Staying on Track

Selling Your Business the Right Way: What Every Owner Should Know Before an Exit

Thinking about selling your business someday? Whether that timeline is two years away or still a distant idea, understanding the exit process early can make a massive difference in the value of your company and the success of the transition. In this episode of Staying on Track, Jason Beisel, CFP® and founder of DayMark Wealth Partners, sits down with special guest JT Harp, President and CEO of Transworld Business Advisors in Greater Cincinnati, to discuss what business owners should know before taking their company to market. Together, they break down the real-world process of selling a small to mid-sized business—from valuation to buyer negotiations—and share insights that many owners don’t discover until it’s too late. In this episode, we discuss: * How business owners can determine what their company is truly worth * The role of a business advisor or broker in the selling process * Common mistakes owners make when preparing to sell their business * How confidentiality is maintained when a company goes to market * What buyers are really looking for in small and mid-sized businesses * Why planning your exit strategy years in advance can dramatically increase value * The importance of assembling the right advisory team before a sale For many entrepreneurs, their business represents the largest financial asset they’ll ever own. This conversation provides practical insights and expert guidance to help business owners maximize value, protect their legacy, and prepare for what life looks like after the sale. If selling your business is even a remote possibility in the future, this episode will help you start thinking about the process today—so when the time comes, you’re fully prepared. Tune in and stay on track.

The Exit Equation: 11 Questions Every Business Owner Should Ask Before Selling

Thinking about selling your business? Whether your goal is freedom, legacy, or a fresh start, your next move could be one of the most important financial decisions you’ll ever make. In this episode of Staying on Track, Jason Beisel, CFP® and founder of DayMark Wealth Partners, walks through the 11 essential questions every business owner should ask before planning their exit — and how the answers can shape your future both financially and personally.  In this episode, you’ll learn: * How to determine your company’s true value — and why different buyers may see it differently. * What to expect when selling to competitors, private equity, or strategic partners — and how each can impact your team. * The pros and cons of earnouts and why timing matters. * Smart ways to reduce taxes and maximize your after-sale proceeds. * How to protect confidentiality during negotiations. * What your life after the sale could look like — and how to plan for it intentionally. Why listen: If you’re planning to sell your business in the next five to seven years — or just want to be prepared for when opportunity knocks — this episode offers real-world insights, practical strategies, and candid advice to help you make confident, informed decisions.

Raising Money-Savvy Kids: Practical Ways to Teach Children About Finances

What if your child could grasp the value of a dollar before they hit their teens? In this episode of Staying on Track, brought to you by DayMark Wealth Partners, Certified Financial Planners Jason Beischel and Justin Fitchko dive into one of the most important life skills we can pass on: financial literacy for kids. Whether you're a parent of toddlers or teenagers, this episode will arm you with smart, age-appropriate ways to teach your children about money—without the lectures or eye-rolls. Here’s what we cover in this insightful episode: * Building Early Financial Habits: Tools and tips like the “Spend-Save-Give” bucket method, allowance apps, and paying “interest” to incentivize saving. * Making Money Lessons Fun and Engaging: From Monopoly to the Cash Flow game, discover playful and natural ways to introduce money concepts through everyday life. * Fostering Independence and Responsibility: Learn how to encourage smart decision-making, delayed gratification, and entrepreneurial thinking from a young age. Why this episode matters: This isn’t just a conversation—it’s a toolbox. You’ll walk away with actionable ideas that can help instill lifelong financial habits in your kids, encourage independence, and spark their interest in managing money wisely. Whether you're struggling with impulse spending at Target or want your child to understand investing basics, this episode is packed with tips to help.

#13 The Sandwich Generation: Navigating Care for Aging Parents

In this episode of Staying on Track, we dive into one of the most challenging aspects of financial and life planning — supporting aging parents while managing your own busy life. Host Jason is joined by Ken Phelan, owner and president of Sterling Nursing Services, who shares invaluable insights from his experience providing skilled, in-home healthcare. If you’re part of the Sandwich Generation — those balancing care for children and aging parents — this episode is a must-listen. Topics Covered: * The Sandwich Generation: Challenges of balancing care for both children and aging parents. * Understanding In-Home Care Options: From non-medical aids to skilled nursing services. * Creating a Care Plan: Practical steps to identify family point people and coordinate responsibilities. * Benefits of Professional Care: Enhancing quality of life and extending lifespan by staying at home. * Proactive Planning: Identifying risks, adjusting homes for safety, and ensuring consistent communication with healthcare providers. * Emotional Aspects: Respecting parents’ wishes, communicating effectively, and making compassionate decisions. Whether you're already navigating this complex terrain or preparing for the future, you'll walk away with practical advice and actionable strategies to help your loved ones live comfortably and safely. Tune in and empower yourself to confidently face the challenges of caregiving.

#12 2024 in Review: Highlights from Staying on Track

Welcome to Staying on Track, the podcast dedicated to helping you master your financial future with expert insights, real-life stories, and actionable advice from the team at de Mark Wealth Partners. In this episode, we’re diving into our first 11 episodes—a rich collection of guidance designed to empower you at every stage of your financial journey. Here’s what you can expect in this episode: A quick recap of key insights from each episode, such as: * Navigating the Sandwich Generation: Managing dual financial plans for aging parents and young children. * Intentional Giving: Aligning charitable contributions with your passions and financial goals. * Planning for the Unexpected: Preparing financially for life’s curveballs like Black Swan events. * Money Matters in Marriage: Building financial harmony with your partner. * Franchising 101: Turning your entrepreneurial dreams into reality with actionable tips. * Empowering Independence: Tools and inspiration for thriving in the face of disabilities.