Sell Smart: Build Wealth Early!

Sell Smart: Build Wealth Early!

April 28, 20251 min read

Chris Johnsen, a civil attorney specializing in business law, shares insights on selling a business and the importance of building structures and systems to make a business more marketable. He emphasizes the need to start thinking about selling a business about five years in advance and recommends resources like the book 'Clockwork' and the podcast by John Warrillow.

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Chris also discusses the significance of having clean and organized books, the role of attorneys in the selling process, and the benefits of infinite banking and self-directed investing.

Takeaways

• Start thinking about selling a business about five years in advance and focus on building structures and systems that make the business more marketable.

• Having clean and organized books is crucial for a successful business sale.

• Consider working with an attorney to navigate the selling process and protect your interests.

• Explore the concept of infinite banking and self-directed investing as alternative financial strategies.

Sound Bites

• Start thinking about these things about five years out from the time that you want to sell your practice.

• The number one deal killer is messy books.

• It makes sense to meet with an attorney early on, even right after starting a business, to optimize the rate of return when selling.


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