Exit Coach Radio

Jane Johnson - Five Years from Exit? What should you do RIGHT NOW?

 

 

 

 

 

 

Jane Johnson discusses why 5 years is optimal to plan your successful exit. She is the co-founder of the Business Transition Academy

 

Hans Sperling - Important Legal Issues to Address Well in Advance of Your Business Sale (H3017)

In this 20+ minute highlight, Hans Sperling, Founder of Sperling Law Corporation discusses numerous strategies and ideas for your planning as you prepare for your Business Sale in the future, including the importance of your own pre-emptive "legal audit" to find and fix problem areas before your Buyer does, several tips on how to avoid "deal killers", and why your attorney should be your best friend when you are preparing to sell. Forward this to anyone who is saying they want to "sell someday soon"!

 

 

 

 

 

 

Michael Shea - Escaping the Owners Trap

Michael Shea is the President of AdviCoach, a company focused on helping privately held businesses improve their business performance.

Questions Answered

1) So exactly what is the owners trap?

2) If a listener feels they are in the owners trap how can they get free?

3) A lot of business owners I know really love what they do, what is the downside of spending all of your time and energy in your business?

 

Contact Info

 

Website: www.mshea.advicoach.com

Email: mshea@fsbiapps.com

 

Brad Leggett - Developing a High Performance Sales Team (C0718)

Brad Leggett is the CEO & Founder of The Leggett Group, Inc. Brad works with CEO's and VP's of sales to set the company's sales strategy and to build, lead and retain "high performance sales teams." Today, he will discuss how to develop your company's high performance sales team.

Questions Answered: 

1) What drew you to this line of work?

2) What advice would you give an entrepreneur/CEO who needs to establish a sales team?

3) What are the most common challenges you see companies encounter with their sales teams as the company grows?

Contact Info:

Website: www.leggettsales.com

Email: brad@leggettsales.com

 

 

Tom Gledhill - Position Your Company for a Premium Exit

Tom Gledhill of www.murphybusiness-ne.com discusses the most important tasks a business owner can undertake in the 2 years preceding a sale or transition.

Tom has written 2 books: "Position Your Company for a Premium Exit" and How to Sell Your Company and NOT Leave Money on the Table" (both are available at Amazon Books 

 

Don Burzen - Empowering Owners by Challenging Assumptions and Mindsets (B1218)

In this 20 minute interview, Don Burzen, Positive Exits Business Consultant, discusses how he helps business owners replace assumptions with facts so they can do effective planning. He also offers many valuable tips and strategies for businesses owners.

 

 

Joe Seetoo - The Realities of Selling your Business in a Zero Interest Rate Environment

Mr. Seetoo is a Partner and Vice President with Morton Capital Management - a Registered Investment Advisor managing about $1.6 bn in assets under management as of June 30, 2016. As a Certified Financial Planner and Chartered Financial Analyst, Mr. Seetoo has 17 years of experience in developing investment strategies for affluent business owners and high net worth families. 

Questions Answered: 

1. Why is it important for business owners to do financial planning prior to selling their business?

2. Your firm has a niche in identifying alternative investment strategies - why is that?

3. How can business owners (or any investor) generate sufficient income in Zero interest rate environment after they

sell their businesses?

 

Contact Info: 

 

Website: www.mortoncapital.com

Email: jseetoo@mortoncapital.com

 

 

 

Jeffrey Appleman - What You Should do Prior to Your Decision to Exit (G2217)

Jeffrey Appleman  of B2B CFO discusses how to get ready to exit your business.

 

Contact Info:

Email Address: jeffreyappleman@b2bcfo.com

Website: www.b2bcfo.com

 

Chris Dirkers - Working ON Your Business vs, Working IN Your Business (D2118)

Chris Dirkers is an Action Coach and Solutions Expert. He shares some excellent ideas and tips for business owners who are thinking about preparing for their business transition and exit.

 

Addison Adams - 3 Structures for the Sale of Your Business (D1118)

Addison Adams of Adams Corporate Law, LLP discusses considerations for business owners who are planning to borrow, sell or go public.

 

 

Chris Kramer - Your Exit is Coming - Will You Be Ready? (D0518)

Chris Kramer, Managing Director, Strategic Equity Group discusses the decisions and strategies that go into an exit plan and the critical importance of preparing well in advance to have the best options.

