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Who is the Guest?

• Marvin L. Storm has founded, acquired, and scaled businesses over the past four decades. After exiting his last business, he planned to enjoy life, but after a brief stint in the slow lane, he realized that sitting on the sidelines wasn’t his style.
• After considering his options, he felt that leveraging his decades of startup, operational, and C-suite experience could help entrepreneurs launch, scale their business, create enterprise value, and then execute a profitable business exit.
• With this idea in mind, he launched the Business Exit Stories Podcast where he interviews M&A Advisors, Investment Bankers, Business Brokers, Wealth Managers, and other transaction professionals inviting them to share war stories of their good, bad, and ugly deals for the benefit of entrepreneurs who are in the early stages of thinking about and positioning their businesses for an eventual exit. Reach them out here at: 

Timestamps:

[00:00 - 05:12] Intro

[05:13 - 10:42] 
Why will you send your business even when you're doing well?

[10:43 - 14:36] 
How do we extract a lot of our net worth before the sale?

[14:37 - 16:34] 
When getting a deal done - don’t get involved, DIRECTLY

[16:35 - 19:20] 
Should you name your business or LLC after yourself? How to keep my personal and business assets separated?

[19:21 - 25:32] 
Can your business debt be transferred to the buyer when sold? 

[25:33 - 27:04] 
What is the Business Exit Stories Podcast all about?

[27:04 - 29:01] 
Investor Q&A Round: Is there somebody out there that you admire, you want to meet? And if so, who is that and why?

[29:01 - 29:01] 
Investor Q&A Round: If you had a time machine, and you could go forward, backward any way you want, where would you go and why?

[33:22 - 34:35] 
Marvin Storm signing off. His last tip: "Pack Your Parachute”

[34:36 -35:22] Outro

**Don’t forget to leave a review on Apple :)

Quotes:

• “[Buyers] want to buy the future. They don't want to buy the past. They will pay you for the past -but they don't want to pay you for revenue and profits that you haven't earned yet.”
• "Take Abraham Lincoln, he was thinking of the long term when he accepted the presidency and went to war. He was thinking of what this country would be decades, if not 100 years, down the road, and felt that that was worth fighting for."
• "Pilots don't pack their parachutes when the engines are on fire, they have their parachutes ready to go. And so my advice to anyone out there who has a business start packing your parachute so that if something unexpected happens, you can grab it and head for the exit. Don't try to pack it when you're running toward the exit."

Start taking action right NOW!

• Goal-setting the right way! 
• Hesitant to make the first step towards real estate investin

Any questions?

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