Don’t Leave Money on the Table: Essential Tips for Entrepreneurs Exiting Their Business with Dr. Eric Roman
In this episode of Legendary Exits, Micah welcomes Dr. Eric Roman, a seasoned entrepreneur, discussing financial planning, tax strategies, and the entrepreneurial journey. Eric shares his experiences in finding suitable wealth advisors, emphasizing the importance of intentional financial planning and the challenges of communicating his investment preferences. He highlights key tax strategies used during his exit of a successful dental business and the significance of advanced planning. Eric also reflects on building his business with valuation in mind and understanding personal financial goals, offering valuable insights for entrepreneurs considering an exit. Don’t miss this episode!
Audio
Share Episode
Highlights from this week’s conversation include:
Personal Financial Goals and Planning (0:26)
Tax Deferral Motivation (2:15)
Tax Strategies Overview (5:12)
Understanding Taxation as a Choice (7:38)
Valuation vs. Taxation (9:15)
Advice Sources for Tax Strategies (12:32)
Impact of Advanced Planning (14:56)
Business Background and Timeline (16:09)
Valuation Goals from Day One (18:28)
Life of Significance Post-Exit (19:25)
Exit Strategy Considerations (22:14)
Team Preparation for Exit (25:57)
Impact of Deal Length on Business Performance (28:04)
Current Focus and Future Plans (32:16)
Join Micah Brandenburg, growth partner and exit strategist, as he unpacks the keys to achieving a legendary exit. Drawing on over 20 years of experience scaling companies, Micah shares actionable insights to help entrepreneurs live a life of significance, fund their unique financial goals, and build a legacy that transforms lives.
The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.
