The Business Journals & MassMutual Business Owners Perspectives Podcast

In this episode, we look at protecting business interest, often the single largest asset of a closely-held business owner’s estate. It’s often responsible for the majority of current income for you and your family and will be looked to as a source of wealth at retirement. Businesses can transition expectedly or unexpectedly whether because of death, disability, retirement, or even a global pandemic. That’s why it’s important to plot a course toward protecting your business and minimizing the impact a change in ownership could have on those who depend on the business most. If your expectation is to receive full value for the business when the time comes to leave then you should put as much effort into protecting it as you did building it. And perhaps the most important step of all is to document and communicate your plans. 

In this episode, we explore how now is the ideal time for business owners to recalibrate where they are in their business operations and establish a new baseline regarding the value of their business. As business owners focus on key value drivers that will set the stage for a strong recovery and help build a foundation for a longterm recovery. Chris Snider, the CEO of the Exit Planning Institute, walks listeners through the 4C’s of business value and how to improve them: social capital, structural capital, human capital and customer capital.

In this episode, a collection of business experts discusses the unprecedented times facing business owners and how they came come out the other side smarter, stronger and more prepared than before. The episode features thoughts on leadership, cash flow, employee benefits and shifting business models from Chuck Richards from CoreValue, Mark Kennedy and Kerstin Kornblum from Benefit Concepts, and Brian Trzcinski from MassMutual.

In this episode, we tackle a crucial decision all business owners most make. Do they stay and reinvest the time, energy and money to take their business to the next level? Or do they leave and move on to the next stage of their personal and professional life? It’s a decision that affects the business, the business owner’s family and the employees. Best-selling author and business transition expert John Warrillow offers his thoughts and experiences on a variety of topics including types of transitions, timing, planning, business valuation and some transition success stories.