Did you know that over 70% of business succession efforts fail, and even successful entrepreneurs often regret their decisions a year later?

This week on Smart. Money. Simplified, Brent Mekosh sits down with Geoff Eliason from SDR Ventures to delve into the critical aspects of business succession planning, the importance of having a coordinated team, and how to prepare for a successful exit strategy. 

Geoff’s extensive experience in investment banking and understanding of the entrepreneurial landscape provide invaluable insights into preparing business owners for the most significant financial decisions of their lives.

Episode talking points include: 

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• The importance of a holistic succession plan for business owners
  
• Key reasons behind the regret and dissatisfaction post-business sale
  
• The role of financial advisors in successful business transitions
  
• How to assemble a supportive team for a seamless succession process
  
• And more!
  

Connect with Geoff Eliason:

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• LinkedIn: Geoff Eliason
  
• geliason@sdrventures.com
  
• SDR Ventures
  

Connect with Brent Mekosh:

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• 602-255-0555
  
• LinkedIn: Brent Mekosh
  
• The Wealth Stewards
  

About Our Guest:

Geoff Eliason joined the SDR Ventures team in 2021. In his role as Principal, Geoff brings 16 years of industry experience to the organization and its clients. His primary responsibilities are building and sustaining operational efficiencies across the firm and maximizing the client service model. Geoff is dedicated to providing strategic solutions specific to the complexities of the M&A process. Embracing SDR Ventures’ firm-wide commitment to serving its clients, Geoff channels his years of experience and strategic relationships towards enhancing business valuations and providing thought leadership to the entrepreneurial community. Geoff holds his Series 79, 24, and 63 securities licenses and serves as SDR Capital Markets Chief Compliance Officer. Geoff is passionate about teamwork, given his commitment to both education and athletics.