Summary:
Why wait for the big payday when selling your business?
In this episode, Adam and Steve Burton dive into why harvesting value from your business before exiting is crucial. With engaging insights, they explore strategies for diversifying your assets and ensuring you aren't putting all your eggs in one basket. They emphasize understanding your business's value, planning strategically, and taking proactive steps to protect and grow your net worth.
Adam and Steve discuss:
(01:33) The importance of not tying up all your net worth in your business
(06:24) How to take initiative and be strategic in asset diversification
(08:12) The roles of tax planners and financial advisors in protecting wealth
(12:30) Ways to de-risk both business and personal finances
(14:54) Preparing for unexpected changes and ensuring liquidity
(16:21) Seeking partial sales or equity release as a means to reduce risk
(20:43) Options for internal sales and financing when passing the business on to family
And more
Tune in and discover how strategically harvesting value now can create a solid foundation for the future.
Resources:
Unlock your business’s potential with our free Scale to Sell self-assessment
Mission One Million by Merle Gilley and Steve Burton
Connect with Our Team:
Connect with Adam Burton and Steve Burton:
