Tag: Exit Strategy

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Planning for Succession & Exit Strategies with Kirk Loury

Planning for Succession & Exit Strategies with Kirk Loury

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How can a carefully planned succession pave the way for a successful business transition?

Today on the MCM Wealth Podcast, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines talks about the importance of succession and exit planning for business owners, highlighting the key differences and the main objectives, providing valuable insights to ensure a smooth transition for both the big boss and the business.

Kirk discusses: 

  • Succession planning: Understanding what it entails and why it’s crucial
  • Arriving at a clear definition of succession planning and its significance
  • Navigating through the complexities of successional planning and strategic management
  • Expanding the scope of succession planning for the seamless transition of ownership
  • Exit planning: Unveiling the key objectives and strategies
  • Outlining the main goals of exit planning for a successful business transition
  • Distinguishing between succession planning and exit planning for better decision-making
  • Effective strategies for a successful business exit and post-transition objectives
  • And more

Resources:

Connect with Geoff Hakim: 

Connect with Kirk Loury:

About Kirk Loury: 

Kirk provides integration between MCM’s marketing, investment strategies, and implementation. He is also a co-founder and managing member of Advisable Wealth Engines. Mr. Loury has over thirty years of experience in a variety of executive roles covering investing, marketing, and wealth-technology deployment. He has particular expertise in applying well-conceived insurance products as investments within a wealth plan to minimize portfolio volatility, deliver high tax efficiency, and meet multi-generational income goals. While having experience with institutional investors, Mr. Loury’s primary focus is with private wealth investors including family offices. Kirk Loury received a bachelor’s degree in marketing from the University of Colorado, Boulder, and an MBA from the Harvard Business School.

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A Guide To Selling Your Business with Jim Cascino

A Guide To Selling Your Business with Jim Cascino

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What does the process of selling your business look like?

In this episode, Jim Casino, founder and CEO of C-Suite Advisors talks about the process of selling a business and the importance of having realistic expectations. He discusses the need for clean financials and why every business owner needs to assemble a strong advisory team of service providers such as investment bankers, brokers, M&A attorneys, and CPAs. 

Discover what it takes to sell your business as Jim details:

  • Why business owners hire C-Suite Advisors to help with selling their business
  • The type of professionals business owners may need to lean on during the sale
  • The differences between selling to management versus selling to an outside firm
  • What internal resources are necessary to be on the deal team
  • What pushes deals across the finish line to closing
  • And more

Connect with Geoff Hakim: 

Connect with Jim Cascino:

About Our Guest: 

Jim Cascino founded C-Suite Advisors because he’s passionate about business, and finds great joy in helping CEOs, senior executives, and their companies achieve full potential. He helps leaders focus on what’s most important, make better, faster decisions, and accelerate their growth. He has decades of personal experience in the C-suite to draw upon, which allows him to deliver superior advisory and guidance to driven, high-powered CEOs. Over the course of his successful career, Jim has been the CEO of 10 private and public companies, and three non-profits. Additionally, he has been President of a management consultancy specializing in turnarounds and crisis management. He has served as Chairman or Director on 12 boards and had committee leadership in Executive, Governance, Finance, Long Range Planning, Compensation, and Merger and Acquisition committees. He has also driven and participated in 15 M&A transactions (6 Buy/9 Sell). Jim’s leadership style is positive, strategic, Socratic, and results-oriented. He takes pride in helping leaders find success, regardless of the challenges they face. When it comes to give-back and other interests, Jim is an active mentor to high-tech and life science start-ups through the Arizona Commerce Authority, has worked with orphans in Africa helping create sustainable support systems, led a global medical non-profit, fundraised professionally for a White House peace initiative, and continues to work in animal rescue. He is additionally a winning competitive sailor and served as Commodore of St. Francis Yacht Club.