Succession Planning (ft. Tim Smith)

Tim Smith started out as a child actor and singer in New York City, then turned to business. He got the investing bug, started building his own wealth management and advisory firms, and over time became the founder of a boutique financial services platform with around 100 advisors and billions under oversight. Along the journey, he not only helped entrepreneurs prepare for their exit and long-term financial health but also became a real advocate for financial literacy, especially for creatives and the next generation through his “Financial Dad” podcast. 

 

Key themes included:

1. Preparing businesses for a potential exit
2. Understanding business valuation and market multiples
3. Challenges and strategies in succession planning
4. Managing wealth post-business sale
5. Emotional aspects of selling a business
6. Importance of tax and charitable planning
7. Entrepreneurial mindset and risk tolerance

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Tim's Email: tim@aurorapw.com 

Tim's Website: https://www.aurorapw.com 

Tim's YouTube: https://www.youtube.com/thefinancialdad 

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