S3 E3: What Does It Take to Sell or Exit Your Business Successfully? ft Jamie Flook cover art

S3 E3: What Does It Take to Sell or Exit Your Business Successfully? ft Jamie Flook

S3 E3: What Does It Take to Sell or Exit Your Business Successfully? ft Jamie Flook

Listen for free

View show details
Most business owners spend years building their business, but very few prepare for the day they leave it. In this episode, Alex Reading (M&A Consultant at Pinnacle Business Finance) sits down with Jamie Flook, Managing Director and Certified Financial Planner at Lab Financial Planning, to talk about what most founders never plan for, the personal and financial reality of life after the sale. Jamie was named one of the Top 35 Next Generation Advisers 2024 by New Model Adviser and works with business owners to help them translate business success into lasting personal financial security.In this episode:• The three mistakes founders make when exiting and how to avoid them• Why knowing what you need from a sale matters more than what it's worth• The hidden personal cost of selling that nobody talks about• The TALES model - a practical five-point framework for exit planning• How cash flow modelling changes the way founders think about selling• Where your income comes from once the deal completes• Why the question "what are you going to do next?" catches so many founders off guardThis is the Financial Plan Every Business Owner Needs Before They Sell.If you're thinking about selling, growing, or just want to understand how to translate business success into personal financial security, watch this episode. Subscribe for more episodes on business finance, buying, selling and growing a UK business.Get in touch with Alex Reading - Pinnacle Business Finance / The Best Group 🌐 https://thebestgroup.co.uk 📞 0117 251 0048 🔗 www.linkedin.com/in/alex-reading-05a799215/Get in touch with Jamie Flook - Lab Financial Planning 🌐 www.labfp.co.uk 📞 0117 427 8887 🔗 linkedin.com/in/jamieflook-labfinancialplanning🕐 TIMESTAMPS00:00 Introduction - Jamie Flook & Lab Financial Planning 01:40 The 3 biggest mistakes founders make when exiting 02:35 Why you need to know your number before you go to market 03:47 The hidden cost of selling. Identity, purpose and what comes next 06:50 The TALES model explained 09:00 Team and timeline - Who you need around you 10:00 Amount - What can it sell for vs what do you need it to sell for 12:00 Cash flow modelling and flipping the script on valuation 16:00 Income after the sale - Where does it come from? 18:00 Layout and legacy - Making your capital work post-exit 19:25 What are you going to do next? The question founders don't ask 21:00 Wrap up#SellYourBusiness #UKBusiness #FinancialPlanning #BusinessPodcast 🎙️ The Best Business Podcast - Hosted by Jack Seymour Learn more: thebestgroup.co.uk / pinnaclebusinessfinance.co.ukGot a finance question? Call 0117 251 0048
adbl_web_anon_alc_button_suppression_t1
No reviews yet