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010 - 3 Things for a Successful Exit
Manage episode 417245464 series 3562982
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Summary: In this episode, Adam and Steve discuss the three things necessary for a successful business exit. The first thing is having the business finances in place and knowing the true value of the business. The second thing is ensuring personal finances are in order and aligned with retirement goals. The third thing is having a plan for the next chapter of life after exiting the business. They emphasize the importance of having a written plan and considering all aspects of life beyond the business.
Chapters
00:00Introduction 06:01Chapter 2: Personal Finances 14:29 Conclusion Takeaways- Knowing the true value of your business is crucial for planning a successful exit.
- Personal finances need to be aligned with retirement goals and the desired lifestyle after exiting the business.
- Having a plan for the next chapter of life is important to avoid regret and frustration.
- A written plan that considers all aspects of life beyond the business is essential for a successful exit.
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