 

How to Plan a Successful Ownership Transition (20m) Jane Johnson

Jane Johnson of Business Transition Academy discusses her experience and gives us some valuable tips for Business ownership transition pre-planning.

 

Tawnya Gilreath - Increase Business Value 30% in the Year Leading up to Sale

Tawnya Gilreath of LA Business Pros talks about a 12 month Value Driver process they use to Guarantee a 30% increase in the value of a business from the time they initially value your business.

Transcript: 

Tawnya: Basically, we put together a systematic process where we could help business owners that want to increase the value of their business before putting it on the market, and it is a 12 month program. Now, understand that some business owners are burned out and they don't want to wait 12 months. However, for those that do, we guarantee we will be able to sell their business for at least 30% more than the initial valuation when we started. So, when you think about that in terms of, if a business is worth $2M at the beginning, that means 12 months later, we guarantee that we're going to be able to sell it for $2.6M. 

Bill: So, by working with you and you coming in and saying, "You've got to fix this, put processes and systems in place, work on all these different areas," they're going to drive up the value of their business 30% and you guys stand behind that? 

Tawnya: We do stand behind that, and what we do is, let's go back to that $2M vs. $2.6M, let's say we only sell that business for $2.5M. Not only does the business owner derive the benefit of that extra half-million dollars in revenue from the sales price, but in addition to that, we refund all the consulting fees that he paid during that 12 month period, during that process. So it's absolutely risk free to that business owner. 

 

Terry Shope - Financial and Operational Preparation Prior To Sale

In this 20 minute interview, Terry Shope, Principal - MPL Consulting,Inc. discusses several ideas and strategies for Business Owners who are starting to think about their future sale. This interview has many tips that you can put into play right away!

 

John ”Murph” Murphy - What To Do Before The Buyer Calls (D1618)

 

John "Murph" Murphy, founder of JK Murphy Advisors, specializes in helping business owners be prepared for all kinds of circumstances leading up the sale of a business. So what should an owner have prepared to discuss in case a serious buyer calls? Listen in to find out.

 

Click the LinkedIn button to Share this interview with your contacts!

 

Aleen Bayard - Planning Your Exit Should Be Part of Your Annual Planning (L2617)

Aleen is a leadership development and executive coach. Her coaching approach is to help the client use the

coaching process to accomplish specific business goals. The sale or succession plan is one of the most

complex and emotionally-laden business scenarios she encounters.

Questions discussed:

What is the biggest issue you see when working with business leaders, especially those in the process of

contemplating a transition or exit strategy?

Do you suggest the clients hire someone like you personally or do you work with a larger executive team?

What is the most important lesson learned you can share with our audience?

Contact Info

Email:

aleen@marketzing.org

Website:

www.marketzing.org

 

 

Chris Bond - Surviving the Founder is A Key to Business Transfer

Chris Bond of Murphy Business Financial Corp. discusses a recent business sale and the common needs of businesses to "survive" the founder to transfer successfully.

Transcript: 

Chris: Surviving the exit of the founder or the operators, that's the biggest key, and every client project I work on is heavily weighted toward good will, so the value is often in the name, the brand, the phone number, the web address, and a lot of what the founder or operator has built. So, it's difficult to transfer that. I've got a deal right now, a signed purchase and sale agreement, all ducks in a row, all pieces negotiated, lawyers have done their parts, the one snag is: final piece of financing for the buyer, and getting a bank to be comfortable with how heavily weighted this small publishing company is on the founder's knowledge as opposed to the books, and that's a challenge. We've got multiple banks looking at it, trying to get one of them comfortable with the buyer, who is so savvy and so talented that he's going to be able to grow the business beyond what the founder's built, never mind maintain what he's built. 

 

Kevin Weir - If it is Hard to Turn The Key, You Will Not Get Top Dollar

Kevin Weir, Action Coach, discusses a common problem of many small businesses - lack of processes and systems that make it hard to transition the business.

