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Think your business is ready to sell? Think again. Sean Hutchinson, veteran exit planning advisor, reveals why 70-80% of your wealth may be trapped in an illiquid asset - and the single most common mistake that's destroying your business value right now. In this eye-opening conversation, discover why most baby boomer business owners are dangerously unprepared, what buyers REALLY look for when evaluating your company, and the counterintuitive strategy that can pump your valuation by 40%, faster than you think. Whether you're planning to exit in 2 years or 10, this can change everything. The question isn't, "What's my business worth?" - it's "What am I doing to make it worth more?"

Watch the full episode on YouTube: https://youtu.be/2kyUgQKch4I

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Chapters

1. Fire Yourself! (00:00:00)

2. Guest Introduction and Background (00:00:17)

3. Understanding Exit Planning (00:00:32)

4. The Evolution of Value Acceleration (00:01:00)

5. Challenges in Exit Planning (00:02:04)

6. The Importance of Business Valuation (00:02:45)

7. Sean's Career Journey (00:05:25)

8. Building and Growing a Business (00:06:18)

9. The Role of a Value Growth Advisor (00:09:59)

10. Generational Differences in Exit Planning (00:16:34)

11. The Three Legs of the Stool (00:30:07)

12. The Human Aspect of Exit Planning (00:41:25)

13. Introduction to 90 Day Sprints (00:44:09)

14. Ideal Timeframes for Planning (00:44:29)

15. The Importance of Short Cycles (00:45:20)

16. Implementing 30-30 Cycles (00:46:27)

17. Evaluating Progress and Agility (00:47:10)

18. Addressing Systemic Issues (00:48:05)

19. Defining Strategy and Success (00:48:57)

20. Balancing Work and Rest (00:50:04)

21. Value Domains and Interrelated Factors (00:50:42)

22. Professionalizing Management in Family Businesses (00:57:36)

23. Psychological Ownership and Generational Transition (01:03:02)

24. Managing Risk Profiles Across Generations (01:17:31)

25. Balancing Family and Business (01:32:01)

26. Unpacking Business Practices (01:32:18)

27. Tax Management and Transparency (01:33:52)

28. Family Dynamics in Business (01:34:15)

29. Estate Planning and Fairness (01:35:48)

30. Personal Experience with Family Business (01:36:04)

31. Governance in Family Businesses (01:41:54)

32. Preparing for Business Exit (01:42:48)

33. Reducing Owner Dependency (01:43:26)

34. Importance of Leadership Teams (01:44:52)

35. Telling Your Business Story (01:49:33)

36. Mentorship and Personal Insights (02:03:53)

11 episodes