Selling your Business with Confidence
David and Matthew Shields, the hosts of the Like It’s Your Job podcast, have spent most of their careers helping businesses and business leaders grow. Much like their father, Jim Shields, they were motivated by the desire to do something good.
So, for their first episode, they decided it was only fitting to bring Jim on to get new insights on his business experience and how he’s helping people today.
Jim is a serial entrepreneur, strategic investor and attorney with almost four decades of experience supporting founder-led businesses, managing complex business litigation and providing legal counsel to company buyers and sellers. He is also the CEO of The Shields Group and founder of Shields Legal Group.
According to a Guidant Financial report published in 2019, 57% of U.S. small businesses are owned by Baby Boomers who are nearing retirement. With over 30 million small businesses in the U.S., this means more than 17 million American businesses could potentially be for sale in the near future.
Jim helps these small business founders get the best value from the sale of their company. After working in their companies for so long, these companies have made a big impact on their family. However, many founders are relying on their business to fund their retirement, as well.
“They don’t work for big companies with structured 401(k)s,” Jim commented. “If they don’t have a successful exit for this company, they’re in trouble from a financial standpoint.”
Subscribe to the Like It’s Your Job podcast to follow David and Matthew as they interview successful leaders to learn more about their successes, failures and realizations.
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