Transcript: 

Kevin: When you're trying to sell a business, it's a lot harder to sell a business if it isn't a turn-key operation. If somebody wants to walk in and buy a business and all the systems are sitting in the owner's head, that potential buyer is going to place a discount on that business, because most people who are investing in business aren't going to want to just purely operate it on an ongoing basis. A lot of people who are wanting to buy a business want to be able to have some level of ability to let it operate buy itself. The less systems you have in the business, the bigger the discount. So, what we do, is we help them develop and systematize the business such that it can work without them, because our definition of a business is a commercial, profitable enterprise that works without you, the business owner. To the degree it fits that definition is the degree that you're going to have a much more valuable business. 

 

Exit Planning Should Always Be On Your Mind (1m) Michael Pfeffer (J2817)

Michael Pfeffer, Valuation Expert and Business Broker for Murphy Business & Financial Services of Southwest Florida, explains why it's always important to be ready to transfer your business. 

 

Don Burzen - Think of Your Business as an Investment (J2417)

In this 1 minute highlight, Don Burzen, Positive Exits Business Consultant, discusses how many business owners do not think of their business as an investment, but they would be better operators if they did.

 

Paul Ousterhout - KPIs Drive Profits Today and Exit Value Tomorrow (G2417)

 

 

 

 

 

 

 

 

 

The KPI Guy is dedicated to bringing actionable KPIs to small and medium business. We turn data to dollars by designing, implementing and optimizing business performance metrics. You can't manage what you don't measure. Website: kpiguy.com  Email: paul@kpiguy.com

 

John Murphy - Can You Do More To Get More?

 

John Murphy and David Horwich of JK Murphy Advisors discuss some of the most important planning techniques that business owners should consider.

 

Kresimir Peharda - Preparing to Sell Your Business (B020518)

 

 

 

 

 

 

 

Kresimir is a securities and mergers and acquisitions attorney. He helps his clients maximize the value of their business at sale.

Questions Answered: 

1. How do you help your clients plan ahead before a sale?

2. When is the right time to begin planning for a sale?

3. What are some of the most common mistakes business owners make in the sales process? 

Contact Info:

Website: www.kpehardalaw.com

Email: kresimir@kpehardalaw.com

 

James S Wittmack - 3 Most Important Things a Business Owner Should be Doing They Aren't Doing Now

James Wittmack is a Master Strategist at IntelliVest Advisors. James helps small to medium size companies prepare for exit by driving profitability through operational efficiency.

Questions Answered: 

1) What's your most interesting funding story?

2) What's your most interesting turn around story?

3) What's your most interesting start up story?

Website: intellivestadvisors.com

Email: jwittmack@intellivestadvisors.com

 

 

John Brown - What Business Owners Need to Know About Selling Today

Do you need tips about preparing to sell your business from a true expert? John Brown, the founder of Business Enterprise Institute (www.exitplanning.com)  discusses how today's economic headwinds increase the difficulty of exiting your business on your terms and conditions.

Questions discussed:

1.how can owners overcome headwinds

2. what needs to be done to overcome headwinds

3. who can help

 

ExitCoachRadio.com - Great Advice from Great Advisors! 
Listen to Daily interviews and tell your Business Owner friends!

 

Barry Moniak - Begin With The End in Mind

Barry Moniak, Vistage Speaker and Organizational Therapist at End in Mind, helps leaders build synergistic, independent teams and systems. Barry’s specialty is helping business leaders break free from the day-to-day and keep their focus on the end goal. His method for achieving this, is to help construct a business model which can run without the leader constantly needing to keep their hands on the wheel, allowing them to build an identity beyond the workplace and more fruitfully retire. By assembling the right team, the results can be far greater and more profitable than individual efforts could be on their own. 

In his interview, Barry dives deep on the value of creating a culture of synergy. When done correctly, the sum of the whole can be far greater than its parts. Barry also talks about how exit planning should be viewed like flipping a house - you are aiming to build the best house on the block. By gradually letting go of the wheel and testing the systems you’ve built, you can ensure your company can keep running without you there and thus be more valuable to potential buyers. This information can help not only your business, but also everything about your well-being in life, you don’t want to miss Barry’s expertise.

1-Minute Sections: 

• 3:39-4:38: Drawing analogies to business using the example of someone preparing for a backpacking trip, as well as pilots.
• 7:29-8:23: Discusses common business goals and “what would it take to make that reality happen?”
• 14:03-15:16: “Corporate structure, in a way, stole the heart and sole of humanity...” and Barry also redefines business.
• 18:54-20:15: Synergy, the sum being greater than its parts, and an analogy to basketball.

