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EP 052 - Planning for the Sale of Your Business w/ Randy & Ellen Long
Manage episode 405206586 series 3301418
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Dive into the essentials of a fruitful business exit with insights from Ellen Long and Randy D. Long. They emphasize the significance of initiating exit planning early to ensure a profitable and seamless transition, highlighting the crucial role of a skilled advisory team, including an accountant, lawyer, and business coach. Learn about the strategies that render businesses attractive to buyers, such as the importance of a robust management team and culture, alongside the advantages of proactive tax and estate planning to safeguard your profits.
Furthermore, Ellen and Randy delve into the management of wealth post-sale, stressing the need for strategic planning that aligns with your personal objectives and risk tolerance. They discuss formulating an investment policy designed for your life after the exit, balancing growth opportunities with the wisdom of wealth conservation. This episode offers valuable insights for entrepreneurs aiming for a successful exit and a thriving financial future.
To learn more about Randy and Ellen, go to: longbusinessadvisors.com, and to further explore hiring us or joining our team, go to www.markperlbergcpa.com
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