Manage episode 372108793 series 2834060
Today's episode features a slightly different format than what our audience is accustomed to!
In order for a business owner to have their "dream exit," many boxes need to be checked in advance of the date of sale. Fortunately, Homer and his team at Konvergent Wealth Partners works diligently with their business owner clients to prepare their business for its sale and ensure they're maximizing the value of their clients' life work.
Recently, Homer was invited to be a guest on the Middle Market Moment podcast, featuring Craig Dickens, CEO of JD Merit, for a deep dive into this conversation.
There's a lot to unpack here, so let's get right into it!
0:06 - Introduction and overview on the topic of the day
1:16 - Welcoming Homer to the show
1:53 - The personal readiness, the business readiness and the market aligning
4:08 - The business owner's transition out of the business' day-to-day
9:12 - The intangible benefits of being prepared when selling your business
11:54 - How much business owners leave on the table when they aren't adequately prepared
18:15 - The value of doing tax planning up front
22:15 - The commonly used vehicles to help business owners from an estate planning perspective
28:18 - There's a difference between planning and implementing your plan
33:16 - What a business owner can be doing right now to kick off their planning process
36:50 - How to get in touch with Homer and his team
37:54 - Closing remarks
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