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#14 Steering Success: A Guide to Business Succession Planning
Manage episode 449811685 series 3603404
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Curious about the benefits of working with a financial advisor for your pharmacy business? Join Matt Hodgson as he and Jeff Ady of Northfront Financial explore the importance of planning for an exit, steps in proper succession planning, and the benefits of working with a financial advisor. Jeff shares his journey into financial advising, insights on balancing business and personal wealth, and critical advice for ensuring a smooth transition when exiting a business. Key topics include the significance of early exit planning, managing mixed personal and business finances, and strategies for mitigating tax liabilities. Additionally, Jeff highlights the importance of finding purpose post-exit and the psychological challenges that can accompany this major life change. Tune in for practical advice and expert insights to help pharmacy business owners navigate their financial futures.
00:00 Welcome to Pharmacy Edge
00:48 Meet Jeff Ady: Financial Advisor Extraordinaire
00:56 Jeff's Journey into Financial Advisory
02:31 Northfront Financial: Services and Clients
04:43 The Importance of Exit Planning
05:53 Financial Planning for Business Owners
09:55 Purpose After Exit: Finding Your New Path
11:50 Smooth Transitions: Succession Planning Tips
14:44 Separating Personal and Business Finances
22:38 Tax Planning Strategies for Business Owners
29:26 Final Thoughts and Free Consultation Offer
Connect with Pharmacy Edge:
Website: www.pharmacyedge.com
LinkedIn: Pharmacy Edge
Facebook: Pharmacy Edge | Twin Falls ID | Facebook
Connect with our Host:
LinkedIn: Matt Hodgson | LinkedIn
Connect with Jeff Ady:
Website: www.northfrontfinancial.com
LinkedIn: Jeff Ady | LinkedIn
LinkedIn: Northfront Financial
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