S4E38 - Darryl Lyons- Lower Taxes with Smart Exit Planning

Are you a small business owner looking to eventually sell your business? Believe it or not, most small business owners won’t get what they ask for. However, if you take the right steps up front, you can better position yourself for a higher exit and at the same time, reduce your tax burden. In this episode, my guest talks about strategies small business owners can apply to set themselves up for a better exit and life after selling their venture. Please welcome Darryl Lyons Key Timecodes (00:51) - Show intro and background history (03:05) - Deeper into his background history and business model (04:02) - How business owners can prepare for an exit (06:02) - Understanding his business strategies (09:24) - Deeper into his business model (09:49) - Understanding his tech business model (11:20) - How entrepreneurs can reduce the taxes impact (16:42) - Did he recommend his clients to invest in real estate? (18:06) - A big lesson learned from a mistake or business nightmare (20:55) - A key takeaway from the guest (22:34) - What is the worst advice he ever received (23:04) - What is the best advice he ever received (24:01) - 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