Selling Your Business 101: Expert Advice from Wealth Manager James Schramm

Trusted with Blake Johnson, Episode 12

In this episode of the Trusted Podcast, your host, estate planning attorney, Blake Johnson, speaks with James Schramm, Certified Exit Planning Advisor with Raymond James.

Tune in to the episode to hear about:

* James’ career journey and the importance of preparing for business exits early

* Distinctions between wealth managers and financial advisors, highlighting the comprehensive approach wealth managers take in serving high-net-worth individuals and their families

* Key myths in wealth management and business exits are addressed, such as the misconceptions surrounding the need for secrecy in investments and the challenges of selling a business

* The importance of understanding personal and business financials, including expenses, profits, and the significance of having a clean profit and loss statement

* Insights on industry trends, including the rising prominence of private equity and the value of businesses with recurring revenue

 * Practical advice for individuals and business owners seeking to optimize wealth management and business sale outcomes

Learn more about James Schramm:

 * Visit James’ business website: https://www.raymondjames.com/schrammfinancial

 * Connect with James on LinkedIn: https://www.linkedin.com/in/schrammfinancialgroup

 * Visit James’ YouTube channel: http://www.youtube.com/@TheSellOuts-SchrammFinancial

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About the Trusted Podcast:

In each episode of the Trusted Podcast, Blake Johnson, managing partner at Trusted Estate Planning Attorneys, interviews professionals in different areas of life that you need as a trusted source of information, including trust and estate planning. You can trust this podcast to provide information on estate planning and related fields.

 

Watch or listen to more episodes of Trusted:

 * Website: https://trustedepa.com/podcast/

 * YouTube: https://www.youtube.com/@trustedestateplanningattor349

 * Apple: https://podcasts.apple.com/us/podcast/trusted-podcast/id1481377757

 * Spotify: https://open.spotify.com/show/2asi0OtFFvl7YCkdNqhqLL

 

Connect and learn more from your host, Blake Johnson:

 * Connect with Blake on LinkedIn: https://www.linkedin.com/in/estateplanningattorneylasvegas

 * Follow Trusted Estate Planning Attorneys on LinkedIn: https://www.linkedin.com/company/trustedepa

 * Follow Trusted Estate Planning Attorneys on Facebook: https://www.facebook.com/trustedepa

 * Read Blake’s bio on his website: https://trustedepa.com/meet-our-attorneys