Most retirement advice was built for someone with one paycheck and one employer, not a business owner juggling fluctuating cash flow, a business that's hard to value, and a possible exit down the road. In this episode, I walk through a six-step framework for balancing what you invest in your business with what you build outside it, including a worked example using a free calculator.

In this episode:
- Why traditional retirement advice doesn't fit business owners
- Why a personal safety net outside your business comes first
- The two types of business owners, and why it changes your plan
- How to run the numbers and find the gap between where you are and where you want to be
- The three levers for closing that gap: more time, more money, and more value

FULL ARTICLE: https://deepriverwealth.com/retirement-planning-business-owners/

RESOURCES:
Learn more / reach out: https://deepriverwealth.com/
FREE 15-minute Business Valuation Estimate: https://deepriverwealth.com/business-valuation-assessment/
Founder Freedom Calculator: https://calc.deepriverwealth.com
Essential Questions to Ask a Private Equity Buyer: https://deepriverwealth.com/essential-questions-for-pegs/
My book, The Entrepreneurship Trap: https://deepriverwealth.com/books/
Podcast page: https://www.foundermoneypodcast.com/

GOT A QUESTION? CALL IN.
I'd rather answer your question than guess at what's on your mind. Call 1-800-231-7960 and leave a voicemail with your first name, the town or state you're calling from, and your question. Keep it general, and please don't leave private personal details you wouldn't want made public. Don't be shy — call in and let's think it through together.

SOURCES:
[1] SCORE. "The Current Rise in Small Businesses Being Sold Over the Next 10-15 Years." Cites that only 20–30% of businesses that go to market actually sell. https://www.score.org/princeton/resource/blog-post/current-rise-small-businesses-being-sold-over-next-10-15-years

[2] U.S. Bureau of Labor Statistics, Business Employment Dynamics program. Establishment survival data shows roughly 1 in 5 (about 20%) new businesses fail within the first year, and roughly half fail within five years. https://www.bls.gov/bdm/ and https://www.bls.gov/opub/ted/2024/1-year-survival-rates-for-new-business-establishments-by-year-and-location.htm

[3] Warrillow, John. Built to Sell: Creating a Business That Can Thrive Without You, and The Value Builder System™ research on business-owner psychographic profiles. The script's "craftsman" and "freedom fighter" categories correspond to Warrillow's published "master craftsman" and "freedom fighter" owner types. https://builttosell.com/

DISCLOSURES

Advisory services offered through NewEdge Advisors, LLC, a registered investment adviser. This material is for educational and informational purposes only and is not intended as personalized financial advice. The strategies discussed may not be suitable for everyone. DeepRiver Wealth does not provide tax or legal advice. Please consult a qualified tax or legal professional regarding your specific situation.

Advisory services are only offered to clients where NewEdge Advisors and its representatives are properly licensed or exempt from licensure. Past Performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by NewEdge Advisors unless a client service agreement is in place. Guest opinions, if any, expressed in this episode are those of the guest and do not necessarily reflect the views of DeepRiver Wealth or NewEdge Advisors, LLC. The content of this episode is developed from resources believed to be providing accurate information; however, neither DeepRiver Wealth nor NewEdge Advisors, LLC, guarantees the accuracy or completeness of any information obtained from any third party, including guest-provided biographical or business details. The information in this material is not intended as tax, legal, or financial advice.

This show includes a listener call-in segment. By leaving a voicemail, callers consent to having their message played, in whole or in part, on the show. Leaving a message does not create a client or advisory relationship, and any responses provided on air are general in nature and not personalized advice. Callers should not include private, personal, or confidential information in their messages.