Month: May 2023
How to Structure the Exit From Your Business From a Legal Perspective with J. Douglas Drushal, Esq, Critchfield, Critchfield & Johnston (Ep. 13)

How to Structure the Exit From Your Business From a Legal Perspective with J. Douglas Drushal, Esq, Critchfield, Critchfield & Johnston (Ep. 13)

By |

When exiting your business, you want the value that you put in. How can you ensure your exit plan considers the future of that business and your wants either through succession planning or the sale of the company?

In this episode, Mark Dorman is joined by J. Douglas Drushal, partner at Critchfield, Critchfield & Johnston, to share his decades of experience counseling businesses through their exit strategies and what he has learned along the way.

Doug explores: 

  • How a team contributes to the success of an exit plan
  • How business sale transactions are structured when exiting a business
  • The difference between buying a business through assets versus stocks and the fears that come with those sales
  • Options for creating a middle market between the seller’s evaluation and the buyer’s price
  • And more

Resources:

Connect with J. Douglas Drushal:

Connect with Mark Dorman: 

About our Guest: 

Doug Drushal is the most senior Member of the firm, having joined in August of 1979, after a two-year Clerkship with Judge Anthony J. Celebrezze of the U. S. Court of Appeals for the Sixth Circuit. He has perhaps the broadest areas of practice in the firm, providing both business and personal guidance on a wide variety of topics, using his 40 years of experience to the advantage of his clients. Doug enjoys being outdoors, as evidenced by rafting down the Colorado River through the Grand Canyon twenty times and taking snow skiing trips across the West, and an occasional visit to the golf course. He also enjoys traveling internationally, having visited India several times as well as various countries in Africa and Europe. He also manages to find the time to play full-court fast-break basketball several times per week.

Podcast: Play in new window | Download | Embed

Subscribe: RSS
Visualizing Your Financial Possibilities with Adam Holt, CEO of Asset-Map (Ep. 12)

Visualizing Your Financial Possibilities with Adam Holt, CEO of Asset-Map (Ep. 12)

By |

Business owners can be seen as knowing everything about finance because their businesses succeed. But that isn’t often the case. 

In this episode, Mark Dorman speaks with H. Adam Holt, founder and CEO of Asset-Map about simplifying financial explanations and discussions with business owners. Adam shares how helping business owners understand complex financial planning will increase the number of clients taking their first step toward their financial future.

Adam discusses: 

  • Why he started Asset-Map
  • How visual and auditory learners can benefit from alternative financial explanations
  • What the next generation of Asset-Map users will need
  • Examples of Asset-Map utilization for business owners
  • How Asset-Map changes the way you relate with money
  • And more

Resources:

Connect with Adam Holt:

Connect with Mark Dorman: 

About our Guest: 

Adam Holt has always considered himself both a student and a teacher – driven to explore, understand and communicate the complexities in the finance, business, legal and tax environments. He takes great pleasure in breaking down the complex into manageable distinctions for his clients and colleagues. The evolution of Financial Planning as a profession has required not only a specific understanding of the nuances of markets (including commoditized products such as investments and insurance), but also the point in our life journey, environment and business will drive future opportunities and challenges. As such an advisor, Adam has aligned himself with other forward-looking professionals and continually seek those that value a consultative approach premised on communicating thoughtful and intelligent analysis.

Podcast: Play in new window | Download | Embed

Subscribe: RSS
Treating Your Business as an Asset with Chuck Richards, CEO of ValuCompass (Ep. 11)

Treating Your Business as an Asset with Chuck Richards, CEO of ValuCompass (Ep. 11)

By |

80% of businesses fail to transfer successfully due to a lack of planning. How can a small shift in perspective increase your chances of success?

In this episode, Mark Dorman speaks with Chuck Richards, CEO of ValuCompass. He unpacks how their research tool analyzes your business, helps you treat it as an asset and connects your personal objectives and your business plan to achieve greater success in transferring your business.

Chuck explores: 

  • The two main reasons why businesses fail
  • Examples of businesses that might not be transferable 
  • How thinking of the business as an asset increases its success rate 
  • Why your personal goals should be the driving force behind what you do with your business
  • How ValuCompass helps private businesses communicate what makes them valuable and worthy of investment
  • The four key tools to turning a business into an effective asset
  • Case Studies of before and after successes
  • And more

Resources:

Connect with Chuck Richards:

Connect with Mark Dorman: 

About our Guest: 

Chuck Richards’ mission is to help business owners and CEOs build profitable and transferable businesses that in turn create wealth for the owners and their families, build vibrant communities, and help economies thrive. Chuck carries on his mission in Vermont and abroad – his vision and CoreValue Research have touched the lives of business owners across the globe from Canada to Europe to Australia and Africa.

Podcast: Play in new window | Download | Embed

Subscribe: RSS

Archives

Categories