21 episodes

Having "no time for my exit strategy" is no longer an excuse. This series is made for time-poor business owners at any stage of their journey. These steps have been fine-tuned over 14 years and helped over 800 business owners extract value at exit.

Whether you've been in the infinite game of business for decades, or you're a start-up seeking capital, now is the time to start.

Every business owner needs to know - with absolute certainty - how to make what you're building into a saleable asset that others will be begging to take over. This short program covers exactly how to extract value at exit to fund your next venture or early retirement.

Just under 10 minutes each day, at your own pace.

Listen on your commute or over a coffee as we cover the foundations you'll need to consider, from systemization, to key person insurance and even what to consider to avoid being stung unfairly by Capital Gains Tax.

Exit Like a Boss Craig West

    • Business
    • 4.7 • 3 Ratings

Having "no time for my exit strategy" is no longer an excuse. This series is made for time-poor business owners at any stage of their journey. These steps have been fine-tuned over 14 years and helped over 800 business owners extract value at exit.

Whether you've been in the infinite game of business for decades, or you're a start-up seeking capital, now is the time to start.

Every business owner needs to know - with absolute certainty - how to make what you're building into a saleable asset that others will be begging to take over. This short program covers exactly how to extract value at exit to fund your next venture or early retirement.

Just under 10 minutes each day, at your own pace.

Listen on your commute or over a coffee as we cover the foundations you'll need to consider, from systemization, to key person insurance and even what to consider to avoid being stung unfairly by Capital Gains Tax.

    Step 21 Estate Planning

    Step 21 Estate Planning

    In this final episode of Exit Like a Boss, we tackle a topic many business owners might prefer to avoid: estate planning. It's a conversation acknowledging life's certainty - we will all pass away eventually. However uncomfortable it may seem, it's an essential aspect of post-exit planning.
     
    Having successfully exited your business, it's time to ensure a seamless transition of your wealth and assets to your loved ones or beneficiaries. Estate planning isn't just about wills; it encompasses powers of attorney and enduring power of attorneys, addressing situations where you might become incapacitated.
     
    By documenting your wishes, protecting your assets, and setting a clear path for your legacy, you can rest assured that your financial affairs are in order. This isn't a task to be postponed; it's a responsibility to secure your family's future.
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    • 5 min
    Step 20 Asset Protection

    Step 20 Asset Protection

    In this Exit Like a Boss episode, we explore the critical topic of asset protection post-exit. You've successfully exited and received your well-earned payout, but the journey isn't over. Now, you face the challenge of safeguarding your assets for the long haul.
     
    Whether you've kept property, investments, or other valuable holdings, it's imperative to have a comprehensive asset protection strategy in place. Blended families, complex ownership structures, and unforeseen risks demand careful planning.
     
    Learn about the role of family trusts, legal agreements, and insurance in securing your wealth. This isn't a DIY endeavor; seek expert advice to ensure your assets remain intact so you can enjoy the fruits of your labor long into the future.
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    • 4 min
    Step 19 Investment Planning

    Step 19 Investment Planning

    In this episode, we look into what happens after a successful business exit. You've sold your business, secured a substantial sum, and retired, but new challenges await. With longer life expectancies and retirees often spending more, preserving your wealth is paramount.
     
    Start by defining your financial goals and working closely with experts to develop a tailored investment plan. This isn't a DIY endeavor; professional guidance is essential. While we won't provide specific investment advice, we stress the importance of careful planning and wealth protection.
     
    Ensure your post-exit journey matches your Exit.
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    • 5 min
    Step 18 Liquidity Event

    Step 18 Liquidity Event

    In this Exit Like a Boss episode, we finally arrive at the moment every entrepreneur dreams of - the liquidity event, the actual Exit. But don't let the excitement overshadow the wisdom that comes from the preceding 17 steps of meticulous preparation.
     
    We emphasize a crucial lesson: rushing into a sale without proper groundwork can lead to failed transactions. To truly exit like a boss, one must capitalize on the foundation laid through meticulous planning. This episode unveils the secret to unlocking the highest possible value for your business: finding a strategic buyer.
     
    While the entire process of attracting and negotiating with strategic buyers is a topic for another day, this episode serves as your compass, pointing you toward the path of exiting successfully.
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    • 9 min
    Step 17 Documentation

    Step 17 Documentation

    This topic might not sound thrilling, but it's absolutely vital – documentation. At the heart of this stage lies your Information Memorandum (IM), essentially your business's sales brochure. Crafting an impeccable IM can differentiate between selling your business or scaring potential buyers away.
     
    In this episode, we underscore the importance of seeking professional help in creating this document, ensuring you present your business in the best possible light. However, the documentation process continues beyond there. Like a comprehensive audit of your business, due diligence is equally crucial. It thoroughly examines every aspect of your business, from financial records and tax returns to contracts, customer data, and more.
     
    Discover why due diligence is vital and how it helps you build trust with potential buyers. 
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    • 8 min
    Step 16 Tax Planning

    Step 16 Tax Planning

    In this episode, we tackle taxes, a seemingly dull but incredibly vital aspect of any exit strategy.
     
    Exiting a business often triggers tax implications, and navigating this complex landscape requires careful planning. Whether you're selling your business, considering different asset structures, or retaining certain assets for retirement, tax planning should never be left to the last minute.
     
    Discover how to assess your business's valuation, understand potential tax liabilities, and explore available tax concessions or incentives. Don't wait until the ink is dry on the contract; start your tax planning journey now to ensure a tax-efficient exit.
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    • 7 min

Customer Reviews

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