Legacy Shifters: Redefining Business Exits with Jane Johnson

The Secret Thoughts of CEO's Podcast

Jane Johnson is the President and Co-Founder of Business Transition Academy, Inc. As a former business owner who successfully guided her business for 14 years until it was acquired in 2004, Jane discovered how much time, planning, and preparation were necessary to consummate the sale of her business, achieve her goals, and ensure business continuity. This experience fueled her desire to assist other business owners with their ownership transitions, whether they intend to transfer their business internally to management or externally to an outside buyer.

In 2010, Jane was awarded the Excellence in Exit Planning Achievement Award from Pinnacle Equity Solutions, and in 2020, she won the Silver Stevie Award for Female Entrepreneur of the Year.

What You’ll Learn

● The weight of considering a business transition.

● When it’s time to think about your business exit.

● What changes are expected in tax laws?

● How can you enhance the value of your business?

● What it takes to bring in an outside partner.

● How long is the exit process?

● When you should reach out to Jane.

Timestamps

· [03:30] Jane’s background.

· [06:31] Jane’s ideal clients.

· [08:23] The weight of a pending transition.

· [11:26] Thinking about your exit.

· [17:38] Upcoming tax changes.

· [21:55] How to avoid high tax implications.

· [25:44] Business valuations.

· [28:55] How to enhance the value of the business?

· [32:07] Mergers.

· [35:08] Selling a percentage of the business.

· [41:17] The exit cycle.

· [42:35] When should you reach out to Jane?

Memorable Quotes

· “The day you start your business, you should be thinking about how you’re going to exit.” – Jane Johnson [11:55]

· “You have to really vet who you sell to.” – Jane Johnson [37:20]

· “It’s not a quick process.” – Jane Johnson [42:24]

Social Media

Jane Johnson.

Websites

www.businesstransitionacademy.com.