Tag: Selling Your Business

Planning for Succession & Exit Strategies with Kirk Loury

Planning for Succession & Exit Strategies with Kirk Loury

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.

Exit Strategies For Your Business With MCM Wealth

Exit Strategies For Your Business With MCM Wealth

Are you planning to sell your business, but don’t know where to start? MCM Wealth can help!

In this episode, Geoff Hakim, CEO of MCM Wealth, discusses the challenges business owners face when planning to sell their companies. He details MCM Wealth’s comprehensive exit strategy program, which includes a team of specialty partners to guide owners through the sale process, from discovery to deal documentation. The program also addresses tax mitigation and offers CEO coaching. Geoff highlights the importance of early estate planning and MCM Wealth’s turnkey approach which saves business owners time and stress in the sale process. 

Geoff discusses: 

  • What hurdles business owners face when selling their businesses
  • Components of MCM’s business exiting package
  • Difference between succession planning and exit planning
  • Importance of early estate planning
  • The selection process for experts in MCM’s turnkey approach
  • When to plan to sell your business and how long to expect the sale process to take
  • And more

Connect with Geoff Hakim: