Best Businessexitplanning Podcasts (2024)

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Ep #086: Safeguarding Your Wealth: The Role of Prenups for Business Owners 8:27

2d ago8:27

8:27

Discover how a prenuptial agreement can safeguard your assets and ensure a smooth process in the event of unforeseen circumstances. I discuss why prenups are crucial for business owners, outline the potential risks, and provide a step-by-step timeline for implementing a pre-marital agreement. Resources: Timeline of Getting a Prenup Before Marriage …

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Ep #085: 10 Key Strategies to Increase Your Business Value Before Exiting 6:48

9d ago6:48

6:48

In this episode, we dive into effective strategies for business owners looking to maximize the value of their businesses in preparation for a successful exit. Discover 10 essential tactics, from reducing owner-dependence and creating Standard Operating Procedures (SOPs) to fostering recurring revenue and diversifying suppliers. Whether you're conte…

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Ep #084: How Asset Protection Can Save Your Business: Essential Strategies 6:37

16d ago6:37

6:37

Uncover essential asset protection strategies to safeguard your personal and business assets. Learn about choosing the right business entity, banking best practices, insurance, intellectual property protection, succession planning, and Tenancy by the Entirety. Protect your legacy and ensure your business thrives. ----- We help business owners: → Un…

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Ep #083: Early Exit Planning: Why It's Crucial for Business Owners Without an Immediate Plan to Transition 5:42

23d ago5:42

5:42

Regardless of whether you're in the growth cycle of your business with no plans to leave your business anytime soon, preparing for an eventual transition will be essential. We explore the hard truths about the importance of being proactive rather than reactive in planning for the future, ensuring that your business, team, and family are well-prepar…

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Ep #082: Planning With the End in Mind: How I Explain It To Business Owners 4:28

1M ago4:28

4:28

In this episode I explain the critical concept of planning with the end in mind, especially tailored for successful business owners contemplating succession, selling their business, or transitioning into retirement. By using a mountain climbing analogy, we explore the dual objectives of reaching the summit (accumulation phase) and safely descending…

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Ep #081: 4 Essential Questions Every Entrepreneur Must Ask Before Selling Their Business 5:05

1M ago5:05

5:05

In this episode, we dig into four essential questions every entrepreneur must ask themselves before business succession planning and selling their business. We address common reasons business owners delay exit planning and succession planning ranging from being too overwhelmed in the daily operations or just simply not knowing where to start. Liste…

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Ep #080: Scaling and Exiting a Family-Owned Business for 8-Figures with Ivan and Mariana Polic 1:01:14

1M ago1:01:14

1:01:14

In this inspiring episode, we dive deep into the remarkable journey of Ivan and Mariana who navigated the complex path from burnout to achieving an 8-figure business exit. With firsthand insights into the challenges of working within a family business, building a robust succession plan with their father, and the strategic maneuvers that led to trip…

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Ep #079: Five Key Strategies to Improve Your Financial Health 5:54

2M ago5:54

5:54

In this episode, I discuss five key financial strategies for entrepreneurs, focusing on building personal and business emergency funds, effective debt repayment, and smart investing both inside and outside of the business. I offer practical advice for managing financial risks, enhancing cash flow, and achieving financial independence. Meant for bus…

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Ep #078: When Should Retiring Owners Sell Their Business? 6:53

2M ago6:53

6:53

In this episode of the podcast, we dive into critical questions that many retiring business owners face: "When is the right time to sell my business?" "Will selling my business fund retirement?" "What to consider before you sell your business and retire." This discussion is aimed at entrepreneurs and business owners contemplating retirement, seekin…

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Ep #077: Maximizing Philanthropy and Taxes: A Strategic Guide to Donor Advised Funds 5:31

2M ago5:31

5:31

Discover the power of a Donor Advised Fund (DAF) in this episode. We dive into the strategic benefits of using DAFs for impactful donations and significant tax reductions. Learn how business owners and high-earners can leverage DAFs to optimize tax benefits during peak earning years, understand the process of donating appreciated assets like stocks…

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Ep #076: Exit Planning Strategies to Avoid Regret After a Business Sale 7:35

2M ago7:35

7:35

In this podcast episode, I discuss the critical aspects of exit planning, financial planning, and life after business for entrepreneurs and business owners. It outlines a comprehensive approach on how to make a regretless choice when considering a business sale, emphasizing the importance of financial readiness, business valuation, and personal ful…

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Ep #075: Mastering Your Exit: Key Strategies for Business Owners Ready To Sell 5:28

3M ago5:28

5:28

Exploring the critical signs of readiness for a business exit, this episode delves into the emotional, financial, and operational preparedness needed for a successful transition. From addressing the challenges of burnout and economic downturns to the importance of early planning and the role of advisors, we provide invaluable insights for business …

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Ep #074: What Should I Do With The Cash In My Business Account? 3:37

3M ago3:37

3:37

In this episode I discuss effective cash management in businesses with our latest podcast episode, "What Should I Do With The Cash In My Business Account?" We explore strategies for emergency fund maintenance, smart investment choices, and optimizing financial growth. Ideal for entrepreneurs and business owners, this episode will discuss actionable…

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Ep #073: What Are The Tax Implications When Selling a Business? 4:55

3M ago4:55

4:55

Are you a business owner planning to sell your business and retire? One critical aspect to understand is the tax implications of such a sale. This episode, "What are the tax implications when selling a business?" dives deep into the essential tax considerations every business owner must evaluate. Learn about the basics of federal and state capital …

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Ep #072: How Should I Invest My Business Profit? (Real-Life Case Study and Tips for Business Owners) 6:09

3M ago6:09

6:09

In this insightful episode of our podcast, titled "How Should I Invest My Business Profit? (Real-Life Case Study and Tips for Business Owners)," we delve into the crucial topic of profit reinvestment and financial planning for business owners. Join us as we navigate the complexities of business profit investment through a real-life case study that …

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Ep #071: Beyond Your Exit: Planning for Life After Succession 5:24

4M ago5:24

5:24

Are you a business owner thinking about succession and retirement? Discover essential insights in 'Beyond Your Exit: Planning for Life After Succession.' This episode dives into three key areas of strategic planning that are critical for securing your legacy and thriving after you step down from your business. Understanding Your Current Financial S…

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Ep #070: Why Your Business Needs a Strong Continuity Plan 4:51

4M ago4:51

4:51

In today’s episode, we delve into the crucial topic of Business Continuity Planning, a strategic blueprint every business owner must consider. A Business Continuity Plan is essentially a comprehensive document designed to guide businesses through emergency situations, such as the death or incapacitation of an owner, ensuring the company’s operation…

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Ep #069: The Top 3 Exit Planning Mistakes and How to Avoid Them 6:46

4M ago6:46

6:46

In this episode, I discuss the top three exit planning mistakes business owners make when trying to leave and retire from the business. These include: Not knowing the true value of the business Waiting too late to plan until being forced to sell Being too personally attached and involved in the business I'll discuss each of these in more depth and …

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Ep #068: Disability Insurance for the Self-Employed: What You Need to Know 7:24

4M ago7:24

7:24

When you own your own business, everything depends on you – and it can be hard to take off even one day from work. But what if a serious illness or injury prevented you from working and you had no income for months? How would you, your family, or your business survive and what would you live on? In this episode I discuss: How disability insurance w…

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Ep #067: Understanding How Life Insurance Works: Term Vs Whole Life 10:12

5M ago10:12

10:12

Financial planning can be boiled down to offensive and defensive strategies. Offensive planning focuses on proactive wealth growth, such as 401k contributions, emergency funds, and reinvesting profits. In contrast, our primary focus, defensive planning, involves safeguarding your wealth, family, and business against unforeseen circumstances through…

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Ep #066: Avoid This Year-End Business Tax Planning Mistake! 3:05

5M ago3:05

3:05

In this crucial episode, we dive into a common yet often overlooked year-end tax planning mistake made by business owners: depleting cash reserves to purchase equipment, vehicles, or inventory with the intent to reduce taxable income. While minimizing taxes is a strategy we all can agree on, the risks associated with tapping into cash reserves for …

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Ep #065: Marketing Your Home Service Business with Serial Entrepreneur Marcia Barnes 29:21

5M ago29:21

29:21

In this episode, I interview Marcia Barnes, a serial entrepreneur who grew a company from $2 million to over $400 million in revenue. She is now the Founder and CEO of Valve+Meter Performance Marketing transforming home service businesses through profitable marketing programs. Her goal at Valve+Meter is to 10x the value of 100 businesses by helping…

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Ep #064: The Triple Tax-Free Benefits of the HSA (Health Savings Account) 6:24

