Tag: Finish Big

The Process of Building Successful Exit Strategies (Ep. 3)

The Process of Building Successful Exit Strategies (Ep. 3)

Most entrepreneurs spend years of time and money building their businesses. What would happen to those businesses after they leave? 

In this episode, Mark Dorman dives into the process at Legacy Business Advisors. He explains how he started this business inspired by Bo Burlingham’s book, Finish Big: How Great Entrepreneurs Exit Their Companies. Additionally, Mark shares Bo’s comments on how the process at Legacy Business Advisors is the “best in class.”

Mark discusses: 

  • The history of Legacy Business Advisors and the team that makes the exit planning process smooth for clients
  • The five steps in building a successful exit plan with Legacy Business Advisors
  • Why it is critical to evaluate or analyze the present state of your business
  • The ideal time to start exit planning
  • The reason why they maintain communication with their clients after creating an exit plan
  • And more

Resources:

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Building Retirement Income From Exit Planning (Ep. 2)

Building Retirement Income From Exit Planning (Ep. 2)

There are over 20 million business owners in America. Over 10 million of these business owners will retire in the next few years. The Graying of America or The Silver Tsunami will affect our businesses soon. What type of exit planning strategies should the business owners be preparing today?

In this episode, Mark Dorman shares some of the pitfalls business owners must avoid when creating an exit strategy and vital elements to turning their business into a future income stream during retirement.

Mark discusses: 

  • The four stages of the Exit Phase
  • The elements of a “Good Exit”
  • Seven key factors determining the type of exit you’ll have
  • How to ensure your exit doesn’t destroy your business
  • And more

Resources:

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Introducing Mark Dorman And Finish Big – The Podcast (Ep. 1)

Introducing Mark Dorman And Finish Big – The Podcast (Ep. 1)

Entrepreneurs spend a lot of time and money building their businesses to success. But when it comes time to transition out, having a plan in place that allows them to do it successfully, while rewarding the ones that helped them along the way and monetizing their life’s work, can take time and effort.

The goal of Finish Big – The Podcast is to offer guidance as you plan for a successful exit from your business.

In this inaugural episode, Mark Dorman introduces key ideas on exit planning, succession planning and transitioning out of businesses based on personal experiences and the book Finish Big: How Great Entrepreneurs Exit Their Companies on Top by Bo Burlingham.

Mark discusses: 

  • How the book, Finish Big, impacted his career 
  • The essence of exit planning and how it fits within retirement planning
  • The number one recommendation he makes to friends and family regarding finances
  • What success looks like to him personally and professionally
  • And more

Resources:

 

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