Ep #101: The Critical Number Everyone Gets Wrong When Selling Their Business
Manage episode 432966732 series 3557963
In this episode, I discuss the critical number every business owner gets wrong when selling their business: the net amount that goes into their pocket after the sale. I explain the various deductions that can significantly reduce the final proceeds from the sale price, including broker fees, outstanding debts, and taxes. Using a real-life example, I illustrate how a business sale price of $5.2 million can dwindle to just over $3 million after all deductions. Tune in to learn how to accurately calculate your net proceeds and ensure you're financially prepared for life after your business sale.
-----
We help business owners:
→ Assess their level of readiness to exit from a financial, tax, and legal perspective
→ Craft a wealth plan to exit comfortably and with confidence
→ Plan for the next chapter of their life
👉 Get Your Free Readiness Assessment!
-----
WANT MORE BUSINESS PLANNING TIPS?
Subscribe to the Newsletter!
As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession."
110 episod