ExitReadiness®️ PODCAST

Not a few times have we’ve mentioned on this podcast how a very high percentage of business owners are miserable within two years of leaving their business… And you might think it would be largely due to how much money they received from the deal…but that isn’t it is it…at least most of the time… It’s a key piece of exit planning that can easily get short-changed or even neglected completely. But...

It’s been one year since the Covid Crisis struck and for many, if not most, small business owners, it has felt more like five years in many ways. The nature of the crisis was unprecedented really with unique challenges having to do with working from home virtually and the related security and human resource issues, in addition to reductions in revenue and profitability. It’s been a tough stretch,...

Conversations that move you closer to a regret-proof exit. Subscribe To The Channel By Clicking  HERE ! Learn more about working with Pat and Walter at ennislp.com  Connect with Pat: linkedin.com/in/pat-ennis-25b4a111/ Connect with Walter: linkedin.com/in/walter-deyhle-cpa-abv-cff-maff-cexp-cepa-57386614/ #PatEnnis #WalterDeyhle #ExitReadiness DISCLAIMER: The information in this presentation is pr...

Much of what we do in serving business owners, is helping them avoid costly or even destructive mistakes. Mistakes in how they build the business as well as how they exit… For example, one area often neglected until it’s too late is the work you do in tax planning. It is very easy for a business owner to make very expensive tax planning mistakes… Not just when they are actually realizing a transac...

We know that building a sellable or transferable business not only helps an owner enjoy more freedom and control in the business today but it is also foundational for an owner to eventually realize a successful exit from the business and, it doesn’t matter if the sell to a third party, sell to key employees, an ESOP or transfer the business to family and of course to have a business that is sellab...

Our topic today is Growing Up Through Value Acceleration and we are excited to have with us Scott Snider of The Exit Planning Institute. Scott is responsible for the strategic direction of the organization along with overseeing the company’s operations and chapter development. Since joining EPI, Scott has expanded the organization regionally, nationally, and globally, providing a transformational...

Today we have with us our first “three-peat” guest Elizabeth Mower from The Business Enterprise Institute Elizabeth is the President of BEI and leads the organization in development of resources, information, training and software that enable professionals in a variety of disciplines…like accounting, legal, wealth management, business consultants, etc... to work with business owners to design and...

One of our themes here on the podcast is providing ideas and information that can help a business owner protect the value of their business as well as build the value. One of the key areas for protecting value is your core business tax planning, and a key driver of tax planning for a small business owner is how their business is structured or the entity they choose should they be an LLC, S-Corp, o...

A buy-sell agreement provides direction to owners and other stakeholders in situations when the transition of an ownership interest in a business is in question -- situations such as…  Death or permanent disability  Voluntary lifetime exit  Involuntary lifetime exit  Divorce or bankruptcy Following is an example of how it’s supposed to work… Let’s say that ACME Digital Marketing is owned by 4...

Today we want to discuss something very unfortunate that we see and hear about all too often tragic events that could be easily avoided with the right advanced planning. Because of the work we do in helping owners prepare for their eventual exit. We are often privy to stories of businesses that die when the owner unexpectedly dies or becomes permanently incapacitated. And so this is a planning are...

In building a sellable business, you need to “protect the value of your business” and continually manage areas like the one we’re going to talk about today, cyber security. We’ve discussed the topic here before, and will continue to in the future because it’s so important, and October happens to be Cyber Awareness Month which is another good reason to talk about it today. Listen to these statistic...

We’ve both seen situations where a business owner has done all they can in executing strategic and operational plans to grow their business organically, only to experience continued stagnation in both sales and profit And, they may have a financial exit goal that is going to require a much larger valuation and sale price. So, they begin to wonder if growing thru acquisition could make sense Some o...

This week, Joe Ennis talks to Walter and Corby about how to build value through podcasts and content creation Learn more about Podcasts By Joe: https://www.podcastsbyjoe.com/ Conversations that move you closer to a regret-proof exit. Subscribe To The Channel By Clicking  HERE ! Learn more about working with Pat and Walter at ennislp.com  Connect with Pat: linkedin.com/in/pat-ennis-25b4a111/ Connec...

In planning for a successful exit it’s important that you focus, not just on building sellable business value but also on protecting business value. And a key planning area in protecting business value would be human capital…and nothing more important in the area of human capital than protecting the business against loss of a key employee. A key employee defined by the following characteristics ma...

As a small business owner you experience countless transactions with customers, vendors, suppliers, etc that require negotiation skills. A successful business owner is often characterized by skilled negotiation. There is one negotiation where we always recommend you engage professional assistance the sale of your business. There is just too much at stake all that you’ve built, and all of your pers...

As a small business owner you’ve experienced unprecedented challenges over the last number of months, none of which have been more challenging than making decisions pertaining to your employees. And, now that things are beginning to open up again, you’re still faced with questions pertaining to things like:  Can I as an employer require my employees to return?  What factors should be considered…...

It is our standard practice to have a guest with us to discuss a particular area of expertise needed for either building transferable business value or planning for a business exit…and per usual…we have a guest with us this morning. However, this guest has proposed a change in format for today’s episode. A “turning of the tables” as he put it. Our guest is my long-time friend Andrew Mahr. A number...

What comes to mind as a “hurdle” that an owner has to overcome in planning for a successful exit? - Transition from being a busy business owner with much significance and impact to life after the business - The Transaction - Any fears they might have in leaving In today’s episode we are going to discuss some of the key hurdles an owner will face in planning for their successful exit. Today’s topic...

Business owners are busy people… - Successful business owners are very productive and so they’ve got a lot going on in their business and personal lives - And as we both know planning for their eventual exit can continually be put on the back burner even if they know they need to do it - A comprehensive plan for exit can be overwhelming… - And so… it can be tough to maintain momentum in the planni...

In growing your business and building value, if you’re like most small business owners, you have had questions about when and to bring on debt. Bank lending for growing as well as exiting your business is always a consideration and very often a requirement. We currently have a client who is considering a sale to a Co- Owner and children and bank lending will be part of the plan. You may be in proc...

Our clients and other business owners have had a rough couple of months facing challenges due to the crisis…leadership, management and personal challenges they’ve never faced before, and it’s not over yet and for many it could even more challenging as we come out of the crisis. And that’s our topic today. Leaning and Leading Into The Future After a Crisis. Our guest today is back with us by popula...

Conversations that move you closer to a regret-proof exit. Subscribe To The Channel By Clicking  HERE ! Learn more about working with Pat and Walter at ennislp.com  Connect with Pat: linkedin.com/in/pat-ennis-25b4a111/ Connect with Walter: linkedin.com/in/walter-deyhle-cpa-abv-cff-maff-cexp-cepa-57386614/ #PatEnnis #WalterDeyhle #ExitReadiness DISCLAIMER: The information in this presentation is pr...

A key value driver is how strong your systems, procedures and processes are…and there isn’t a system or process that’s more critical than those around managing human resources… We want to discuss the importance of HR tech systems in building and preserving the value of a business. Our guest today is Jeremy Francese, CPA Centric District Manager for ADP TotalSource. Conversations that move you clos...

Todays’ topic is “ESOPs as an Exit Route”. You know, ESOPs, or Employee Stock Ownership Plans, also have a certain kind of “mystery” around them don’t they? - What are they really? - How do they work? - What businesses are a good fit for an ESOP? - Are they too hard to understand and implement? Today we’re going to get all those questions and more answered as we have with us Keith Apton of The Cap...

Conversations that move you closer to a regret-proof exit. Subscribe To The Channel By Clicking  HERE ! Learn more about working with Pat and Walter at ennislp.com  Connect with Pat: linkedin.com/in/pat-ennis-25b4a111/ Connect with Walter: linkedin.com/in/walter-deyhle-cpa-abv-cff-maff-cexp-cepa-57386614/ #PatEnnis #WalterDeyhle #ExitReadiness DISCLAIMER: The information in this presentation is pr...