Buying and selling stocks, ETFs, or mutual funds can generate capital gains taxes, or capital losses and diminish your returns without careful planning. Understand how taxes work when investing in taxable and tax-advantaged accounts.

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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.

In this episode, I explain how business owners can calculate the value of their business and three essential tips to start implementing today to increase the business value over time.

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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.

Listen in as we dive deep into the often overlooked aspect of business ownership: understanding and leveraging the value of your business within your financial plan. As many entrepreneurs find the majority of their net worth tied up in their business, the reality of an illiquid asset that's challenging to convert into cash poses significant risks to retirement planning and financial security.

This episode sheds light on the stark reality that many businesses if placed on the market today, would not sell. This situation becomes problematic for owners who rely on selling their business to fund their retirement or next life phase, leading to stress and uncertainty. We tackle the pressing issue of having insufficient investable assets outside of the business and provide actionable solutions to enhance your financial wellbeing.

Listeners will gain insights into:

• The Importance of Knowing Your Business's Value: Discover why understanding the value of your business is crucial for successful financial planning and retirement.
• Challenges and Solutions: Learn about the common challenges business owners face when their net worth is primarily tied to their business and explore practical solutions to overcome these obstacles.
• Strategic Planning for Business Owners: We offer tips on increasing your business's attractiveness and value for a successful sale, alongside strategies for saving and investing outside of your business.
• Comprehensive Financial Planning: Understand the role of a financial plan in clarifying cash flow, taxes, and ensuring net proceeds from a business sale are sufficient for your 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.

In this episode I discuss why it's critical to annually review your listed beneficiaries on your investment accounts, retirement accounts, and life insurance policies. 

We discuss:

• Who is a beneficiary?
• A planning mistake I consistently see people make.
• Exactly how to review and update your beneficiaries on your investment accounts, retirement accounts, and life insurance policies. 

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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.

Planning for the income distribution phase of retirement is absolutely crucial for business owners who want to secure sustainable income and long-term financial security for themselves and their families. Unfortunately, many business owners overlook the importance of thoroughly assessing their potential income during this critical phase. Failing to plan for the obstacles that may arise can significantly impact the longevity of your retirement income distribution plan and exit strategy.

In this episode, we will delve into the essential strategies and considerations for planning your income distribution phase in retirement. We will provide valuable insights on how you can proactively plan for potential obstacles, ensuring a smooth transition into this phase of your life.

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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.

Taxes will be the largest expense you'll have throughout your entire life. In this episode, I will discuss 7 business owner tax strategies which include:

• Hiring Your Kids
• The Augusta Rule
• Section 179
• General Business Expenses
• Primary Residence Exclusion (Section 121)
• 401k Retirement Contributions
• States with no income tax

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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.

There's a reason the great Albert Einstein once said: "Compound interest is the eighth wonder of the world. He who understands it earns it…he who doesn’t…pays it."

Today I want to discuss:

• How compound interest works
• Why it is so important to get started investing much sooner than later
• How owners and entrepreneurs can take advantage of this concept and build wealth outside of their 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 want to share some insight into the Private Equity space when selling a business because there are so many traps and mistakes that can be made. I’ll share my experience as the Financial Planner and Exit planning advisor working with clients and the insights I’ve gathered from talking and working with experienced M&A advisors, CPAs, and attorneys. 

We discuss:

• What traps and mistakes to look out for when selling to private equity.
• My experience walking away from a private equity firm
• How the private equity game works when selling a 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.

Having the right team in place that collaborates and is led by what I like to call a "Financial Quarterback" will be essential to integrating all your personal and business finances and wealth management needs. And that’s what I will talk about today.

• What is the Financial Quarterback?
• Who should they be?
• What qualities should business owners look for when filling this role in their wealth management team? 

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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.

As a business owner and entrepreneur, a disciplined approach to investing is absolutely essential. It's not just about your investment portfolio or 401k. It extends to every investment opportunity, including private equity and real estate.

In this episode, we're going to unveil the secrets of disciplined investing, covering key topics such as:

• Decoding the significance of a target allocation and how it empowers you to make informed investment decisions
• Assessing the role of target allocation in determining your participation in new deals
• Exploring the components that constitute a robust target allocation strategy
• Discovering how streamlined external investments effectively manage risk and secure 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.