Join STS President, North American Strategies & Managing Director, Andy Harris, and Private Wealth Advisor, Zac Ritchey in Episode 2 of their in-depth podcast on pivotal strategies for entrepreneurs selling their business.
In this episode, the conversation shifts from business-focused strategies to personal wealth planning strategies, ranging from tax strategies to advanced estate and wealth planning techniques. The biggest message unveiled by Andy and Zac is that most of your planning must be done in the pre-LOI stages. They reinforce their message through case studies and real-life scenarios when starting the process early has helped clients achieve Extraordinary Exits and maximize financial outcomes.
Key Takeaways for Business Owners
• Strategic Planning and Timeline: Follow the essential steps and adhere to a realistic timeline to achieve maximum financial and personal rewards.
• Risk Mitigation and Smooth Transition: Avoid the hazards of rushed liquidation to ensure a smooth transition that safeguards your business’s legacy and reputation.
• Wealth Planning for Financial Security: Leverage expert-led wealth planning to bridge the gap from your current financial status to a successful post-sale future, including tailored strategies for long-term financial security.
• Team Building and Decision-Making: Assemble a team of seasoned advisors and delegate the role of a point person to a trusted expert. This collaborative approach ensures more effective decision-making and a more profitable business transition.
Secure the legacy of your business by proactively planning ahead, ensuring sustained success for generations to come.
Click here for the full podcast.
