Finish Strong Podcast

Welcome back to Finish Strong, the podcast hosted by Dennis Mattern, specifically designed for passionate business owners who are determined to make a lasting impact through a well-executed exit strategy. In Episode Two, Dennis takes you on a journey into the pivotal conversation that every business owner must engage in: the discussion about their business exit. This episode features a dynamic conversation between Dennis and industry experts Scott and Kelly. As a business owner contributing to America's success story, this podcast is your compass for navigating the intricate world of business exits. With a staggering 80-90% of a business owner's financial net worth tied up in their enterprise, the urgency of devising a robust exit plan cannot be overstated. With only 20-30% of businesses that venture into the market successfully completing a sale, the importance of a comprehensive strategy is underscored, and Finish Strong is your invaluable guide in this process. The experts delve into the five critical D's—death, divorce, disagreement, disability, and distress—that drive business exits. They emphasize the significance of early planning and its impact on the outcome. The podcast zeroes in on the often-neglected market segment of businesses with revenues ranging from 3 to 150 million, providing practical insights applicable regardless of your company's size. Scott and Kelly lend their expertise and illuminate the necessity of conversations surrounding the post-exit phase. They unpack the emotional attachment many business owners have to their ventures and highlight the pivotal question: "What comes next?" This episode sets the stage for vital discussions on valuation, taxes, and transition timelines. Don't miss out on tuning in to this enlightening episode of Finish Strong hosted by Dennis Mattern. Whether you're contemplating an exit in the near future or the distant horizon, this podcast arms you with the necessary tools and insights to confidently navigate the critical exit phase of your entrepreneurial journey. Share, like, and subscribe to empower fellow business owners in preparing for a triumphant and strategic exit.

Welcome to the Finish Strong Podcast, where we dive deep into the world of selling your business on your own terms. Are you a small business owner in the United States? Chances are, a significant portion of your net worth is tied up in your business. That's why it's crucial to think about your exit strategy well in advance. In this podcast, we tackle the often-overlooked aspects of selling a business, providing insights, expert advice, and actionable steps to ensure you finish strong. Hosted by Dennis Mattern, this podcast brings together seasoned experts to discuss the ins and outs of successful business exits. Scott Bushkie, the managing partner and founder of Cornerstone Business Services, an investment bank, joins in. He's also the author of the book "Finish Strong," which serves as a comprehensive guide to the complex process of selling a business. Kelly Carter, CEO of Beacon Retirement Planning Group, adds his insights to the conversation. With a focus on the financial aspect of selling a business, Kelly emphasizes the importance of aligning your financial goals with your exit strategy. Throughout the podcast, you'll learn about the challenges that business owners face when trying to sell their companies, including the shockingly low success rate of businesses that actually complete a sale (20% to 30%). You'll gain insight into the mistakes business owners commonly make when trying to sell on their own and why building a team of experts is crucial to success. The podcast's episodes cover a range of topics, including: - The inevitability of exiting your business and why planning for it is essential. - Identifying what truly matters to you as a business owner before you make the decision to sell. - Navigating the complexities of transitioning your business to family members or other buyers. - Understanding the right timing for selling and when it might not be the right choice. - Strategies to prevent seller's remorse and ensure you're satisfied with your decision. - Differentiating between various types of buyers and their impact on your sale. - Enhancing the value of your business before you sell to maximize your return. The Finish Strong Podcast provides valuable insights, actionable advice, and real-world stories that resonate with business owners at various stages of their journey. If you're a business owner looking to secure your financial future and make a successful exit, this podcast is your go-to resource. Whether you're considering selling in a few years or a decade, the discussions in this podcast will guide you on your path to finishing strong and achieving your goals. Don't miss out on this essential knowledge for business owners. Subscribe now and join the conversation.