The Owner’s Dilemma (To Sell or Not to Sell), with John Micklitsch and Howard Essner
hosted by: David Mariano, Director and head
of the firm’s Buy-Side advisory practice
The Owner’s Dilemma (To Sell or Not to Sell), with John Micklitsch and Howard Essner
As a business owner, you have likely thought about selling your business at some point. And if you are like most owners, you probably face a dilemma when you start thinking about it. If I sell, what will I do next? What would I do with the money anyway? In this low return environment, isn’t my business a better investment? We brought in some experts to help us answer these tough questions.
We have invited two seasoned professionals into the studio today to explore answers to several questions which are tough for business owners to answer. John Micklitsch and Howard Esner are both with Ancora Holdings, a firm that oversees more than $4 billion of assets. John and Howard bring more than 50 combined years of investment, legal, estate and financial planning experience.
Key questions in this episode:
* Why would I want to sell my business?
* How could the risk of concentrated wealth effect me and my future success (at 08:49)?
* How should I diversify the cash from the sale of my business?
* What are some things to consider at the beginning of an investment plan?
* How early should you start thinking about an exit plan?
* What kinds of tools are available to assist in financial planning?
* What is an investment policy statement?
Key points in this episode:
* The importance of the planning process.
* Risk versus reward.
* The three tenants of a sound investment program (at 07:35).
* How retirement has changed over the years.
* How Monte Carlo simulations can help in investment planning and retirement planning processes (at 22:32).
* 9 times out of 10, a business owner’s pleasant surprise…
Resources mentioned in this podcast
* Click here for access to training and templates
* Click here to learn about Monte Carlo simulations and how they work
* The Mergers & Acquisitions Playbook, by Mark Filippell
Listen to Fully Invested below:
