{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Number","title":"The Two Numbers Every Business Owner Should Know","html":"","width":"100%","height":180,"duration":971,"description":"Most business owners can't name two numbers that shape their entire exit: what the business is worth today, and what it needs to be worth to fund the life they want after they sell. In this episode, Wendy and Kelsey break down why both matter, why rules of thumb like the 4% guideline don't tell the whole story, and how knowing your numbers turns a surprise offer into a clear yes or no. It's a practical look at planning the gap between where you are and where you need to be.\nIn This EpisodeThe two numbers every owner should know: what the business is worth, and what it needs to be worth to fund life after the saleWhy the 4% rule and other rules of thumb fall short when you're figuring out your real after-business incomeWhat a \"second bite of the apple\" is, and how selling a stake now can pay off later at a higher valuationWhy the number in a letter of intent rarely matches the final closing number, and what sets apart the owners who get full valueHow knowing your numbers turns an unsolicited offer into a decision you can make on the spotWhat a roll-up is, and why being the most prepared business on the block changes your bargaining power\nFeatured Quote\"It gives you so much power in negotiations, because you're so sure of what your basement number is, and everything above it is gravy.\"\n — Wendy Brookhouse\nAbout the HostsWendy Brookhouse is the founder and chief strategist at Black Star Wealth and a Certified Financial Planner with over 20 years of independent advisory experience. She works with entrepreneurs and business owners to build financial clarity, business value, and wealth that lasts.Kelsey MacAulay is the Chief Operating Officer and Chief Relationship Officer at Black Star Wealth, and a Certified Exit Planning Advisor. He works with business owners on the operational and strategic side of building a business worth transitioning.\nResources & LinksThe Value Builder e-book referenced in this episode is available by request. Send Wendy a note and she'll get...","thumbnail_url":"https://img.transistorcdn.com/D12ba7JW-PGdd44Wu708yaH4zadpc44rOFn3Sk95kkU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8zOThh/NWY5NjRiNTlkZjEw/YjRlZjRjNmQ1ZTI1/ODI5Ni5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}