63. Accelerate Your Business Value with Stephen Cummings

Your business might be doing well, but is it valuable? The majority of modern entrepreneurs often prefer to sell their businesses before retiring and provide themselves and their children a pool of capital to settle with. Stephen Cummings talks about some of the common pitfalls business owners face while trying to get a good valuation and sell their companies, as well as how to navigate exiting a business with a great deal. Stephen is CEO and General Managing Partner of Rizolve Partners, a strategic business consulting practice advising clients on value-creating strategies and establishing profitable and sustainable growth. He helps build value to private companies to ensure easier transferability and planning for and execution of strategic transactions and liquidity events to realize value. Stephen’s career has foundations as a financial expert focussed within the investment industry. He has held leadership positions with top quartile performing private equity and venture capital firms investing institutional capital across the globe. Prior to that, he was the CFO at a global publisher. He trained and qualified as a Chartered Accountant with Deloitte in London, UK. Stephen is a member of the Board of Directors of Ontario Genomics and is Chairman of the audit committee. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:53 Common pitfalls when trying to sell your business 12:19 What happens when you have to exit a business but cannot sell 15:42 The path to preparing for valuing and selling your business 21:38 Learning how to maximize the value of your company early on 32:21 Understanding the market trends while selling your business 41:14 Who Stephen wants to be a hero to EPISODE LINKS: Follow Stephen Cummings: Website: https://rizolve.ca LinkedIn: https://www.linkedin.com/in/stephenlcummings/ Event Registration – Scoring Big With Your Business Question:  https://www.eventbrite.ca/e/the-goal-scoring-big-with-your-business-transition-tickets-153464828433 ️ WEALTH WITHOUT BAY STREET LINKS: Learn how Canadian are Implementing Infinite Banking for Free Here: https://wealthonmainstreet.com/masterclass Podcast Website: https://wealthonmainstreet.com/ Follow us on Facebook: https://wealthonmainstreet.com/fb Subscribe to our Youtube Channel: https://wealthonmainstreet.com/yt Book a 15-minute call: https://wealthonmainstreet.com/15mincall Watch our Tribute To The Man Who Created Infinite Banking R. Nelson Nash here: https://wealthonmainstreet.com/dayofnelson Join Our Community! https://wealthonmainstreet.com/community IBC RECOMMENDED BOOKS https://wealthonmainstreet.com/books ️ WATCH THE DOCUMENTARY Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/ Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/...