Business Exit Success

What if working longer is costing you more than you realize? In this video, I reveal 6 compelling reasons to retire sooner rather than later, including the impact on your health, the value of your time, and the relationships that truly matter. Watch the YouTube Version The Value of Time: Why time is our most precious resource and why delaying retirement could cost you. Health Benefits: How retiring can significantly reduce stress and improve your quality of life. Limited Best Years: Understanding the difference between lifespan and health span, and why your healthiest years might be right now.  Strengthening Relationships: How retirement allows you to invest in meaningful connections with family and friends. Breaking Free from Work Identity: Avoiding the trap of defining yourself solely through your career. Your Financial Readiness: Why you may be in a stronger financial position than you think to retire comfortably. If you're considering retirement, this video will help you weigh the benefits and understand the true cost of continuing to work when you're already ready to step back. Resources: Expenses In Retirement Chart Time Spent With Children Chart ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment!  ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.    

Listen in as I break down the critical details of 401k loans—the pros, cons, and major risks you need to be aware of before borrowing from your retirement savings. We discuss how a 401k loan works, the ease of accessing funds, and the potential advantages like no credit checks and quick approval. However, we also explore the often-overlooked dangers, including missed investment growth, double taxation, and the significant risk of repayment penalties if you change jobs or can't pay back the loan in time. Whether you're in a financial emergency or considering a major purchase, this video offers essential insights to help you make an informed decision. Learn about alternative borrowing options like home equity loans, personal loans, and even 0% APR credit cards. ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment!  ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.    

Here are my top 10 actionable recommendations to help you get your retirement savings on track, even if starting from zero in your 40s or beyond. Whether you’re 40, 45, or even 50 with no savings, these strategies will guide you through the steps needed to build a solid financial foundation. We’ll cover everything from how to save money effectively, budgeting tips, and smart investing strategies to growing your income, improving your mindset, and preparing for unexpected events. Watch the YouTube Video: 40 Years Old and Nothing Saved For Retirement - Top 10 Recommendations   RESOURCES: Books The Psychology of Money  Think And Grow Rich  The Path ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment!  ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.    

In this episode, we dive into the critical topic of borrowing from your 401k and why it could be a major setback for your financial future. Many business owners see 401k loans as a quick and convenient way to access cash, especially in tough times or for significant purchases. However, the hidden costs, double taxation, and missed investment opportunities make borrowing from your retirement savings a risky move. We’ll explore the common pitfalls of 401k loans, the true cost of paying yourself back with interest, and why this strategy often backfires. Learn how these loans can jeopardize your long-term financial security and what you should consider before making the leap. ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment!  ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.    

In this episode, we dive into strategies to help business owners maximize their 401k to build wealth and reduce the need to rely solely on selling their business for retirement. Learn actionable tips on how to optimize your 401k, including when to start investing, how much to contribute, the best ways to invest your funds, and what to do with your 401k when changing jobs. We also discuss common mistakes to avoid, such as paying high fees, taking loans against your 401k, and not increasing contributions over time. Tune in to take control of your retirement savings, minimize risk, and ensure a successful transition into retirement. ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment!  ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.    

Investing during market highs can be intimidating, but it’s also a great opportunity if you have the right strategies. I’ll guide you step-by-step on how to take advantage of soaring markets while keeping your investment goals on track. Resources: New Highs Happen In Clusters Chart Investing Before Market Crash Returns Chart ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment!  ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.    

In this episode of Business Exit Success, we dive into the concept of redefining retirement for high-achieving entrepreneurs who have successfully exited their businesses. Rather than settling into a traditional retirement, we explore how to channel the same drive and energy that fueled your business success into new, fulfilling ventures. Whether it’s through mentorship, volunteering, or lifelong learning, this episode will inspire you to think beyond the exit and embrace the next chapter of your life with purpose and passion. Resources: Ivan and Mariana Polic Interview - Episode 80 Marcia Barnes Interview - Episode 65 Matt Sharrers Interview - Episode 95 ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment!  ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.    

In this episode, I address the crucial question many business owners face: "Should I Retire Now?" I walk you through five critical questions to help determine if it's the right time to step away from your business. From assessing your financial readiness and calculating retirement needs to understanding the tax implications and managing post-sale investments, this episode offers a comprehensive roadmap for business owners considering retirement.  ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment!  ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.    

In this episode, I share six key strategies to help you thrive when the market crashes. Drawing from my experience guiding clients through market downturns, I explain how to navigate financial turbulence and make the most of down markets. Whether you’re a business owner or an individual investor, this episode provides valuable insights on shifting your perspective, aligning investments with your timeframe, leveraging tax loss harvesting, considering Roth conversions, rebalancing your portfolio, and sticking to your plan. Tune in to learn how to protect and grow your wealth even during market volatility. ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment!  ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.    

In this episode, I discuss the critical number every business owner gets wrong when selling their business: the net amount that goes into their pocket after the sale. I explain the various deductions that can significantly reduce the final proceeds from the sale price, including broker fees, outstanding debts, and taxes. Using a real-life example, I illustrate how a business sale price of $5.2 million can dwindle to just over $3 million after all deductions. Tune in to learn how to accurately calculate your net proceeds and ensure you're financially prepared for life after your business sale. ----- We help business owners: → Assess their level of readiness to exit from a financial, tax, and legal perspective → Craft a wealth plan to exit comfortably and with confidence → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment!  ----- WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide.