Ep #101: The Critical Number Everyone Gets Wrong When Selling Their Business

07/08/2024 5 min
Ep #101: The Critical Number Everyone Gets Wrong When Selling Their Business

Listen "Ep #101: The Critical Number Everyone Gets Wrong When Selling Their Business"

Episode Synopsis

Do you need help planning your retirement? → See How We Can Help How ready are you to retire? → Get Your Retirement Readiness Score Watch our Free Retirement Planning videos   In this episode, I discuss the critical number every business owner gets wrong when selling their business: the net amount that goes into their pocket after the sale. I explain the various deductions that can significantly reduce the final proceeds from the sale price, including broker fees, outstanding debts, and taxes. Using a real-life example, I illustrate how a business sale price of $5.2 million can dwindle to just over $3 million after all deductions. Tune in to learn how to accurately calculate your net proceeds and ensure you're financially prepared for life after your business sale.    

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