Building Retirement Income From Exit Planning (Ep. 2)

If you’re an entrepreneur, you know what it means to take personal and financial risks, create jobs that support your community, and devote most of your time to your business. But do you know how to plan for a successful exit from your business? Do you know who should be involved in creating your succession or transition plan and the steps to take along the way? Welcome to Finish Big—The Podcast with Mark Dorman from Legacy Business Advisors. The podcast theme is inspired by critically acclaimed business Author Bo Burlingham, author of “Finish Big: How Great Entrepreneurs Exit Their Companies on Top.” In this podcast, you’ll hear success stories of exit plans done right and pick up practical tips based on years of Legacy Business Advisors’ expertise and knowledge about the largest and most important financial transaction of your life.

There are over 20 million business owners in America. Over 10 million of these business owners will retire in the next few years. The Graying of America or The Silver Tsunami will affect our businesses soon. What type of exit planning strategies should the business owners be preparing today?

In this episode, Mark Dorman shares some of the pitfalls business owners must avoid when creating an exit strategy and vital elements to turning their business into a future income stream during retirement.