5M ago6:24

6:24

In this timely episode, as we approach the end of the year and step into open enrollment season, we unpack the advantages of Health Savings Accounts (HSAs) for both business owners and employees. HSAs offer triple tax-free benefits, including pre-tax contributions, tax-free growth, and tax-free distributions for qualified medical expenses, making t…

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Ep #063: Exit Options: How to Decide Which One Is Best For Me? 4:46

5M ago4:46

4:46

In this insightful episode 63 of our podcast series, we delve into the nuanced process of planning a business exit, building upon the foundation laid in episode 62 where we explored seven common exit strategies for small business owners. This episode introduces the "Exit Matrix," a valuable tool designed to help entrepreneurs visually compare and c…

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Ep #062: 7 Ways to Exit a Business 6:18

6M ago6:18

6:18

In this comprehensive episode of our podcast, we explore the diverse landscape of business exit strategies, offering invaluable insights for business owners contemplating their next steps. Titled "Exploring Business Exit Strategies: Aligning Your Exit with Your Goals," this episode delves into the seven most common ways to exit a business, plus an …

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Ep #061: 5 Strategies To Improve the Culture in Your HVAC Business 4:21

6M ago4:21

4:21

In this episode, I highlight a section from episode #60 when I interviewed John Shirk, a business consultant for HVAC contractors. Listen in as I discuss 5 tactical strategies to improve the culture in your HVAC business and more! ----- We help business owners: → Understand the complexity of navigating a business transition → Assess their level of …

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Ep #060: How to Build a Thriving Culture to Attract & Retain Talent Within Your HVAC Business 32:44

6M ago32:44

32:44

In this episode, I interview Dr. John Sherk, an operations management consultant specializing in helping HVAC business owners compete for talent with culture and strategy instead of wage wars. We dive deep into specific strategies HVAC owners can leverage including: How to hire and retain top talent so everything in your business doesn't solely dep…

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Ep #059: How to Sell Your HVAC Company for Maximum Value: Insights from a Business Broker 26:15

6M ago26:15

26:15

In this episode, I interview Patrick Lange, a professional business broker who specializes in selling HVAC companies. We discuss common mistakes HVAC owners make when trying to sell, the value of having maintenance agreements in place, tactics to increase the value of your HVAC company, and more! RESOURCES: Patrick Lange: https://businessmodificati…

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Ep #058: Revealing The "Hidden Costs" of a Business Sale 7:06

7M ago7:06

7:06

In this episode, we break down the hidden costs that can eat into your business sale proceeds. Listen in and gain a clear understanding of intermediary fees, legal costs, and taxes to make informed decisions about your exit strategy. ----- We help business owners: → Understand the complexity of navigating a business transition → Assess their level …

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Ep #057: The #1 Reason Your Business Will Never Sell 3:45

7M ago3:45

3:45

Did you know that over 80% of small business owners never successfully sell their businesses? In this episode, we delve into the number one deal breaker when it comes to selling your business - owner dependency. If you're looking to one day sell your business, understanding and addressing this critical issue is paramount. RESOURCES: Watch the youtu…

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Ep #056: Calculate how much you need to retire in 5 easy steps 4:39

7M ago4:39

4:39

In this episode, I break down a super-simple method to calculate exactly how much money you'll need to retire without the complex math. Discover the 4% rule, learn how to annualize your expenses, and adjust for inflation. RESOURCES: Watch the youtube version: Calculate how much you need to retire in 5 easy steps Calculator Used: https://www.calcula…

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Ep #055: Assessing Your Potential Successor: Key Questions for Business Owners 4:24

7M ago4:24

4:24

Discover the key questions every business owner should ask when evaluating a potential successor. From assessing their knowledge and skills to evaluating their commitment and leadership abilities, we guide you through the process step-by-step. Don't miss this essential guide for small business owners looking to secure their company's future! ----- …

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Ep #054: My 4-Step Framework for a Successful Transition into Retirement 7:12

8M ago7:12

7:12

Are you a small business owner dreaming of a successful transition into the next phase of your life? Whether it's retirement, spending more time with family, traveling, or exploring part-time consulting, this video is your roadmap to break free from the daily grind and achieve financial freedom. Join me as I explain a four-step framework to help yo…

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Ep #053: 12 Estate Planning Essentials For Business Owners (Repost) 12:30

