In this episode, my guest and I dive into the critical aspects of planning business exits, emphasizing the need for consistency and structure. The episode highlights the importance of preparing for exit strategies 3-5 years in advance to ensure predictability in valuation. The role of strategic planning and advisors in facilitating this process is vital. A key point is the significance of having a structured advisory board, even for small businesses, to maintain accountability and effective planning. This team, including CPAs, financial planners, and attorneys, plays a pivotal role in guiding business owners through the nuances of exit strategy, offering valuable advice on tax and financial matters to position them for a successful negotiation and minimize risks.We also explore various exit strategies, with a particular focus on the benefits of an options strategy over a single-event exit. This approach, backed by expert advice from CPAs, attorneys, tax advisors, and financial wealth advisors, aims to prevent regrets in the sale process. Dan Smit stands as a testament to the power of experience and vision in the entrepreneurial world. With a rich history spanning 25 years as a serial entrepreneur and CEO, Dan has spearheaded multiple companies within the medical billing and technology domains, successfully acquiring and integrating related businesses before making a strategic exit in 2020. His acumen for business development was honed early on during a 7-year tenure managing a business unit within a commercial collection agency. In 2021, Dan established Growth Point Partnership, further expanding his portfolio by acquiring That’s My Idea Marketing in 2022.Beyond the boardroom, Dan is a family man, celebrating nearly 26 years of marriage, and is a father to three daughters. His life in Oak Grove since 2022 is complemented by a love for biking, swimming, skiing, and travel, always cherishing moments with his family and two dogs. His ambition is fueled by a burning desire to create a comprehensive business resource organization for entrepreneurs, offering services from Fractional COO support to marketing and accounting. Dan's enduring drive and determination are the keystones of his success, inspiring his continuous journey in shaping and mentoring the entrepreneurial landscape.To learn more, visit:www.servingstrong.comListen to more episodes on Mission Matters:www.missionmatters.com/author/scott-couchenour