Month: October 2021

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75. Learn How to Grow to Exit With Laurie Barkman

75. Learn How to Grow to Exit With Laurie Barkman

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As a business owner, exit planning is something that you only get one shot at. Have you considered growth through acquisitions as an exit plan?

In this episode, Tim Scannell is joined by Laurie Barkman, founder of SmallDotBig to discuss growth through acquisitions as a means of succession and exit planning for business owners. Laurie shares her recommendations and insights into what makes a successful business acquisition.

Laurie discusses:

  • Growth through acquisitions as a way to exit your business
  • What Laurie recommends to business owners looking for a growth-to-exit strategy
  • Why culture is important when you’re finding the right fit for an acquisition
  • The history and origin story of SmallDotBig
  • And more

Connect With Tim Scannell:

Connect With Laurie Barkman:

About Our Guest:

Laurie Barkman’s bio reads, “I launched SmallDotBig to help closely-held companies grow.

SmallDotBig is a business transition advisory firm for companies in the lower middle market, helping business owners maximize enterprise value, create succession plans, and identify M&A strategies.

As an Exit Planner and Certified Value Builder™ Advisor, I enjoy developing structured plans that empower the dreams of business owners.”

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74. How to Secure a Future For Your Special Needs Child With Keith Wolak

74. How to Secure a Future For Your Special Needs Child With Keith Wolak

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Setting up a special needs trust for your child with special needs is always a tough conversation to have. But having that conversation in the first place goes a long way in easing stress about the future.

In this episode, Tim Scannell is joined by Keith Wolak, an attorney and Certified Public Accountant at Hoeppner Wagner & Evans LLP for a conversation around special needs trusts. Keith speaks about both trusts and special needs trusts, and examines the risks and benefits of each, and how they work.

Keith discusses:

  • The difference between a trust and a special needs trust
  • The variance in special needs laws in different states, and why it’s important to speak with someone in your state about the laws
  • The process of setting up a special needs trust
  • Why creating a plan and having a conversation about special needs trusts is important
  • And more

Resources: 

  1. Advanced Planning Part 2 – Asset Protection for Special Needs Beneficiaries

Connect With Tim Scannell:

Connect With Keith Wolak:

About Our Guest:

Keith Wolak, an attorney and Certified Public Accountant, focuses his practice on estate and tax matters, which includes matters relating to minimizing estate taxes through wealth transfer contingency planning, as well as addressing fiduciary appointment. Mr. Wolak is a Board Certified Indiana Trust and Estate Lawyer, certified by the Trust and Estate Specialty Board. He has counseled clients on the various ways to effectively transfer wealth, including the use of Irrevocable Life Insurance Trusts, Testamentary Trusts, and Revocable Trusts. Mr. Wolak also prepares gift and estate tax returns. His work also includes representing estates in probate.