Alex Murphy AAMS®, CRPC®
@PostExitPlanner
Founder Cedarwood Financial Partners. Selling your business to living your dream retirement - I help you have clarity, comfort, and confidence in your finances.
When I sit down with business owners and discuss risk, reward, growth, & freedom, it’s natural. We both know what it’s like to sign the front of the check, to build something from nothing, and to plan for what’s next. I speak the same language as business owners because I am one.
I don’t have to complain about my wife buying Starbucks every morning anymore, I choose to.
The biggest mistake? Thinking you have more time. Planning “later” is the easiest decision in the world... until it’s too late to make one. ✅ Fix: Start now, even if it’s imperfect Build simple systems, refine as you grow Compounding only works when you start early
You're a business owner with no partners making $200k/year. Do you have a retirement plan? Do you know the difference between a SEP IRA and an Owner K? The right choice isn't the same for everyone, but what are the questions you should ask?
The biggest mistake? Thinking you have more time. Planning “later” is the easiest decision in the world until it’s too late to make one. ✅ Fix: Start now, even if it’s imperfect Build simple systems, refine as you grow Compounding only works when you start early
Debt isn’t the enemy, misuse is. Too many owners take on high-interest loans for low-return projects. ✅ Fix: Match the term of debt to the life of the asset Use debt to buy appreciating or revenue-generating assets Refinance bad debt before rates climb
Bears yelling ‘we’re overdue’ like we didn’t just survive 3 bear markets in the past 5 years
It’s like they forgot about it.
Sadly the $3,000 capital loss deduction still hasn’t gotten an inflation adjustment since 1976🥲 Would be nearly $15k today
If you have a business partner and no buy-sell agreement, you’re one disagreement or tragedy away from chaos. ✅ Fix: Draft a buy-sell agreement that defines what happens if someone dies, leaves, or sells Fund it with life/disability insurance Revisit every few years
Reinvesting is good until it becomes hoarding. Many owners pour every dollar back in, chasing growth while ignoring liquidity. ✅ Fix: Set boundaries: Reinvest 70%, take 30% off the table Build personal cash + investments Profit first, expansion second
Tax season shouldn’t be a surprise party If you’re only thinking about taxes once a year, you’re probably overpaying. ✅ Fix: Meet with your CPA quarterly Use retirement contributions, deductions, and entity structure proactively Taxes aren’t just a bill they’re a planning tool
If your personal and business accounts blur together, you’ll never know what’s profitable. Mixing funds leads to messy books, tax headaches, and zero clarity. ✅ Fix: Open a dedicated business account Pay yourself a set salary or distribution Track personal spending separately
7 Financial Mistakes Small Business Owners Make (and How to Fix Them) Most small business owners work harder than anyone they know. But some are quietly sabotaging their own financial freedom. Here are 7 silent financial mistakes that kill wealth and how to fix them 👇
Many owners say, “My business is my retirement plan.” That’s risky. Only 20–30% of small businesses ever sell successfully. ✅ Fix: Start building wealth outside the business: SEP IRA, Solo 401(k), or SIMPLE IRA Contribute consistently Treat it as a non-negotiable bill
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