If you’re a business owner who is contemplating selling your business, you can learn valuable tips and avoidable traps in this interview with our founder and CEO Paul Carroll who was a guest on the Failing to Success podcast. In this discussion, you’ll hear how Paul’s prior experience, both in aviation and the financial sector, sparked his desire to build his own wealth management firm dedicated to helping successful growth-minded business leaders.
Paul shares insights about how to maximize the value of your business that he’s learned hands-on from more than two decades of leading Avion Wealth and through serving as a wealth manager advising business owners on their exit strategies. He reveals specific tips on how to treat personal expenses, what it means to have “clean books,” and why it may make sense to pay more taxes now for a bigger payout later.
Paul walks through real life examples of the financial risks that entrepreneurs may experience, reinforcing the need for protection of your assets (*especially if you own a plane!) along with many more aspects of a comprehensive financial planning experience. Finally, you hear why you’ll want a consultative team of experts helping you and providing essential advice, especially as you navigate the sale of your business.
00:00:25 Learn about Paul’s experience before Avion Wealth
00:04:24 Paul’s flight path to creating Avion Wealth
00:07:10 Tips and Traps business owners face
00:15:42 How Paul and the Avion team work with entrepreneurs
To request a copy of the Tips & Traps book that Paul mentions on the podcast, complete the form here: https://www.avionwealth.com/tips-and-traps/
Paul is the founder and CEO of Avion Wealth, LLC. He leads a team of wealth managers in building and executing financial plans for high net worth individuals and families. Contact Avion Wealth to speak with a financial advisor.