We've built a special collection of 20 minute interviews from members of Provisors and Vistage speakers. To see the directory and choose an interview visit ExitCoachRadio.com

Are you and your Company Transition-Ready? Click Here for a free report & assessment!

John Brown - 3 Reasons Why It's Harder to Exit Now Than It Was 10 Years Ago (H3117)

In this 20 minute interview, John Brown, Founder and President of Business Enterprise Institute  discusses some of the reasons why business owners put off exit planning, and why exit planning will be harder in the future for many business owners than it was 10 years ago. 

 

 

 

George Hicks - Prepare early to ring the bell (F1618)

 

George Hicks, Chief M&A Officer of TheM&A Brokers shares several tips and stories about how to have a transferable business so that you are able to "ring the bell" and sell successfully.

 

Please share this interview with your Social Media contacts!

 

 

Lisa Walker - Getting Your Business to Run Without You (E0317)

Lisa Walker is an executive and business coach with ActionCoach.

Questions Answered: 

1) What challenges do you typically work on with a business owner on? 

2) What are the keys to getting my business to run without me?

3) What areas of the business are key for systemization? 

Contact Info: 

Website: www.actioncoach.com/lisawalker

Email: lisawalker@actioncoach.com

 

 

 

 

 

Start Your Exit Plan Early with a Vision of Your Future - Chris Kramer

In this 1 minute Highlight,  Chris Kramer, managing Director, Strategic Equity Group discusses a few key tips about how to start your exit planning.

ExitCoachRadio.com - Great Advice from Great Advisors! 
Listen to Daily interviews and tell your Business Owner friends!

 

John Dini - The Missing Factor in Exit Planning (K0717)

A new 15 minute online tool for business owners and their advisors to discuss preparedness for exit.

Questions Answered: 

 

1) Why do we need another exit planning assessment?

2) What happens when an advisor and an owner review the ExitMap reports?

3) Who pays for the reports?

Contact Info: 

Website: www.exitmap.com

Email: jdini@mpninc.com

 

 

Peter Christman - The Master Plan (I0817)

Peter is the Founder of the Master Planning Institute. Today, he is here to discuss why some business owners do, or don't need, a master plan to succeed!

 

Questions Asked: 

 

1) What is a Master Plan? 

2) Why do business owners need a master plan? 

3) Why don't business owners need a master plan? 

 

Contact Info: 

 

Email: peterchristman@christmangroup.com

Website: www.masterplanbook.com

 

Bonus Content: 

 

"The Master Plan" is available on Amazon, eBooks, and Barnes & Noble. 

 

 

 

Want more control of your business growth? Invest 15 minutes and get a FREE "Value Builder Road Map" at www.BizGrowth123.com

Harris Glasser - Focusing on What You Have (E1317)

 

 

 

 

 

 

 

 

 

Harris is the man that teaches us how to squeeze the most juice out of our orange. We all have this idea that we need to do more business to make more money. What Harris has done though, for himself and others, is teaching how to get the best use out of the business, time and money that we are currently working with, now.

Website: www.HarrisHelps.org

 

Check out our new search directory to hear top Advisors and Speakers at www.ExitCoachRadio.com

 

Show host and speaker Bill Black helps business owners develop their 3-5 year Succession & Exit plan. Learn more at www.Ersi.biz.

 

Advisors: If you would like to be interviewed, sign up at www.ExitCoachInterviews.com

 

David McAdams - Maximize Your Social Security Benefits

David McAdams is a well-known financial educator in Memphis. His retirement presentations have been widely attended by retires of FedEx, Northwest Airlines, UPS, and UT Memphis. Mr. McAdams has assisted numerous families with investing several million dollars.

David has published articles in Forbes Magazine, the Germantown Times, and the River News on estate planning and has taught the retirement Investment Strategies Class at several area workshops. 

 

Mr. McAdams is the President of McAdams Tax Advisory Group, LLC an independent advisory group specializing in issues concerning retirees. McAdams Tax Advisory Group has an A accredited rating with the Better Business Bureau, and is a member of the Greater Memphis Chamber.

