Planning Ahead for Business Continuity

with Dan Altom

Show Summary:

In this episode of the Wisdom and Wealth Podcast, host Josh Klu speaks with Dan Altham from Sunbelt Texas about business transactions, particularly focusing on an underserved niche within the wealth community. Dan discusses his background, the importance of business valuation, and misconceptions owners have about selling their businesses. He emphasizes the value of early planning for business exits and shares success stories where business owners found relief and opportunity through well-executed sales. Other topics include the potential for veterans to purchase businesses and the variety of creative businesses that have been successful. The podcast aims to provide clarity and support for business owners considering selling or acquiring businesses through Sunbelt Business Brokers.

Show Notes:

Understanding Business Brokerage and Exit Strategies with Dan Altham

In this episode of the Wisdom and Wealth Podcast, host Josh Klu interviews Dan Altham from Sunbelt, Texas, about his background in business transactions and the role of business brokerage in the wealth community. Dan shares his personal journey from finance to business ownership, eventually becoming a partner at Sunbelt Business Brokers. They discuss the intricacies of selling businesses, including the valuation process, misconceptions about exits, and the emotional aspects of transitioning from business ownership. Dan highlights the importance of early planning and the potential of business acquisitions as a viable entry point for aspiring entrepreneurs. The episode also touches on potential initiatives to support veteran entrepreneurship through business acquisition.

00:00 Introduction to the Wisdom and Wealth Podcast

00:12 Meet Dan Altham: Business Transactions Expert

00:54 Dan's Journey: From CPA to Business Broker

02:52 Understanding Sunbelt Business Brokers

04:14 The Business Valuation Process

05:12 Geographical Reach and Clientele

06:04 Common Challenges in Business Transactions

10:44 Traits of Successful Business Owners

18:52 Creative Business Success Stories

19:45 Closing Remarks and Contact Information