Podcast Episode 8: Seven Steps to Take Before Exiting Your Business

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Episode Summary

Brett takes a deep dive into the seven steps every business owner must take to successfully exit your business. Hint: start planning for your eventual exit long before you plan to retire.

Sadly, the valuable experience you’ve developed over the years does not equip you to leave your business successfully. Click To Tweet

Episode Highlights

[02:36] The three goals you need to set to successfully exit your business
[04:00] How to quantify your financial resources to prepare for your eventual retirement
[05:06] How to maximize your business’s value while minimizing risk
[07:17] The best way to reap top dollar for your business when you sell it
[08:24] The two conditions you must meet if you plan to transfer your business to an insider
[12:15] Why contingency planning is an integral part of your exit strategy
[14:22] The importance of proper estate planning as a business owner