Join Tom Poltersdorf, CFP and Founder of Beyond Your Exit Wealth Management, to learn how to strategically prepare to exit your business on your own terms.
If you are a small business owner looking to exit your business in the next 3-5 years, this podcast is designed to help you understand the logistical details and necessary preparation steps to plan well for your exit.
Tune in bi-weekly for new episodes to gain the knowledge and actionable steps to help you map out your successful business exit strategy!
You can also assess how ready you are to exit your business with this Owner Readiness Assessment at https://beyondyourexitwm.com/owner-readiness. You'll get a Personal Readiness to Exit score based on your answers to know where you stand right now. It's free and 100% confidential.
Ep #013: How to Save and Invest Outside of Your Business
If you rely on the value of your business to pay for your retirement, you may end up with a lot less money for your golden years than you initially thought. This could come down to your business not being as valuable as you thought, poor bookkeeping or many other things. This is why it is important to find the right balance between your company assets and diversified investments outside of your business. How do you go about growing your wealth outside of your business? In this episode, Tom will share the basics of saving and investing so you can rely on having stability in your financial future.
You can find show notes and more at: https://bit.ly/3BNbhgp
Ep #012: One Thing Every Business Owner Should Know
When looking at your finances, where are you currently sitting and where do you need to be in the future to accomplish your goals? Many business owners have so many things going on in their lives that they don’t get a chance to properly plan for themselves or their families. Calculating your personal wealth gap is a way to identify how you’re doing with your personal planning. So, how do we actually calculate this? In this episode, Tom will explain everything you need to know about your personal wealth gap so that you can reach the retirement and business exit success that you’ve been preparing for.
You can find show notes and more at: https://bit.ly/3QapHuI
Ep #011: The Top 4 Concentration Risks and How To Fix Them
Without significant diversification in your portfolio, your employees, your suppliers, or clients, you set yourself up for concentration risk. Now, this can happen intentionally or unintentionally. Maybe you rely too heavily on your top performer’s sales achievements, perhaps you have built your company to be dependent on you as the owner. Through this concentration and dependency, you decrease the value of your company and increase the risk of something going wrong if that person or thing you depend on can no longer provide for your business. In this episode, Tom will be breaking down the top four types of concentration risks that he sees and will explain how you can reduce your risk moving forward.
You can find show notes and more at: https://bit.ly/3A93mb9
Ep #010: The Art of Delegating
How would you rate your ability to delegate? A business owner who masters delegation is essential to ensure everyone can take action whilst understanding exactly what it is they need to be doing. Through developing the skill of delegation, you will be less tied down to your business, you will have more freedom and your team will be a lot more clear on their responsibilities. In this episode, Tom will be sharing four tactical ways you can get better at delegating to your team so that your business runs smoother and more efficiently.
You can find show notes and more at: https://bit.ly/3BI7gKk
Ep #009: The Top 3 Exit Planning Mistakes and How to Avoid Them
When it comes to getting ready to transition away from your business, it’s important that your exit strategy is well thought out. However, many business owners delay exit planning to manage their busy schedules running the business. Unfortunately, this leads to issues when they do eventually exit their business. So, in this episode, Tom will be sharing the top 3 common exit planning mistakes that he sees and how you can sidestep them as you begin to plan your exit strategy.
You can find show notes and more at: https://bit.ly/3v6oSM0
Ep #008: Building Your Business Exit Team
When it comes to implementing a business exit strategy, one of the most important things to do is to assemble a team to help you through the process. Some team members you will be working with before, during and after the process—and then some team members will come in strategically for one assignment only. So, who should you have on your team? And how do you decide who should fill these roles? These are just a couple of the questions that Tom will answer in this episode.
You can find show notes and more at: https://bit.ly/3bWI4VN