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you to have hit your Freedom Point?

Is your company worth enough yet for

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give you the freedom you want?

Will the sale of you company truly

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to fund you future lifestyle?

Is your company worth enough

3 Things to Consider When You Hit The Freedom Point

When was the last time you calculated the percentage of your net worth tied to your company’s value?

When you started your business, its value was probably negligible. Unless you purchased or inherited your company, it wasn’t worth much when you opened your doors, but over time, the proportion of your assets tied to your business may have crept up.

If this pandemic has taught us anything, it is that nothing is for sure, and a thriving business one day can turn into a struggling company overnight. When your business makes up most of your net worth and selling it would garner enough money to retire, there’s no financial reason to continue owning your business. You may enjoy the challenge, the social interactions, and the creative process of building a business, but keeping it may be unnecessarily risky.

When you’ve crested the Freedom Point and want to diversity—but still don’t want to retire—you have some options:

Sell a Minority Stake: In a minority recapitalization, you sell less than half of your shares. Often sold to a financial investor such as a private equity group, a minority recapitalization allows you to diversify your net worth while continuing to control your business.

Sell a Majority Stake: In a majority recapitalization, you sell more than half of your shares to an investor who will most likely ask you to continue to run your business for many years to come. You get to diversity your wealth, keep some equity in your business for when the investor sells, and continue to run your company.

Earn-Out: When you sell your company, you’ll likely have to agree to a transition period of sorts. One of the most popular is called an earn-out, where you agree to continue to run your company as a division of your acquirer’s business for a specified period of time. Your earn-out may be as little as a year or as long as seven, but the average is three years. Therefore, if you’re past the Freedom Point and can see yourself wanting to step down in the next three to five years, an earn-out may be worth considering.

Building a successful business is rewarding, but when your personal balance sheet gets out of whack, it may be worth considering the risk you are shouldering and the options you have for sharing some of it.

Serial Entrepreneur With Over 30 Years Experience

I have a passion for helping businesses like yours grow and become profitable, so you can enjoy the lifestyle you deserve.

I will help you deliver the results you desire using proven tools, methodologies and systems, tested and perfected over tens of thousands of businesses worldwide for over more than two decades. I will hold you accountable for your results and just like a sports coach, push you to perform at optimal levels.

Let’s schedule a Free Business Coaching session to get started …

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One day every three months – your chance to step out of the business and get focused. We’ll work with you to map out a winning game plan for the next 90 days. Plus with practical workshops and expert training, you and your team will get back to your business with clear direction and new tools to achieve your goals faster.

You’ll hear it straight from the trenches – real business owners sharing their top money making tactics from the last 90 days.  Listen hard.  Take notes.  Then adopt & adapt to get them working for you.

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