I was interviewed by Russell Farbiarz from the Not Minding My Own Business podcast and really enjoyed our discussion on:

• What is exit planning and why it's important for owners in all stages of business
• Exit planning tips to regain your freedom
• Strategies to make your business more attractive to a buyer
• How to delegate more
• Knowing how much you would need to sustain your lifestyle post-transition
• Answering the question, "What's Next?"

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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, we discuss how to think through and evaluate your tolerance for risk after the sale of your business. You've worked your entire life up to this moment, learn how to protect what you've worked so hard for.

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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.

Over 90% of business owners depend on the sale of their business to fund their retirement. At the same time, less than 20% of businesses actually sell. This ends up being a huge risk for business owners who are looking to transition out of their business and retire.

Listen in as we discuss the three retirement income buckets, how they are taxed, and why accumulating assets in each will reduce your risk.

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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.

Have you ever thought about what you'd do if someone was interested in buying your business? Would you be prepared to have that conversation? Whether you plan to sell your business, pass it down to your children, or close up shop entirely, having an exit strategy in place is critical to navigating this process.

Unfortunately, many business owners don't think about this until it's too late.

In this episode, we discuss the consequences of not planning your business exit and six reasons why you should have an exit strategy much sooner than later.

We cover:

• What the consequences of not having an exit strategy are through a case study
• What exit planning actually means
• Common reasons why exit planning is ignored and put on the back burner
• Six benefits to having an exit strategy in place

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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.

Are you a business owner looking to maximize your retirement savings while minimizing your future tax burden? In this episode, we dive deep into the benefits of using a Roth IRA. We discuss contribution limits, how to utilize the "backdoor" Roth IRA conversion, the flexibility it can provide in having access to your contributions, and much more!

• What is the Roth IRA and how is it taxed
• How to take tax-free withdrawals in retirement
• How high-income earners (above the phaseout limit) can still use the Roth IRA
• What are the benefits for your beneficiaries
• Flexibility and having access to your contributions

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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.

Did you know that 34% of entrepreneurs have no retirement savings plan for themselves? And many do not provide retirement benefits to their employees. So we kick off this episode by discussing common misconceptions preventing owners from setting up a plan for themselves and their employees.

We discuss common myths around setting up a 401k plan, explore the pros and cons of the Traditional 401k vs Safe Harbor 401k, and provide insights into which strategy may best suit your business.

• Common misconceptions that prevent owners from setting up a 401k plan
• The pros and cons of the Traditional 401k vs Safe Harbor 401k
• How much you can save and invest in a 401k plan
• How to set up and automate a "set it and forget it" savings strategy
• Who is the Third Party Administrator and what do they do

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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, saving for retirement can be a daunting task. Unlike employees of larger companies who often have access to employer-sponsored retirement plans, business owners are responsible for creating and funding their own retirement accounts. For the solo business owner that's where the SEP IRA and Solo 401k come into play.

In this podcast episode, we explore the pros and cons of each plan and provide insights into which plan may be best suited for your business. We delve into the challenges that solo business owners face in saving for retirement, provide guidance on how to navigate these obstacles, and discuss real-world examples of how each plan works in practice.

• The pros and cons of the SEP IRA vs Solo 401k
• Insights into which plan may be best suited for your business
• The eligibility requirements and contribution limits to determine how much you can save
• What maintenance looks like for the SEP IRA and Solo 401k

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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.

Recessions are a natural part of the economy and come with a number of challenges that are out of our control. How can owners best position themselves and their business to thrive in this environment? It all comes down to preparation and setting yourself up for an advantage.

In this episode, I will share how to prepare yourself and your business to take advantage of a recession economy.

• How to make sure you have access to capital
• The importance of having a strong financial history
• How much to keep in an emergency account for your personal and business expenses
• Why you should evaluate your cashflow and expenses
• Five ways to niche your business down
• How to manage old inventory and receive a tax benefit
• How to pay quarterly estimates online

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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.

Investing your life savings in the market can be a rollercoaster ride, and it's not uncommon to feel overwhelmed by the emotional ups and downs. Unfortunately, these emotions can lead to irrational decision-making and negatively impact your long-term investment strategy.

In this episode, I will share the impact emotional investing can have on your returns, investing principles to follow so you don't react to market losses, and strategies to help position your money for long-term success.

• Mistakes investors make when the market goes down
• How to take advantage of a down market
• The benefits of investing based on facts, not on trends
• How to avoid making emotional decisions with your money

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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.

Less than 20% of businesses that go to market will sell. The majority of those that do, sell well below the owner's desired value. Why is this? Listen in as I discuss the top four most common business readiness issues and how to fix them. Addressing these four issues alone will set you apart from the remaining 80% of businesses that have no chance of selling.

In this episode I share:

• The top mistakes owners make when trying to sell their business
• How are buyers looking at businesses to determine if it is valuable or not
• The value factors owners should be aware of to position their company for maximum attractiveness

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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.