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Ep #069: The Top 3 Exit Planning Mistakes and How to Avoid Them
Manage episode 407119228 series 3557963
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In this episode, I discuss the top three exit planning mistakes business owners make when trying to leave and retire from the business.
These include:
- Not knowing the true value of the business
- Waiting too late to plan until being forced to sell
- Being too personally attached and involved in the business
I'll discuss each of these in more depth and how to avoid them. Enjoy!
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→ 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
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