 

Questions Answered: 

 

1) What are your thoughts on why 75% of retirees are receiving reduced Social Security benefits?

2) How are the Baby Boomers approaching Social Security decisions of how and when to draw differently than their parents?

3) What are some common myths about Social Security?

4) What are some ways to maximize Social Security?

 

Contact Info: 

 

Website: http://www.mcadamstaxadvisory.com/

Email: tclaiborne@mcadamstax.com 

Listeners: You asked, so we found FREE solutions for 5 of your top problem areas. Text “TOOLBELT” to 44222 or click here

Pete Walsh - Family Business Communication Is The Key To Succession Success (D1318)

Pete Walsh, Founder of Family Business Performance Center, shares ideas and strategies for Family Business communications.

 

Help Pete out - Click the LinkedIn button to Share this interview with your contacts!

 

Show host Bill Black is a Certified Exit Planner who helps Business Owners plan for their future  Succession, Exit and Transition. For a free White Paper on Exit Planning text EXITPLAN to 44222.

 

Advisors: If you would like to be interviewed, get info and sign up at www.ExitCoachInterviews.com

 

John Nelson - Are You Ready for a Venture Capitalist? (D1218)

John Nelson of www.CalCapPartners.com discusses what Venture Capitalists look for in a company and the weighting of each characteristic -- it's probably not what you'd expect!

Show host Bill Black is a Certified Exit Planner who helps Business Owners plan for their future  Succession, Exit and Transition. Schedule a complimentary call to discuss your exit planning questions  at www.BBschedule.com, email him at billblack@ersi.biz or visit www.Ersi.biz

John Ayling - Shortage of Financing Capital (C2418)

John Ayling is the CEO of LD Holdings. He is in the business of acquiring small to medium sized businesses owned by Baby Boomers who do not have succession orexit plan strategies. 

Questions Answered: 

 

1) What does the overall landscape look like for Baby Boomer Biz owners over the next 15 years? 

2) Why has financing shriveled up over the last 8 years?

3) How can LD Holdings assist these Baby Boomer Biz Owners with an exit strategy? 

Contact Info: 

Website: www.ldholdings.com

Email: glenn@LDHoldings.com

 

Show host Bill Black is a Certified Exit Planner who helps Business Owners plan for their future  Succession, Exit and Transition. Schedule a call at www.BBschedule.com

or visit www.Ersi.biz

 

Jay Turo - Utilizing Dashboards to Increase Sales (B0618)

Jay Turo is in the business of building business intelligence dashboards and is going to talk about utilizing business intelligence and dashboards to increase sales, profits, and the likelihood of a successful business exit.

Questions Asked: 

 

1) Why do business intelligence dashboards help companies grow faster and more profitably? 

2) What kind of / stage of company is most appropriate for a business intelligence dashboard? 

3) Why are you and your firm uniquely qualified to build and service dashboards?

Contact Info: 

Website: www.growthink.com

Email: jay.turo@growthink.com

 

 

Ken Tucker - Intentional Conversations (B1818)

Here is a synopsis of Ken's soon to be released book, Intentional Conversations: How to Rethink Everyday Conversation and Transform Your Career. This book is the sequel to the book Your Intentional Difference, which Bill Black and I discussed last month on his show, and is another step required for people to become more intentional in their life and career. Becoming intentional in our conversations is an important activity that we begin practicing early on in our lives and it grows in importance the longer we live.

We all have that  “first” conversation.That specific day and time, that moment, that first instance when, as a child, we put together the thoughts, ideas, or information that launch us into a conversation with another person. It is a monumental event that few people, if any, remember at all. When was your first conversation? What was it about? Who was it with? What was the outcome? Sadly, like me, you probably cannot recall that momentous first conversation. It happened, you know it did, and it does not matter whether the conversation showed your brilliance, levity, innocence, simplicity, or hilarity—it is lost and gone forever.

Conversation sets us apart from all other animals. The use of spoken words to exchange ideas, thoughts, and information is a uniquely human ability. What we say in conversation matters. Through conversation people decide whether they like us or not, whether to follow us or not. Through conversation, we define who we are, who we want to become and what our value is to others. Most importantly, it is through conversation that we get work done. 

