Business Partners: Why Business Partners Need to Plan for Exit and How to Get Started