A giant swing into exit strategies
The Cornwall Chamber of Commerce has teamed up with Brooks Financial Planning to launch a brand-new video series:
👉 Don’t Fear Your Finances
It’s where I, John Brown (self-confessed wimp), sit down with financial expert Adam Brooks to tackle the financial questions people fear the most… all while facing our (my) own fears with adrenaline-fuelled stunts.
And what better way to kick off the series than with a giant swing over a ravine?
Episode 1: Should You Fear Exiting Your Business?
In this first episode, we face the swing and ask the big question: what do business leaders need to know when thinking about exiting their business?
Key Takeaways from Adam
- Know your why – Are you exiting for retirement, to cash in on years of work, or to pass on a legacy?
- The inheritance tax challenge – Passing a business to the next generation now comes with much heavier tax burdens. What once was exempt can now face up to 40% tax
- Selling vs passing down – With tax implications in mind, many business owners now look at selling outright as a more attractive option.
- Private equity opportunity – Huge amounts of private equity cash are chasing good-value businesses. If your numbers stack up, this could be an option.
- Get your business exit-ready – It’s not just about the final sale price. Strong cash flow, pensions, corporate investments, and tax-efficient planning can all add value to your future
Watch the Episode 🎥
Join us as we swing (literally) into the unknown and show that while finances might feel scary, they don’t have to be feared.