 

David Fox - Due Diligence Preparation

David Fox is the co-owner of Comperio, a company focused on online learning. Today, he is going to talk about Enterprising Education for Business Owners. 

Questions Asked: 

1) What are some of the issues you’re trying to address? 

2) What form will the courses take, and when will they be available? 

3) Are you going to create these courses yourself or work with other professionals? 

Contact Info: 

Website: comperio.tv

Email: david@davidfox.com

Bonus Material: 

Go to www.comperio.tv and subscribe to receive updates. Authors can email david@comperio.tv or call 415.264.2170 

Listeners: You asked, so we found FREE solutions for 5 of your top problem areas. Text “TOOLBELT” to 44222 or click here

Successful Exit Planning Takes Time and Effort - Louis Tucci (I0417)

In this 20 minute interview, Louis Tucci, Owner, L. TUCCI FINANCIAL LLC explains how he helps take business owners through a successful exit planning program and the key ingredients to an effective plan.

The interview was conducted by Bill Black, The Exit Coach, on The Exit Coach Radio Show - the Information Station for Age 50+ Business Owners contemplating Business Succession and Exit Planning.

 

Want more control of your business growth? Invest 15 minutes and get a FREE "Value Builder Road Map" at www.BizGrowth123.com

 

Terry Shope - Practice Your Steps Before You Get To The Big Dance (K1117)

Terry Shope, Principal - MPL Consulting,Inc.  discusses some of his practical tips for owners to prepare well in advance for the sale of their business.

Transcript: 

Terry: One of the many situation that I step into is that you're dealing with the entrepreneur or owner, who's very creative, many ideas. One day they have this great idea and they work to implement it and the next day they have another idea. In a situation like that, I typically step maybe in as an interim manager, CFO, COO role, sometimes even as president, and we start working together to create a structure for the company, a line, a path both short term and long term. After a few conversations they allude to me, they develop a little bit of trust, that they're looking to exit their business, and of course they don't want their employees to know. After a period of time we set it up, we found opportunities to strengthen the top line, they had very sporadic sales revenues, and so we found ways to stabilize that top line and even grow it, which greatly helped the bottom line, and from that we were able to take some money, they had a profit sharing plan in place, but they weren't able to fund it. So, now, we set up a target sale date, and we start funding that profit sharing because the business was doing much better and we were able to manage a budget and things of that nature. 

 

Want more control of your business growth? Invest 15 minutes and get a FREE "Value Builder Road Map" at www.BizGrowth123.com

T. Phillip Boggess - Start With The End in Mind (K1017)

T. Phillip Boggess of TPB Financial discusses the necessity of thinking of your future when starting a business.

Here's a past highlight from one of our Guests. Find their full interview at www.ExitCoachRadio.com -- just click "Audio Library" in the "LISTEN" section and enter their name to hear all of their past interviews!

Transcript: 

Bill: Where do you start to plan when you have a new business? Here's T. Phillip Boggess. 

T: Almost everyone, when they start a business, wants limited liability, so let's make sure that we create the entity that's gonna have limited liability so we aren't opening the door for any litigators to pierce the corporate veil. At the same time that's happening, we have to plan our exit strategy, because trying to plan for that later is too difficult. So we need to create some sort of buy-sell agreement or some other way for these business owners to know, when it comes time that I want to leave or that I have to leave, that here's how it's going to work. It's going to protect everybody, it's going protect people who are staying in the business, because they're going to get to have the business and run the business as they are without necessarily being in business with their former partner's family, and it's going to protect the former partner's family because if something were to happen to him or her, it makes sure they are going to get what they deserve. 

 

Want more control of your business growth? Invest 15 minutes and get a FREE "Value Builder Road Map" at www.BizGrowth123.com

 

Steve Beatty - Put Away the Cookie Cutter - This is a Custom Planning Job (K0317)

Here's a past highlight from one of our Guests. Find their full interview at www.ExitCoachRadio.com -- just click "Audio Library" in the "LISTEN" section and enter their name to hear all of their past interviews!

Transcript: 

Bill: One things for sure, when you're planning your exit strategy, a cookie cutter approach is just not going to cut it. Listen to this expert advice from planner Steve Beatty. 

