July 4, 2023

Predictably Planning Your Eight-Figure Exit

I recently had the honor of being a speaker at the Exit Planning Institute’s (EPI) annual summit. Throughout the event, I got to speak to hundreds of financial advisors. Let me tell you, I love opportunities like this where I can meet face-to-face and have engaging conversations with my readers. But one thing struck me during the summit. It seemed that everyone I spoke to was asking the same question… “Justin, how can I plan my exit with certainty?” This just goes to show that there is a very real need for guidance on this subject in the RIA space. That’s why I’m dedicating this entry to predictably planning your eight-figure exit.
April 25, 2023

What You and Your Spouse Should Expect After Selling Your Business: Some Surprising Realizations

After selling my companies in the spring of 2022, Emilly and I have encountered many changes. As a business owner, selling your business is one of the biggest moments of your life. But it’s also a significant change for your spouse. If you’ve never gone through the process, you might think that closing the deal means that you’ve made it. You’re free to spend the rest of your days lounging on a beach with an umbrella drink in hand. That might be the case for a select few, but the reality is that, together, you will reach some surprising realizations. So, with today’s entry, I’m going to discuss what you and your spouse should expect after selling your business.
January 31, 2023

Succession Planning vs. Exit Planning: The Difference is Critical

I often hear business owners referring to succession planning and exit planning as though they’re interchangeable terms. While similar, the differences between a sale, a succession, and an exit are significant. Each one has a different end goal in mind. Understanding the differences and how they work together is critical. That’s why today’s entry is all about succession planning vs. exit planning and how to use each.
May 24, 2022

My Business: The Big Announcement

Today’s entry is going to be a little different. This may be one of the most emotional pieces I’ve ever written. You see, since 2016, I’ve worked in and through the Financially Simple name to share all that I’ve learned with fellow business owners. If you’ve followed me for a while, you know that I am an avid learner. I love to read and apply all of my newfound knowledge to my business. I, then, pass that same knowledge on to you in the hopes that it can be of help to you and your business. This has been a journey and, at times, I wasn’t sure I was going to make it. But now, I’ve got an announcement to make.
April 19, 2022

The Business Sale: Roadblocks to Closing

Selling your business involves many moving parts. You’ve got the buyer, business partners, employees, vendors and suppliers, bankers, attorneys, and your own emotions to contend with. With so many people involved in the sale of your business, it’s easy to understand why it doesn’t always go as smoothly as you’d like it to. Today, I’d like to take a look at some of the many roadblocks to closing the deal. When it comes to selling your business, there are many things beyond your control. Let’s take a look at the business sale and the roadblocks that could prevent you from closing.
April 5, 2022

Selling a Business: Through the Eyes – The Assets

Over the past year, I’ve spoken with many business owners who are in the process of selling their companies. Some have been better prepared than others. One thing I’ve noticed about those business owners is that they were truly prepared for the scrutiny that comes with the business sale process. Therefore, as we continue looking at your business through the eyes of a buyer, we’re going to shift our attention to assets, technology, and risk management. How do these areas influence the way a buyer views your company? When selling a business, what can you do to improve these areas in a way that makes them more attractive to buyers and investors? 
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