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The Family Biz Show

Jun 2, 2021

Ep 34 – Advanced Exit Planning for the Family Business 

We’ve got another great show for you! Listen as Josh Patrick & John Brown discuss advanced exit planning for the family business. 

Josh and John will be focused on the following: 

  • What is business exit planning anyway and why does it matter? 
  • How John Brown identified exit planning as a need for family business and what’s changed over the last 25 years. 
  • Why are business owners not interested in business exit planning, but always interested in increasing business profit? 
  • How to identify a PERMA-5 and why it’s so dangerous. 

This Weeks Guests: 

Josh Patrick 
Founder; The Sale Ready Company* 

 Josh calls himself a ”forever student”, an entrepreneur and a curious observer of life. Here’s the roll of honor: Certified Financial Planner ®, Certified Financial Transitionist ®, a Chartered Financial Consultant ®, Chartered Life Underwriter ®, Contributor to the New York Times’ ”You’re the Boss” blog. Written for American Express Open,, and Huffington Post, Josh still consults with businesses he cares about, and spends as much time as he likes riding his bike, skiing and watching Grateful Dead concerts (100 and counting). 

John Brown 
Founder; Business Enterprise Institute* 

John started his career in Exit Planning 30+ years ago as an estate-planning attorney. He created The BEI Seven Step Exit Planning Process™ and successfully tested it on hundreds of his own business-owner clients. In 1990, he wrote How to Run Your Business So You Can Leave It in Style and in 2008 wrote Cash Out Move On: Get Top Dollar—and More—Selling Your Business. With hundreds of thousands of copies sold, John is the No. 1 selling author on Exit Planning for business owners. In 2016, John released his newest book, Exit Planning: The Definitive Guide, which lays out the steps business owners must take to achieve all of their aspirations as they exit their businesses. John started BEI in 1996 for the express purpose of helping owners benefit from their lives’ work by supporting business advisors who share the same vision. 


Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp.   Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. 

Family Wealth and Legacy LLC is not an affiliate of Lincoln Financial Advisors Corp. 

*Not affiliated with Lincoln Financial Advisors Corp.