Discover how a prenuptial agreement can safeguard your assets and ensure a smooth process in the event of unforeseen circumstances. I discuss why prenups are crucial for business owners, outline the potential risks, and provide a step-by-step timeline for implementing a pre-marital agreement. Resources: Timeline of Getting a Prenup Before Marriage ----- We help business owners: → Understand the complexity of navigating a business transition → Assess their level of preparedness from a financial, tax, and legal perspective → Plan for the next chapter of their life ? Get Your Free Readiness Asses ..read more

Uncover essential asset protection strategies to safeguard your personal and business assets. Learn about choosing the right business entity, banking best practices, insurance, intellectual property protection, succession planning, and Tenancy by the Entirety. Protect your legacy and ensure your business thrives. ----- We help business owners: → Understand the complexity of navigating a business transition → Assess their level of preparedness from a financial, tax, and legal perspective → Plan for the next chapter of their life ? Get Your Free Readiness Assessment!    -----   WA ..read more

Regardless of whether you're in the growth cycle of your business with no plans to leave your business anytime soon, preparing for an eventual transition will be essential. We explore the hard truths about the importance of being proactive rather than reactive in planning for the future, ensuring that your business, team, and family are well-prepared for any unforeseen circumstances life may throw your way. -----   We help business owners: → Understand the complexity of navigating a business transition → Assess their level of preparedness from a financial, tax, and legal perspective → Pla ..read more

In this episode I explain the critical concept of planning with the end in mind, especially tailored for successful business owners contemplating succession, selling their business, or transitioning into retirement. By using a mountain climbing analogy, we explore the dual objectives of reaching the summit (accumulation phase) and safely descending (distribution phase), highlighting the importance of preparing for both stages of your financial journey. Discover the significance of planning ahead with a clear end game in mind, the value of diversification beyond the business, and the valua ..read more

In this episode, we dig into four essential questions every entrepreneur must ask themselves before business succession planning and selling their business. We address common reasons business owners delay exit planning and succession planning ranging from being too overwhelmed in the daily operations or just simply not knowing where to start. Listen in and gain actionable advice on how to navigate the exit planning process.   -----   We help business owners: → Understand the complexity of navigating a business transition → Assess their level of preparedness from a financial, tax, and ..read more

In this inspiring episode, we dive deep into the remarkable journey of Ivan and Mariana who navigated the complex path from burnout to achieving an 8-figure business exit. With firsthand insights into the challenges of working within a family business, building a robust succession plan with their father, and the strategic maneuvers that led to tripling their revenue, this episode is packed with wisdom for any business owner aiming for a successful sale.  Our guests share invaluable lessons learned from their mistakes and offer expert advice on exit planning, ensuring your business is not ..read more

In this episode, I discuss five key financial strategies for entrepreneurs, focusing on building personal and business emergency funds, effective debt repayment, and smart investing both inside and outside of the business. I offer practical advice for managing financial risks, enhancing cash flow, and achieving financial independence. Meant for business owners seeking to improve their financial health and secure their financial future, this episode provides actionable steps for establishing a solid financial foundation, optimizing savings through high-yield accounts, prioritizing debt reductio ..read more

In this episode of the podcast, we dive into critical questions that many retiring business owners face:  "When is the right time to sell my business?" "Will selling my business fund retirement?" "What to consider before you sell your business and retire." This discussion is aimed at entrepreneurs and business owners contemplating retirement, seeking to balance their aspirations for leisure and family time with the complexities of exiting their business. We address the multifaceted process of business transition, highlighting the necessity of early and thorough preparation to navigate fin ..read more

Discover the power of a Donor Advised Fund (DAF) in this episode. We dive into the strategic benefits of using DAFs for impactful donations and significant tax reductions. Learn how business owners and high-earners can leverage DAFs to optimize tax benefits during peak earning years, understand the process of donating appreciated assets like stocks, mutual funds, and ETFs for a double tax advantage, and explore the ease of setting up a DAF with leading providers like Schwab, Fidelity, or Vanguard. Whether you're planning future donations, looking to maximize deductions, or seeking to minimize ..read more

In this podcast episode, I discuss the critical aspects of exit planning, financial planning, and life after business for entrepreneurs and business owners. It outlines a comprehensive approach on how to make a regretless choice when considering a business sale, emphasizing the importance of financial readiness, business valuation, and personal fulfillment post-exit. Learn how to navigate the complexities of transitioning from a business, ensuring both financial security and a fulfilling life after a business sale. We provide Financial Planning for Owners Navigating a Business Transition. Opti ..read more