Modern Investing with Sidepocket: Mastering the Art of Business Exits with Todd Sullivan

In this episode, we sat down with Todd Sullivan, a seasoned entrepreneur and CEO of ExitWise, to explore the enthralling journey of building, scaling, and successfully selling businesses. With a track record of establishing and selling four companies, Todd sheds light on the intricacies of the M&A (Mergers and Acquisitions) process, providing invaluable advice for entrepreneurs looking to exit their ventures wisely and profitably.

Todd emphasizes the critical factors that contribute to a successful business exit. First and foremost, recognizing the value of professional representation cannot be overstated. Entrepreneurs need to surround themselves with experienced M&A advisors to navigate the complex and often hostile process of selling a business. Additionally, having precise and transparent financials are paramount. Without them, any inconsistencies can sow doubt in potential buyers' minds, drastically affecting the valuation and outcome. Todd also underscores the importance of knowing your 'number'—the exit amount that meets your financial and personal goals—before beginning the M&A process, collaborating closely with a wealth management advisor to ensure post-tax goals are met. This holistic approach ensures that the exit is not just financially rewarding but also aligns with the entrepreneur's life post-sale.

For entrepreneurs dreaming of a lucrative exit, it's crucial to engage in thoughtful preparation and thorough planning. Todd Sullivan’s expertise offers a treasure trove of insights that can dramatically influence the success of your business sale. Whether you're currently scaling your startup or preparing for an M&A, tuning into the Modern Investing with Sidepocket podcast will arm you with the essential knowledge to make informed decisions and thrive well beyond your business exit. Listen to the full episode to uncover more actionable strategies and inspirational stories from Todd Sullivan.

Financial Educator? Click here now to learn how you can unlock the full potential of your practice and help your clients thrive.

Don’t work with one of our platform partners? Try Sidepocket BETA: Download Sidepocket for iOS

About Sidepocket:

If you don't have the time to professionally trade and are tired of being at the whim of the market's ups and downs, consider using Sidepocket to automate investing.

Sidepocket monitors the markets 24/7 and automatically rebalances your holdings each month. To maximize returns while protecting against loss.

That's why Sidepocket applies sophisticated quantitative methods, including tactical asset allocation to systematically minimize these drawdowns and consistently protect and grow your hard earned savings.

To learn more, visit www.sidepocket.com