In this episode, we break down the hidden costs that can eat into your business sale proceeds. Listen in and gain a clear understanding of intermediary fees, legal costs, and taxes to make informed decisions about your exit strategy.

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We help business owners:

→ Understand the complexity of navigating a business transition

→ Assess their level of preparedness from a financial, tax, and legal perspective

→ Plan for the next chapter of their life

👉 Get Your Free Readiness Assessment!

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WANT MORE BUSINESS PLANNING TIPS?

Subscribe to the Business Exit Success Newsletter.

As a thank you, you'll receive a copy of The Freedom Point: A Financial Planning Guide for Business Owners.

Click here to subscribe and grab your free guide.

Did you know that over 80% of small business owners never successfully sell their businesses? In this episode, we delve into the number one deal breaker when it comes to selling your business - owner dependency. If you're looking to one day sell your business, understanding and addressing this critical issue is paramount. 

RESOURCES:

Watch the youtube version: The #1 reason your business will never sell

Episode #51: 4 effective delegation strategies to get your time back in business

Episode #21: 5 strategies for identifying ideal candidates for your business

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We help business owners:

→ Understand the complexity of navigating a business transition

→ Assess their level of preparedness from a financial, tax, and legal perspective

→ Plan for the next chapter of their life

👉 Get Your Free Readiness Assessment!

 -----

WANT MORE BUSINESS PLANNING TIPS?

Subscribe to the Business Exit Success Newsletter.

As a thank you, you'll receive a copy of The Freedom Point: A Financial Planning Guide for Business Owners.

Click here to subscribe and grab your free guide.

In this episode, I break down a super-simple method to calculate exactly how much money you'll need to retire without the complex math. Discover the 4% rule, learn how to annualize your expenses, and adjust for inflation.

RESOURCES:

Watch the youtube version: Calculate how much you need to retire in 5 easy steps

Calculator Used: https://www.calculator.net/future-value-calculator.html

Podcast Episode #54: My 4-Step Framework For a Successful Transition into Retirement

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We help business owners:

→ Understand the complexity of navigating a business transition

→ Assess their level of preparedness from a financial, tax, and legal perspective

→ Plan for the next chapter of their life

👉 Get Your Free Readiness Assessment!

 -----

WANT MORE BUSINESS PLANNING TIPS?

Subscribe to the Business Exit Success Newsletter.

As a thank you, you'll receive a copy of The Freedom Point: A Financial Planning Guide for Business Owners.

Click here to subscribe and grab your free guide.

Discover the key questions every business owner should ask when evaluating a potential successor. From assessing their knowledge and skills to evaluating their commitment and leadership abilities, we guide you through the process step-by-step.

Don't miss this essential guide for small business owners looking to secure their company's future!

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We help business owners:

→ Understand the complexity of navigating a business transition

→ Assess their level of preparedness from a financial, tax, and legal perspective

→ Plan for the next chapter of their life

👉 Get Your Free Readiness Assessment!

 -----

WANT MORE BUSINESS PLANNING TIPS?

Subscribe to the Business Exit Success Newsletter.

As a thank you, you'll receive a copy of The Freedom Point: A Financial Planning Guide for Business Owners.

Click here to subscribe and grab your free guide.

Do you need help planning your retirement? → See How We Can Help

How ready are you to retire? → Get Your Retirement Readiness Score

Watch our Free Retirement Planning videos

Are you a small business owner dreaming of a successful transition into the next phase of your life? Whether it's retirement, spending more time with family, traveling, or exploring part-time consulting, this video is your roadmap to break free from the daily grind and achieve financial freedom. Join me as I explain a four-step framework to help you plan your transition into retirement.

RESOURCE LINKS

Net-Worth Summary Template

Life Expectancy Probability Chart (PDF)

I'm bringing this episode up to the forefront because of how important it is. Life can throw many curveballs our way. Listen in to gain insights into safeguarding your business, family, and legacy. Learn how you can ensure you're well-prepared for life's uncertainties and can exit your business with peace of mind.

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We help business owners:

→ Understand the complexity of navigating a business transition

→ Assess their level of preparedness from a financial, tax, and legal perspective

→ Plan for the next chapter of their life

👉 Get Your Free Readiness Assessment!

 -----

WANT MORE BUSINESS PLANNING TIPS?

Subscribe to the Business Exit Success Newsletter.

As a thank you, you'll receive a copy of The Freedom Point: A Financial Planning Guide for Business Owners.

Click here to subscribe and grab your free guide.

In this episode of Business Exit Success, Laurie Barkman and I discuss the strategies, tips, and proven approaches for successful business transition planning.

We discuss valuable insights to help business owners maximize their business's value during times of change. Whether you're navigating changes in leadership, ownership, or structure, we discuss key considerations to ensure a smooth transition that preserves and enhances your business's value.

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We help business owners:

→ Understand the complexity of navigating a business transition

→ Assess their level of preparedness from a financial, tax, and legal perspective

→ Plan for the next chapter of their life

👉 Get Your Free Readiness Assessment!

 -----

WANT MORE BUSINESS PLANNING TIPS?

Subscribe to the Business Exit Success Newsletter.

As a thank you, you'll receive a copy of The Freedom Point: A Financial Planning Guide for Business Owners.

Click here to subscribe and grab your free guide.

🔗 Relevant Links and Resources:

The Business Transition Handbook: TheBusinessTransitionHandbook.com

The Business Transition Handbook: Amazon Book

The 8 Drivers of Company Value: The 8 Drivers of Company Value PDF

Who is a Value Builder PDF: Who is a Value Builder?

Are you constantly overwhelmed with tasks and struggling to delegate effectively? As a small business owner, your time is precious. In this video, I share proven delegation strategies that I personally use with my business owner clients to gain more time and focus on high-level business growth.

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We help business owners:

→ Understand the complexity of navigating a business transition

→ Assess their level of preparedness from a financial, tax, and legal perspective

→ Plan for the next chapter of their life

👉 Get Your Free Readiness Assessment!

 -----

WANT MORE BUSINESS PLANNING TIPS?

Subscribe to the Business Exit Success Newsletter.

As a thank you, you'll receive a copy of The Freedom Point: A Financial Planning Guide for Business Owners.

Click here to subscribe and grab your free guide.

Learn how the stock market works and how anybody who wants to invest for the long term can make money without stress and anxiety. I explain how inflation impacts our money, investing strategy, and investment mistakes to avoid. Enjoy!

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We help business owners:

→ Understand the complexity of navigating a business transition

→ Assess their level of preparedness from a financial, tax, and legal perspective

→ Plan for the next chapter of their life

👉 Get Your Free Readiness Assessment!

 -----

WANT MORE BUSINESS PLANNING TIPS?

Subscribe to the Business Exit Success Newsletter.

As a thank you, you'll receive a copy of The Freedom Point: A Financial Planning Guide for Business Owners.

Click here to subscribe and grab your free guide.

Required Minimum Distributions can drastically increase your taxes in retirement without proper tax planning. Learn how RMDs work and three ways to decrease taxes on your required minimum distributions using Roth Conversions, Making Qualified Charitable Distributions, or working longer.

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We help business owners:

→ Understand the complexity of navigating a business transition

→ Assess their level of preparedness from a financial, tax, and legal perspective

→ Plan for the next chapter of their life

👉 Get Your Free Readiness Assessment!

 -----

WANT MORE BUSINESS PLANNING TIPS?

Subscribe to the Business Exit Success Newsletter.

As a thank you, you'll receive a copy of The Freedom Point: A Financial Planning Guide for Business Owners.

Click here to subscribe and grab your free guide.