Claim OwnershipBusiness Exit Success
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A podcast dedicated to helping business owners: Maximize Business Value - Optimize Personal Finances - Reach Financial Independence
If you are a small business owner looking to exit your business within the next 5 years, this podcast is designed to help you understand the logistical details and necessary preparation steps to plan well for your transition.
Hey there! I'm CERTIFIED FINANCIAL PLANNER™ Tom Poltersdorf Jr. and each week I'll be answering your top questions and help you successfully exit your business on your terms. Tune in weekly for new episodes to gain the knowledge and actionable steps to help you map out your successful business exit strategy.
If you are a small business owner looking to exit your business within the next 5 years, this podcast is designed to help you understand the logistical details and necessary preparation steps to plan well for your transition.
Hey there! I'm CERTIFIED FINANCIAL PLANNER™ Tom Poltersdorf Jr. and each week I'll be answering your top questions and help you successfully exit your business on your terms. Tune in weekly for new episodes to gain the knowledge and actionable steps to help you map out your successful business exit strategy.
118 Episodes
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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 Are you a business owner looking to build wealth and lower your tax bill? In this episode, we break down everything you need to know about setting up a 401(k) retirement plan for small businesses including how to choose between a Traditional 401(k) and Safe Harbor 401(k). You’ll learn how to leverage the 2025 contribution limits, automate your savings strategy, and avoid costly mistakes with the help of a Third-Party Administrator (TPA). Key Topics Covered: Common myths about 401(k) plans for entrepreneurs and small business owners Safe Harbor 401(k) vs Traditional 401(k): pros, cons, and compliance differences 2025 401(k) contribution limits and how to maximize them The role of TPAs in managing and optimizing your plan How to automate your retirement investing strategy Whether you're a solo entrepreneur or have a growing team, this episode is your guide to creating a tax-advantaged retirement plan that helps secure your financial future without relying solely on selling your business.
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 Thinking about selling your HVAC business? Here are the 4 things buyers are looking for before they'll pay top dollar. Most owners leave hundreds of thousands of dollars on the table simply because they don’t know what buyers are really looking for. In this video, I’ll break down the 4 proven strategies that can help you sell your HVAC company for maximum profit and avoid the mistakes that destroy deals. You’ll learn: Why "getting out of the van" can double your sale price How maintenance agreements boost your business valuation The truth about clean financials and why they matter Why most buyers avoid businesses focused on new construction Whether you’re planning to sell soon or just want to build a more valuable HVAC business, this episode will help you create an exit strategy that actually pays off.
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 If you’re a business owner in your 50s or 60s thinking about selling your company, this is for you. After working with tons of business owners as a Certified Financial Planner and Exit Planning Advisor, I’ve seen a pattern. People hit retirement and suddenly wish they had made a few key moves way earlier. Today I’m sharing the top 5 things business owners consistently tell me they wish they’d done at 60, so you don’t make the same mistakes. Here’s what we’ll cover: Why guessing your business value could cost you millions How saving outside your business gives you way more flexibility The tax planning moves that can save you a fortune (but take years to set up) What to do now so you don’t feel lost after you sell How to avoid family drama by getting everyone on the same page early Selling your business is a big deal, financially and emotionally. These lessons come straight from the real-life experiences of other owners who’ve been through it.
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 ---------------- A lot of business owners dream about selling their business and retiring, but not everyone is truly ready. In this video, I’ll walk you through 7 critical questions to determine if you’re prepared for a smooth and profitable exit. If you can confidently say YES to all of these, you’re on the right track. If not, don’t worry, I’ll provide actionable insights on what you can do next!
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 Mark sold his business at 60 and walked away with $850,000. A year later, he was filled with regret. Why? Because like many business owners, he didn’t plan beyond the sale. In this episode, I walk you through the four major pitfalls that caused Mark's retirement to unravel and how you can avoid the same costly mistakes. Whether you're planning to exit in one year or five, understanding these critical areas could save you from a million-dollar mistake.
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 Many business owners go broke after selling because they underestimate taxes, overspend without a plan, and fail to invest wisely leading to financial regret and instability. In this episode, we break down the five biggest exit planning mistakes and reveal strategies to protect and grow your wealth after selling your business.
