The final stage of the Business Owner Lifecycle is one that every entrepreneur dreams of—the Freedom Stage. In this stage, business owners reap the rewards of their hard work to either enjoy retirement or change direction to pursue a new passion or investment. The emphasis is no longer on the success of the business, but rather on the lifestyle of the now-former business owner. 

In this episode, special guest Greg Sellers, CPA, AEP®, a Member of Warren Averett’s Tax Division and a leader in the firm’s Estate and Trust Service Area, shares advice on what you can do now so you can look forward to your own Freedom Stage. 

In this episode, you’ll hear: 

• A description of the Freedom Stage (and how it doesn’t always include retirement)
• The challenges to entering the Freedom Stage 
• Tips regarding estate and legacy planning to prepare yourself for retirement
• Advice on projecting cash-flow needs, keeping estimates conservative and reevaluating often
• How to leave a legacy while also starting a new venture (and how to protect your assets and wealth)

Listen to the full series here: 

• Intro Episode: Episode 069 | The Entrepreneurial Journey and the Cycle of Business Growth
• Startup Phase: Episode 070 | What Does It Take for a Startup To Succeed?
• Growth Phase: Episode 071 | Navigating the Dynamics of a Growing Business
• Maturity Phase: Episode 072 | Sustaining Success in an Established Business
• Exit Phase: Episode 073 | Strategies for a Successful Business Exit