8M ago12:30

12:30

I'm bringing this episode up to the forefront because of how important it is. Life can throw many curveballs our way. Listen in to gain insights into safeguarding your business, family, and legacy. Learn how you can ensure you're well-prepared for life's uncertainties and can exit your business with peace of mind. ----- We help business owners: → U…

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Ep #052: Proven Approaches to Business Transition Planning with Laurie Barkman (Certified M&A Advisor) 28:44

8M ago28:44

28:44

In this episode of Business Exit Success, Laurie Barkman and I discuss the strategies, tips, and proven approaches for successful business transition planning. We discuss valuable insights to help business owners maximize their business's value during times of change. Whether you're navigating changes in leadership, ownership, or structure, we disc…

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Ep #051: 4 Effective Delegation Strategies To Get Your Time Back in Business 8:35

8M ago8:35

8:35

Are you constantly overwhelmed with tasks and struggling to delegate effectively? As a small business owner, your time is precious. In this video, I share proven delegation strategies that I personally use with my business owner clients to gain more time and focus on high-level business growth. ----- We help business owners: → Understand the comple…

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Ep #050: How to Invest for Beginners (Inflation, Investment Strategy, Investment Mistakes to Avoid and MORE!) 8:31

8M ago8:31

8:31

Learn how the stock market works and how anybody who wants to invest for the long term can make money without stress and anxiety. I explain how inflation impacts our money, investing strategy, and investment mistakes to avoid. Enjoy! ----- We help business owners: → Understand the complexity of navigating a business transition → Assess their level …

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Ep #049: How to Reduce Taxes on Required Minimum Distributions 7:36

9M ago7:36

7:36

Required Minimum Distributions can drastically increase your taxes in retirement without proper tax planning. Learn how RMDs work and three ways to decrease taxes on your required minimum distributions using Roth Conversions, Making Qualified Charitable Distributions, or working longer. ----- We help business owners: → Understand the complexity of …

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Ep #048: Taxes When Buying and Selling Stocks: Explained 4:58

9M ago4:58

4:58

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. ----- We help business owners: → Understand the complexity of navigating a business transition → Assess their level …

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Ep #047: How to Calculate the Value of Your Business + Three Essential Tips to Increase It 7:38

9M ago7:38

7:38

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. ----- We help business owners: → Understand the complexity of navigating a business transition → Assess their level of preparedness from a financial, tax, and legal p…

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Ep #046: Why The Value of Your Business is Critical to Your Financial Plan 5:16

9M ago5:16

5:16

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 t…

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Ep #045: It's critical to review your listed beneficiaries on your investment accounts, retirement accounts, and life insurance. Here's Why... 5:08

10M ago5:08

5:08

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 accou…

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Ep #044: How to Plan for the Income Distribution Phase of Retirement 9:27

10M ago9:27

9:27

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…

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Ep #043: Tax-Saving Secrets: 7 Strategies Every Business Owner Should Know 6:29

10M ago6:29

6:29

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 ----- We help business own…

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Ep #042: How Compound Interest Can Multiply Your Wealth 4:51

10M ago4:51

4:51

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 concep…

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Ep #041: Know the Game You're Playing: Insight into Private Equity 4:46

11M ago4:46

4:46

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, CPA…

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Ep #040: Why Business Owners Need a Fiduciary Advisor As Their Financial Quarterback 6:03

11M ago6:03

6:03

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 …

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Ep #039: Unlocking the Art of Disciplined Investing for Small Business Owners 5:10

11M ago5:10

5:10

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: Deco…

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Ep #038: Exit Planning vs Succession Planning: Unraveling the Key Differences For a Profitable Business Exit 5:55

11M ago5:55

5:55

Attention Small Business Owners: Gain Clarity on Exit Planning vs. Succession Planning for a Profitable Business Exit! Do you know the crucial differences between Exit Planning and Succession Planning? We will dive into: 🚀 The advantages of developing an exit plan ahead of time for a seamless business transition 🔑 Unveiling the true essence of succ…

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Ep #037: Do I Need To Sell My Business To Retire? 7:54

12M ago7:54

7:54

Over 90% of business owners depend on the sale of their business to fund their retirement. It's a staggering statistic that highlights the significance of this issue. While owning a private business can be incredibly rewarding and fulfilling, it also presents unique challenges when converting that ownership into liquid assets for retirement. In thi…

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Businessexitplanning Podcasts

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