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 Selling your business is one of the most significant decisions you'll make as a business owner, whether you’re retiring, transitioning to new leadership, or planning to sell your business. Listen in and learn: The three components of your exit readiness Essential steps to prepare your business for sale Strategies to maximize the financial and personal benefits of your exit
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
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 The Value of Time: Why time is our most precious resource and why delaying retirement could cost you. Health Benefits: How retiring can significantly reduce stress and improve your quality of life. Limited Best Years: Understanding the difference between lifespan and health span, and why your healthiest years might be right now. Strengthening Relationships: How retirement allows you to invest in meaningful connections with family and friends. Breaking Free from Work Identity: Avoiding the trap of defining yourself solely through your career. Your Financial Readiness: Why you may be in a stronger financial position than you think to retire comfortably. If you're considering retirement, this video will help you weigh the benefits and understand the true cost of continuing to work when you're already ready to step back. Resources: Expenses In Retirement Chart Time Spent With Children Chart
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 Listen in as I break down the critical details of 401k loans—the pros, cons, and major risks you need to be aware of before borrowing from your retirement savings. We discuss how a 401k loan works, the ease of accessing funds, and the potential advantages like no credit checks and quick approval. However, we also explore the often-overlooked dangers, including missed investment growth, double taxation, and the significant risk of repayment penalties if you change jobs or can't pay back the loan in time. Whether you're in a financial emergency or considering a major purchase, this video offers essential insights to help you make an informed decision. Learn about alternative borrowing options like home equity loans, personal loans, and even 0% APR credit cards.
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 Here are my top 10 actionable recommendations to help you get your retirement savings on track, even if starting from zero in your 40s or beyond. Whether you’re 40, 45, or even 50 with no savings, these strategies will guide you through the steps needed to build a solid financial foundation. We’ll cover everything from how to save money effectively, budgeting tips, and smart investing strategies to growing your income, improving your mindset, and preparing for unexpected events. RESOURCES: Books The Psychology of Money Think And Grow Rich The Path
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, we dive into the critical topic of borrowing from your 401k and why it could be a major setback for your financial future. Many business owners see 401k loans as a quick and convenient way to access cash, especially in tough times or for significant purchases. However, the hidden costs, double taxation, and missed investment opportunities make borrowing from your retirement savings a risky move. We’ll explore the common pitfalls of 401k loans, the true cost of paying yourself back with interest, and why this strategy often backfires. Learn how these loans can jeopardize your long-term financial security and what you should consider before making the leap.
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, we dive into strategies to help business owners maximize their 401k to build wealth and reduce the need to rely solely on selling their business for retirement. Learn actionable tips on how to optimize your 401k, including when to start investing, how much to contribute, the best ways to invest your funds, and what to do with your 401k when changing jobs. We also discuss common mistakes to avoid, such as paying high fees, taking loans against your 401k, and not increasing contributions over time. Tune in to take control of your retirement savings, minimize risk, and ensure a successful transition into retirement.
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 Investing during market highs can be intimidating, but it’s also a great opportunity if you have the right strategies. I’ll guide you step-by-step on how to take advantage of soaring markets while keeping your investment goals on track. Resources: New Highs Happen In Clusters Chart Investing Before Market Crash Returns Chart
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 of Business Exit Success, we dive into the concept of redefining retirement for high-achieving entrepreneurs who have successfully exited their businesses. Rather than settling into a traditional retirement, we explore how to channel the same drive and energy that fueled your business success into new, fulfilling ventures. Whether it’s through mentorship, volunteering, or lifelong learning, this episode will inspire you to think beyond the exit and embrace the next chapter of your life with purpose and passion. Resources: Ivan and Mariana Polic Interview - Episode 80 Marcia Barnes Interview - Episode 65 Matt Sharrers Interview - Episode 95
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 address the crucial question many business owners face: "Should I Retire Now?" I walk you through five critical questions to help determine if it's the right time to step away from your business. From assessing your financial readiness and calculating retirement needs to understanding the tax implications and managing post-sale investments, this episode offers a comprehensive roadmap for business owners considering retirement.
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 share six key strategies to help you thrive when the market crashes. Drawing from my experience guiding clients through market downturns, I explain how to navigate financial turbulence and make the most of down markets. Whether you’re a business owner or an individual investor, this episode provides valuable insights on shifting your perspective, aligning investments with your timeframe, leveraging tax loss harvesting, considering Roth conversions, rebalancing your portfolio, and sticking to your plan. Tune in to learn how to protect and grow your wealth even during market volatility.
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.
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 of Business Exit Success, we dive into a vital topic for anyone looking to secure their financial future: the importance of asset allocation. Learn why asset allocation is the most crucial investment decision you'll ever make, how to determine the right mix for your portfolio, and the strategies that work for 99% of people. Whether you're planning for retirement, saving for a big purchase, or simply want to optimize your investment strategy, this episode offers actionable insights to help you achieve long-term financial success.
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 dive into the top three investment mistakes that can derail your financial future and how to avoid them. Learn why timing the market is nearly impossible, the dangers of selling in a down market, and the stress caused by checking your accounts too frequently. I share my personal experiences and practical tips to help you make smarter investment decisions, reduce stress, and build lasting wealth. Tune in to discover strategies that can help you stay on track and maximize your returns. Resources: Missing Best Market Days InfoGraphic
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