Steve: You've got to look at what the owner's particular needs are, what their particular situation is, what their goals, and what their fears are. You've got to take all that into account and come up with customized solutions. A solution that we've used a lot, that I think is underutilized, is an ESOP. The benefits of having a readymade market, the employees of the business, to enjoy the tax benefits that ESOPs can provide, and create a lot of potential wealth for those employees, it's a win-win solution that I think a lot of people don't use because they simply don't understand how it works and what the benefits are. 

 

Want more control of your business growth? Invest 15 minutes and get a FREE "Value Builder Road Map" at www.BizGrowth123.com

 

 

Joe Siecinski - Reclaim 8 Hours in 8 Weeks So You Can Work on Your Business (J3117)

Here's a past highlight from one of our Guests. Find their full interview at www.ExitCoachRadio.com -- just click "Audio Library" in the "LISTEN" section and enter their name to hear all of their past interviews!

Transcript: 

Bill: You know, a lot of business owners would probably start the planning process a lot earlier if someone talked to them with the clarity of this gentleman. Listen to expert planner Joe Siecinski. 

Joe: By far, the biggest challenge that I see, is time. I mean, the foundation for any business, you've got kinda four pillars of your businesses. It's Time, how you use your time, your Destination, where you want your business to get to, you can't get there if you don't know where you're going, Delivery, which is about consistency in the delivery of your product or service, and Knowing Your Money. Before we can do anything, we've really gotta free up some time. So, I have a system called the Small Business Countering System, which is in my book, called Brain Share, and I really try to get 8 hours back in their work week, then we can start working on the business. So, I almost always start with getting some time back in your business, so we can work on the business.

 

Want more control of your business growth? Invest 15 minutes and get a FREE "Value Builder Road Map" at www.BizGrowth123.com

 

Paul Karofsky - Keeping the Legacy Alive (J1117)

Here's a past highlight from one of our Guests. Find their full interview at  

 

Transcription:

Bill: What are some of the biggest challenges facing family businesses in their management transition? We asked Transition Consulting Group’s David and Paul Karofsky for their thoughts regarding this topic.

Paul: As the Baby Boomers are coming of age and getting a little bit older, as the next generation is starting to get a little bit older and come into that leadership position, this transfer of not only monetary wealth, but you’re talking about the businesses, the assets, whatever it might be, there needs to be a plan to transfer that seamlessly. To my Dad’s point, the more planning you do when you talk about it, as to what that transition of ownership looks like, what does that transition of leadership? Those two are not the same, they can be similar at times, but they can be mutually exclusive, as well, but until you really have a plan as to how you transfer that business from one generation to the next, it’s very difficult to do it. 

 

 

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How a Financial Architect Would Build Your Planning House (1m) Heath Goldman (J0317)

Heath Goldman, Financial Architect of ICON Wealth & Legacy Partners, offers brief tips to business owners who are starting to get ready for their exit planning phase.

 

 

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George Hicks - Why Didn't The Sale Happen? (I1417)

Here's a past highlight from one of our Guests. Find their full interview at www.ExitCoachRadio.com -- just click "Audio Library" in the "LISTEN" section and enter their name to hear all of their past interviews!

 

Transcript

George: Right at the top of the list is clean financials. You know, I don’t care if you’ve got a boat in the harbor and that’s part of your compensation package for your closely held firm, but have some receipts for that boat in the harbor so when somebody starts looking at it, and they realize they don’t have that boat in the harbor, but that’s still true income in a recast financial statement. And, I may have mentioned, what happens with this is when you get it packaged, and you get an interested party, that party will come in and one of two things happens: either they get enthusiastic about it and gain confidence, and you go get a deal done, or they lose confidence, you lose their interest, and you’re done. 

 

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How the 7 Step Exit Planning Process Was Developed - John Brown (1Min) (I0117)

In this 1 minute highlight, John Brown, President and Founder of BEI (Business Enterprise Institute), discusses how he developed the now famous 7 Step Exit planning process/

 

 

 

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A Strategy for the Tax Weary Business Seller (1m) Heath Goldman (H3117)

In this 1 minute highlight, Heath Goldman, Financial Architect of ICON Wealth & Legacy Partners, discusses a popular tax minimization strategy that tax-weary business owners explore to minimize the many layers of taxes on wealth.

 

 

 

 

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