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.
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
For more information on exiting your business successfully, check out Episode 5: Leaving Your Business is Inevitable.