In this episode Paul Visokey shares his journey of starting Stony Hill Advisors in 2010 and provides insights into how he helps small business owners prepare for and execute successful mergers and acquisitions. The discussion delves into the importance of succession planning, making businesses independent, and ensuring smooth transitions for employees. Paul emphasizes the need for advanced preparation, ideally over a thousand days, to address potential issues and maximize business value. The conversation also highlights the human-centric approach Stony Hill Advisors takes, focusing on both business and personal readiness of the owners for retirement and the future.

Episode Highlights:

02:26 The Importance of Succession Planning

03:44 Challenges and Solutions in Business Transitions

06:43 Ideal Clients and Market Focus

08:37 Preparing for a Successful Business Exit

09:34 The Thousand-Day Transition Plan

14:00 Real-Life Success Stories

19:18 Building Relationships and Marketing Strategies

Paul Visokey, CEO of Stony Hill Advisors, brings a wealth of experience in M&A advisory, business valuations, and exit planning for small businesses. With a background in marketing, business development, and IT from roles at ROLM, IBM, and Nuance Communications, he blends practical sales knowledge with technical expertise. Paul's Electrical Engineering, Computer Science, and MBA degrees drive his strategic approach, ensuring maximum value for clients. Certified in M&A, business brokerage, and value building, Paul coaches business owners to achieve optimal outcomes. Outside of work, he enjoys golf, bridge, and time with his family in Stamford, CT.

How to connect with Paul:

Website: www.stonyhiilladvisors.com

LinkedIn: https://www.linkedin.com/company/1149854/admin/dashboard/

For more insights:

Follow me on my YouTube Channel: https://bit.ly/47GgMdn 

Sign up for my Weekly Newsletter:  https://bit.ly/3T09kVc

Sign up for my LinkedIn Newsletter: https://bit.ly/49SmRV3