How to Prepare Your Finances for Life After Selling Your Business

About the Episode

How much money do you need to live the life you want after you sell your business? How can you make sure that you get it? Wealth manager Joe LoPresti shares his experience on how you can prepare for the sale of your business. This podcast covers how you can prepare for the future you want and how to build a team of advisors who proactively help you manage your wealth after the sale.

We play the role of the owner’s personal chief financial officer, so we advocate for the owner and what they want to reach that freedom point.

Joe LoPresti

What You’ll Learn

• Understand Your Freedom Point: The financial and personal goals you need to achieve to live the life you want after selling your business.
• Plan for Your Exit: Start planning early for your business exit, including tax strategies, wealth transfer, and asset protection, to maximize your potential and minimize regrets.
• Build Your Team: Assemble a coordinated advisory team (i.e., attorney, financial advisor, accountant, business intermediary) that can work together to guide you through the complex exit process.
• Prepare Your Business for Sale: Understand its value from a buyer’s perspective and take steps to make it more attractive to potential purchasers.
• Mentally Prepare Yourself: Recognize the emotional and financial challenges of transitioning from controlling a business to managing a diversified investment portfolio, and work with advisors who can help you navigate this transition.

Topics Covered

Want More? Related Resources: 

• The Role of Family Offices in M&A
• Critical Financial and Estate Planning Strategies When Selling Your Business 
• Will Selling Your Business Make You Happy?

Meet Our Guest

Joseph F. LoPresti

President & CEO, Arlington Wealth Management| Arlington Heights, IL

Joseph F. LoPresti is the founder of Arlington Wealth Management, with 39 years in the financial services industry and a history spanning more than two decades at the helm of his firm. 

Joe’s career, shaped by a critical view of Wall Street’s sales-dominated culture, forged a new path that led him to develop a proprietary investment methodology. His deep conviction that hard-earned wealth should be actively safeguarded has become the cornerstone of his unique client relationships centered around achieving security, prosperity, and peace of mind.

Joe’s passion for financial literacy inspires his multifaceted contributions to investor education, including radio segments, course teachings at local colleges, and the foundation of the Investor Education Institute (IEI).

LinkedIn: https://www.linkedin.com/in/joeloprestiria/