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#13 Mastering the Art of Business Exit Strategies | Darren Cherry
Manage episode 376977039 series 3489088
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Let's say your business is already stable and successful, and it has been for a long time. Have you considered what and how much it would take for you to "retire"?
In this episode of Expert Access, Danella interviews Darren Cherry, a leading expert in exit strategies for entrepreneurs.
It does not matter if you're just getting started in your current business or you have been running one quite successfully for a long time, 50% of all business exits are involuntary! This episode is definitely for every entrepreneur.
What to expect in this episode:
00:51 – Darren's expertise and experience
01:57 – Understanding the money in business cycle.
03:19 – The myth about exiting your business.
05:38 – How Darren got started.
09:01 – Encore Activities for entrepreneurs
12:13 – The challenge of wealth gap
14:06 – #1 factor that determines the value of your business.
18:56 – When should you start planning your exit?
21:45 – Determining the number for you to retire.
26:39 – Examples of what it looks like when you don't prepare.
32:37 – Getting in touch with Darren
About Darren Cherry:
Darren Cherry, Area President with FocusCFO is characterized as an exceptional listener, communicator, strategist and business-centric CFO who embodies a thirst for knowledge and learning. Born and raised in Gary, Indiana, Darren’s career and education routed him Domestically through Illinois, Minnesota and Ohio, as well as Internationally through Japan, Germany and China. Darren earned his B.S. in General Management with a minor in Accounting from Purdue University and his MBA from The Ohio State University. Throughout his professional career with Honeywell, Komatsu and Greif, he progressed from Staff Accountant, Financial Strategist, Mergers & Acquisitions Specialist to Group Controller, Divisional CFO and Divisional CEO. In 2016, Darren was presented with an opportunity to invest and acquire ownership in FocusCFO. This decision proves to be one of the best utilizations of his financial and business expertise which encompasses 17-years in Finance and 17-years in Operations.
LINKS:
Website: https://123exitplan.com/
About Dannella Burnett:
Dannella Burnett is an author, speaker, and coach who has been in the event planning industry for 40 years. She has an AS - Culinary Arts, BS in Food Service Management both from Johnson & Wales University She became a mother later in life. Dannella is the founder of Speakers Need to Speak, a stage finder service, and she also owns Encore Elite Events. With her decades of experience, she has developed an impressive directory of speakers to support her clients. She has dedicated her life to supporting starter and seasoned speakers to get more visibility. She has traveled to 10+ countries and loves reading and spending time with her family. She has worked with several famous speakers, actors, musicians, and has been featured in Entrépreneur and LA Tribune. Her greatest passion is to help others grow their business.
Connect with Dannella for more information and for free gifts.
Website: https://dannella360.com/
Website: https://speakersneedtospeak.com/
Facebook: https://www.facebook.com/dannellaburnett/
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