S4E18 - Violetta Terpeluk - The 5 Pitfalls to avoid when selling a company

A lot of entrepreneurs make the mistake of putting all their eggs in one basket. In other words, they only invest in their company and when they plan on retiring, they can’t sell their company. My next guest is a financial planner who specifically helps small and mid-sized business owners get on the right track with selling their companies. In this episode, she talks about the 5 pitfalls to avoid when selling a company, what percentage of entrepreneurs are prepared for retirement (it’s less than you think), and what actions entrepreneurs can take to make their company sellable. Please welcome, Violetta Terpeluk Key Timecodes (00:56) - Show intro and background history (03:44) - Deeper into her background history and business model (09:10) - Understanding her business strategies (11:36) - Few examples of her approaches as financial advisor (14:42) - What are the biggest regrets of business owners after exit (20:48) - Her strategies as financial advisor for parents (25:12) - Deeper into her philosophy (28:05) - A key takeaway from the guest (27:51) - What is the worst advice she ever received (30:24) - What is the best advice she ever received (31:42) - Guest contacts Payback Time Podcast A Podcast on Financial Independence. Hosted by Sean Tepper. If you want to learn how to escape the rat race, create passive income, or achieve financial freedom, you've come to the right place. Want to start investing in the stock market with confidence? 👉Join Tykr for free: https://tykr.com/   👉Investing courses: https://edu.tykr.com/  🙏Trustindex Rating (4.9/5.0): https://www.trustindex.io/reviews/tykr.com