In this episode of “Banking on Your Business with Jacob Robertson,” we kick off Season 2 with an exciting topic – maximizing your business exit. We’d like to express our gratitude for the overwhelming support and feedback we received during Season 1. Our first guest in this new season is Robbie White from Virginia Asset Management, who approaches the exit strategy from a financial planning and wealth management perspective.
There’s so much valuable information in this interview that we couldn’t fit it all into a single episode, so we decided to make this the first part of the conversation. We’ll have Robbie back for more insights and strategies in future episodes as part of our “Pave the Path” series.
Jacob and Robbie delve into the intricacies of helping business owners make the most out of their exit strategy. They discuss the importance of starting the planning process as early as possible, ideally three to five years before the expected exit date. Robbie emphasizes the significance of aligning personal and financial goals with business strategies and how to build a financial plan that ensures financial security and growth.
They also touch on the emotional aspect of exit planning, emphasizing the need to define a clear vision for life after the exit, which goes beyond just finances. The conversation leads to the importance of assessing the business’s current value and strategies to maximize it, creating a diversified income stream, and addressing estate planning issues.
