Selling Your Business with David King

In this episode, I am joined by Jackie Mazur, owner of Guide My Finances.  Jackie began her career in finance in 2003 and recognized a need for unbiased financial advice combined with sound financial education. After working in the industry for a few years, Jackie went back to school to get her Master’s degree in Finance and Tax Planning. Today, she utilizes her fundamental tax knowledge and teaching experience to educate her clients, advises clients in many areas of financial planning and assists them with structuring their financial plan in the most tax-advantageous way. When helping business owners plan for retirement Jackie emphasizes the need for liquidity and diversification, shows how ERISA plans can protect assets from creditors and offer tax deductions, and understand their cash-flow needs in retirement. Ultimately, Jackie helps business owners determine if they can you let their business go to retire or do they need to remain involved.
#sellingyourbusinesswithdavidking

Selling a business is the American dream, the pot of gold at the end of the rainbow, the reward for years of hard work. Successful entrepreneurs make countless sacrifices in hopes that they would someday reap the benefits of their labor and live a new life of vacations, recreation, and prosperity.

You only exit your business once, so you should feel confident passing this milestone. A successful business exit reflects the preparation done beforehand. Failing to plan is planning to fail.

The owner of a privately held company has several alternatives on how to exit their business. In the absence of an exit strategy, events will inexorably dictate the final exit plan. A costly involuntary exit may be caused by death, disability, divorce, disagreement, or distress.

Selling Your Business with David King will help you take control of the sale process and make it positive one.

After determining your priorities for selling your business, you can plan to execute a transaction which achieves your goals.  You should work with your advisors to develop reasonable expectations about how to achieve each of these ends and which ones you are willing to sacrifice. The general rule is that the best time to sell is when your business is thriving and generating cash without being overly dependent upon your services to the company. You will need to implement the optimal sale process at the right time, identify the right buyer and command the right price.  #sellingyourbusinesswithdavidking

Selling a business is the American dream, the pot of gold at the end of the rainbow, the reward for years of hard work. Successful entrepreneurs make countless sacrifices in hopes that they would someday reap the benefits of their labor and live a new life of vacations, recreation, and prosperity.

You only exit your business once, so you should feel confident passing this milestone. A successful business exit reflects the preparation done beforehand. Failing to plan is planning to fail.

The owner of a privately held company has several alternatives on how to exit their business. In the absence of an exit strategy, events will inexorably dictate the final exit plan. A costly involuntary exit may be caused by death, disability, divorce, disagreement, or distress.

Selling Your Business with David King will help you take control of the sale process and make it positive one.

Sellers entering their first business sale (or M&A transaction) should take extra time to educate themselves. Attaining familiarity with the norms of these transactions will mitigate the risk of making a bad deal or damaging a good one. Business professionals should help you sell your business. Education and preparation will allow you to speak up when the need arises and know when to get out of the way and trust your professionals and advisers. Before choosing your exit strategy, advisers should work closely with you to consider your personal circumstances, the condition of your business and the state of the market.
#sellingyourbusinesswithdavidking

Selling a business is the American dream, the pot of gold at the end of the rainbow, the reward for years of hard work. Successful entrepreneurs make countless sacrifices in hopes that they would someday reap the benefits of their labor and live a new life of vacations, recreation, and prosperity.

You only exit your business once, so you should feel confident passing this milestone. A successful business exit reflects the preparation done beforehand. Failing to plan is planning to fail.

The owner of a privately held company has several alternatives on how to exit their business. In the absence of an exit strategy, events will inexorably dictate the final exit plan. A costly involuntary exit may be caused by death, disability, divorce, disagreement, or distress.

Selling Your Business with David King will help you take control of the sale process and make it positive one.

Be safe and keep faith. Keep your business afloat, make necessary adjustments, be aware of new legal issues and take advantage of new government benefits. 
Apply for the Paycheck Protect Program loan with a bank today! Use the loan proceeds for payroll and seek forgiveness of the loan. 
Don't abandon hopes of selling. Certain businesses do well in down cycles of the economy creating an ideal market for sale. Essential businesses should continue to operate and generate revenues. Essential business should compare favorably with other businesses in the market. Some "must sell" businesses can be placed on the market using a modified strategy to sell. Stay safe and be grateful for all the blessings in your life. Things will return to normal.

Selling a business is the American dream, the pot of gold at the end of the rainbow, the reward for years of hard work. Successful entrepreneurs make countless sacrifices in hopes that they would someday reap the benefits of their labor and live a new life of vacations, recreation, and prosperity.

You only exit your business once, so you should feel confident passing this milestone. A successful business exit reflects the preparation done beforehand. Failing to plan is planning to fail.

The owner of a privately held company has several alternatives on how to exit their business. In the absence of an exit strategy, events will inexorably dictate the final exit plan. A costly involuntary exit may be caused by death, disability, divorce, disagreement, or distress.

Selling Your Business with David King will help you take control of the sale process and make it positive one.

Entrepreneurs should learn this valuable lesson: to effectively prepare for the sale of your business you should begin planning on day one. Mistakes at the founding of a business can have expensive consequences when it comes time to exit the business. The longer you wait to plan for your sale, the fewer alternatives you may have for structuring your exit.
#sellingyourbusinesswithdavidking

Selling a business is the American dream, the pot of gold at the end of the rainbow, the reward for years of hard work. Successful entrepreneurs make countless sacrifices in hopes that they would someday reap the benefits of their labor and live a new life of vacations, recreation, and prosperity.

You only exit your business once, so you should feel confident passing this milestone. A successful business exit reflects the preparation done beforehand. Failing to plan is planning to fail.

The owner of a privately held company has several alternatives on how to exit their business. In the absence of an exit strategy, events will inexorably dictate the final exit plan. A costly involuntary exit may be caused by death, disability, divorce, disagreement, or distress.

Selling Your Business with David King will help you take control of the sale process and make it positive one.

This podcast introduces the host, David King. David is an experienced professional who has represented companies and business owners in a broad range of industries and M&A transactions.  He has worked as a CPA, mergers & acquisitions (M&A) attorney, and M&A advisor, helping entrepreneurs to develop their businesses, from formation to their exit strategy. The  podcast introduces listeners to the major objectives to successfully exit from their business. #sellingyourbusinesswithdavidking

Selling a business is the American dream, the pot of gold at the end of the rainbow, the reward for years of hard work. Successful entrepreneurs make countless sacrifices in hopes that they would someday reap the benefits of their labor and live a new life of vacations, recreation, and prosperity.

You only exit your business once, so you should feel confident passing this milestone. A successful business exit reflects the preparation done beforehand. Failing to plan is planning to fail.

The owner of a privately held company has several alternatives on how to exit their business. In the absence of an exit strategy, events will inexorably dictate the final exit plan. A costly involuntary exit may be caused by death, disability, divorce, disagreement, or distress.

Selling Your Business with David King will help you take control of the sale process and make it positive one.