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Exiting Your Business, Protecting Your Wealth: A Strategic Guide for Owners and Their Advisors
Written by John Leonetti—attorney, wealth manager, merger and acquisition associate, and fellow exiting business owner in his own right—Exiting Your Business, Protecting Your Wealth will guide you in thoughtfully planning out your exit options as well as helping you analyze your financial and mental readiness for your business exit. Easy to follow and essential for every business owner, this guide reveals how to establish an exit strategy plan that is in harmony with your goals.
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(out of 4 reviews)
List Price: $ 49.95
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#2 written by Joan M. Ridey 1 year ago
Review by Joan M. Ridey for Exiting Your Business, Protecting Your Wealth: A Strategic Guide for Owners and Their Advisors
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I am Certified Exit Planning Advisor and a colleague of John’s who also helps business owners grow and harvest their entrepreneurial wealth. I loved his book. It is the most comprehensive approach to the subject that I have read. Every business owner who hopes to one day sell his/her business needs to read this book- and to get started now to implement his advice. I don’t recall John actually saying this, but I know he would agree with me when I say that the business owner needs to run his/her business every day as though he plans to leave it tomorrow, no matter what exit strategy he has in mind. Buy the book now. It is well worth the investment of your time and money. -
#3 written by Jeff Lippincott 1 year ago
Review by Jeff Lippincott for Exiting Your Business, Protecting Your Wealth: A Strategic Guide for Owners and Their Advisors
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I liked this book a lot. It has an Introduction and 15 chapters divided into the following three parts or sections:I. Preparing for your exit
II. Knowing your options
III. Planning your exitI thought the book was well written, well outlined, and full of good content. It was written by an attorney who advises clients on how to clean up their businesses so they can be sold or handed down to the owner’s offspring.
Creating a successful business is an uphill battle for many. And what the definition of a successful business is depends on who you ask. A small business that provides a job for its owner/operator whereby that person earns $150,000 a year in taxable income very well might be considered successful. But what would happen if that person died? Would the business still bring the subsequent owner $150,000? Maybe, maybe not!
What this book covers is the arsenal of issues that one must consider if they have a small business they want to either retire from and sell out profitably, or pass down to their offspring or other relatives. A business that is really an alterego of its owner is not worth all that much. And such businesses are hard to sell for a nice sum. In those instances, when the centerpiece of the company moves on, then so does the revenue stream. Not a good thing when you want to sell a business.
Another book I read that kind of touched on the issues in this book was “Instant Systems” (ISBN: 9780071466707). The point is that if you don’t systematize your business, then you won’t have anything to sell. And “Exiting Your Business” is about selling your business or passing it on to relatives.
This book not only includes exiting strategies regarding the sale of the business to another company, the company’s employees, or some rich individual. But also covers estate planning and tax planning issues, too. It’s really a well though-out and extensive book on its subject. 5 stars!
PS. Take a look at the Search Inside feature that Amazon provides for this book. There you can examine the Table of Contents and see for yourself what exactly is covered.
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#4 written by Marcia Bench 1 year ago
Review by Marcia Bench for Exiting Your Business, Protecting Your Wealth: A Strategic Guide for Owners and Their Advisors
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If you own a business, you need to read this book. Even if you aren’t thinking of selling or exiting any time soon, this insightful book will help you think about your business as an investment, instead of as a job. You will know what the final “play” looks like…so you can make the decisions NOW to get there. Far from being a stuffy legal treatise, it is a practical how-to manual that lays out the options and provides real life scenarios that make them come to life. I highly recommend this book!Marcia Bench, Purposeful Entrepreneur Success Coach (and former business lawyer)
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Review by Midwest Book Review for Exiting Your Business, Protecting Your Wealth: A Strategic Guide for Owners and Their Advisors
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There comes a time when one must leave what they have worked on for so long. “Exiting Your Business, Protecting Your Wealth: A Strategic Guide for Owners and Their Advisors” is a guide to extracting oneself from one’s business. An exit strategy for business is needed, in order to keep one’s own prosperity as well as that of the businesses. With special chapters on realizing when one is a workaholic, moving onto a different career or retiring, and setting realistic exit goals, “Exiting Your Business, Protecting Your Wealth” is a must for business owners who want to move on.