In episode 147 of the Grow Your Business & Grow Your Business podcast, host Gary Heldt interviews John Greer, a certified exit planning advisor, who shares his experience and expertise in planning for a successful business exit. John discusses his background and how he got into the business of exit planning. He also talks about common mistakes that business owners make and the three-pronged approach to exit planning.
🔑 Key Takeaways:
✅ Common mistakes that business owners make include not starting the exit planning process early enough, not seeking professional help, and not having a sellable business.
✅ The three-pronged approach to exit planning includes financial planning, tax planning, and estate planning.
✅ It is important to get a formal valuation and understand the components that contribute to a successful exit.
✅ John's book, "The Exit Plan," is a great resource for business owners who want to learn more about exit planning.
✅ John invites listeners to reach out to him for a virtual coffee conversation to discuss their exit planning needs.
👍 Overall, this episode provides valuable insights and practical tips for business owners who are planning for a successful exit. John's expertise and experience make him a great resource for anyone who wants to ensure a smooth and profitable exit from their business.
John Greer is a seasoned entrepreneur and business owner specializing in exit and succession planning, assisting other business owners to incorporate these strategies. With a passion for helping owners exit on their terms, he emphasizes eight key drivers to build greater transferrable value. John grew his family business over 10x before selling it to a private equity-backed buyer and founded the Exponential Impact Group to educate and empower business owners nationwide in incorporating exit planning for fulfilling lives beyond entrepreneurship.
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