Chris Snider, CEO, and President of Exit Planning Institute is an award-winning author and creator of the Value Acceleration Methodology. He recently sat down with two members of the exit planning community to share his thoughts, insights, and ideas with the community.
Walking to Destiny with Chris Snider
I met author Chris Snider at Exit Planning Institute meeting here in San Diego. As I listened to him speak, everything he was saying resonated with me personally and professionally. How many of you reading this blog entry have businesses and are making an effort to build the value in the business, but it seems to be a struggle? Believe me, this is not uncommon, it happens more than most business owners think. Dealing with the challenge of building value in your business, not just working for an above average salary with nothing left in the end to sell.
In Chris’s new book “Walking to Destiny-11 Actions An Owner Must Take to Rapidly Grow Value & Unlock Wealth” he points out the reasons why business owners don’t build value, and the solutions to building great value in your business. Chris is the designer of a process called the “Value Acceleration Methodology” which is the formula that he developed and can help any business owner build value, and sell their business when they decide to transition for a value that they expect and are happy with.
In order to give you even more ways to make understanding money in your small business “financially simple,” we have started this podcast. The goal of my first small business podcast series is to take you through the life of a successful small business – how to start, build, and ultimately how to sell a business… for a profit. In my years as a financial advisor and business coach, I have seen many common trends – some of unsuccessful and others of successful businesses. I will talk about both (and other topics in between) in easy-to-understand, simple terms. I want you to understand how your business can work for you, not the opposite.
Chris Snider is a Certified Exit Planning Advisor, author of Walking to Destiny a guide for Business owners, CEO of Aspire Management, and President of the Exit Planning Institute. Justin talks to Chris about the Exit Planning Institute, the ins and outs of Exit Planning, valuing your Business, and more.
About Exit Planning Institute:
The Exit Planning Institute (EPI) is an education company that provides exit planning education to advisors and middle market business owners. We view exit planning as a strategy, not an event.
EPI leads the professional services profession with the best industry content, ongoing support, and owner education platform, all of which align with our mission: Change the outcome.
Only 2 out of every 10 businesses that come to market actually sell. We want to increase the number of saleable businesses.
Only 30% of family businesses successfully transition to the second generation, only 12% transfer to the third, and the success rates diminish from there. We want to improve those intergenerational transitions.
Of those that succeed in the sale of their business, 75% experience “profound regret” within one year of exiting their business. We want to understand why and create strategies that achieve profound success, wealth, and satisfaction.
EPI is an education company, powered by an elite community of top advisors and owners, all focused toward creating a valuable, transferable future for the business marketplace.