Most business owners have over 80% of their wealth tied up in their business, yet few are fully prepared to unlock that wealth when it’s time to exit.

In this episode, Jim McGovern dives into the transformative world of exit planning, emphasizing how smart planning today can position an owner to maximize and harvest their business’s value later.

With 75% of business owners aiming to exit in the next decade, understanding the essence of exit planning is critical. It’s not a task to save for the future—it’s a strategic approach you can use now to build, protect, and secure your business’s value on your terms.

Jim discusses:

• Why exit planning and business strategy go hand in hand
  
• The 5 stages of value maturity: Identify, Protect, Build, Harvest and Manage
  
• Guarding against the “Five D’s” that threaten business value: Death, Disability, Divorce, Distress, Disagreement
  
• Building Value and Business Attractiveness through your “4 C’s”
  
• Why aligning personal, financial and business readiness is essential for a smooth exit.
  
• And more!
  

Resources:

• Episode 29: Retaining Key Employees with Non-Qualified Retirement Plans
  
• Episode 21: Employee Stock Ownership Plans
  

Connect with McGovern Wealth Group:

• jmcgovern@mcgovernwealth.com
  
• info@mcgovernwealth.com
  
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