Business Readiness vs. Personal Readiness | Exit Planning for Business Owners

Описание: A business owner walks in confident his company is worth $5 million and he's ready to sell. One question stops him cold: does your spouse know?

In this conversation, David Silver, CFP®, CEPA®, CEO at Instrumental Wealth, and Drew Allen, CFP®, CLU®, CEPA, Senior Wealth Advisor, walk through the two readiness assessments every business owner needs before going to market and what happens when you skip them.

Topics covered:
00:00 – Business readiness vs. personal readiness: what's the difference?
01:15 – Why personal readiness is the piece most often overlooked
02:05 – Why both spouses need to be in the room
02:40 – What makes a business attractive to a buyer
04:00 – Customer concentration risk and deal structure
05:10 – Would you buy your own business today?
06:10 – Real client example: a private equity deal that fell apart and what happened next
08:15 – How to know where you stand and what to do next

If you're wondering whether your business is ready, whether you're personally ready, and how attractive your business looks to an outside buyer, start with our free Exit Planning Assessment. It walks you through the key questions business owners need to ask before going to market:

Download the free business readiness assessment:
https://instrumentalwealth.com/free-p...

For more information, visit our website and schedule an appointment to speak with one of our advisors!

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*This video is for informational purposes only and should not be construed as legal or tax advice as Instrumental Wealth does not offer these services. Any views or opinions expressed herein are attributable solely to the author and subject to change at any time. There is no guarantee the views will come to pass.

Instrumental Wealth is an SEC registered investment adviser. Registration does not imply a certain level of skill or training. Advisory services are only offered to clients or prospective clients where Instrumental Wealth and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Instrumental wealth unless a client service agreement is in place.

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