{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Why 80% of Businesses Never Sell - Adam Ko\u00f3s on the Grow Your Business and Grow Your Wealth Podcast","description":"  In this special episode share, Adam Ko\u00f3s, joins Gary Heldt as a guest on the Grow Your Business and Grow Your Wealth Podcast  for a wide-ranging conversation on fiduciary responsibility, business exit planning, and the hidden risks business owners face when they wait too long to plan.   Adam shares his personal journey from pre-med to finance, why he launched Libertas at age 25, and how his mission evolved into helping business owners protect and eventually monetize their life\u2019s work. Together, Gary and Adam explore why 80% of business owners\u2019 net worth is tied to their company \u2014 yet 80% of businesses never sell, dissolving instead.   This episode offers a candid, educational look at the realities of exit planning, advisor incentives, and what business owners should be thinking about years before a sale \u2014 straight from a conversation where Adam is on the other side of the mic.  &amp;nbsp;   Episode Timestamps   00:00 \u2013 Adam\u2019s background and early career influences 02:00 \u2013 From pre-med to finance and founding Libertas Wealth 04:00 \u2013 Why Adam is passionate about saving people from bad advice 07:00 \u2013 What \u201cfiduciary\u201d really means (and what it doesn\u2019t) 09:00 \u2013 How commissions create hidden conflicts of interest 12:00 \u2013 Fee structures, hedge funds, and incentive problems 16:00 \u2013 Tax-efficient strategies and DSTs explained 18:00 \u2013 Why most business owners wait too long to plan their exit 20:00 \u2013 The reality behind the 80% failure-to-sell statistic 22:00 \u2013 What real exit planning involves 24:00 \u2013 Why buyers don\u2019t want to \u201cbuy a job\u201d 26:00 \u2013 Adam\u2019s advice to business owners in their 50s     Key Takeaways   \ud83d\udca1  Adam is interviewed as a guest on another podcast, sharing his exit-planning perspective\ud83d\udca1  Exit planning must begin years before a sale \u2014 not months\ud83d\udca1  Fiduciary status matters more than most people realize\ud83d\udca1  Conflicts of interest are often built into compensation models\ud83d\udca1  Business value is created intentionally, not accidentally     Key Quotes from Adam Ko\u00f3s   \ud83d\udde3  \u201cIf you\u2019re not a fiduciary all the time, you\u2019re not a fiduciary.\u201d\ud83d\udde3  \u201cYou can\u2019t wait until you\u2019re ready to sell to start planning to sell.\u201d\ud83d\udde3  \u201cMost business owners don\u2019t fail \u2014 they just wait too long.\u201d\ud83d\udde3  \u201cBuyers don\u2019t want to buy a job. They want to buy a business.\u201d     About This Episode Share   This episode features Adam Ko\u00f3s appearing as a guest on The Grow Your Business and Grow Your Wealth Podcast.&amp;nbsp;We\u2019re sharing it here with the Elevate community because the conversation directly aligns with our mission: helping business owners build stronger, more valuable, and more transferable businesses.     Connect with Adam Ko\u00f3s   LinkedIn:  https:\/\/www.linkedin.com\/in\/adamkoos  Libertas Wealth:  https:\/\/www.libertaswealth.com     Connect with Elevate   Website:  www.elevateandexit.com  YouTube:  https:\/\/www.youtube.com\/@elevateyourbusinesspodcast Facebook:  https:\/\/facebook.com\/elevateandexit Instagram:  https:\/\/www.instagram.com\/elevateandexit Threads:  https:\/\/www.threads.com\/@elevateandexit LinkedIn:  https:\/\/www.linkedin.com\/company\/elevateandexit Twiiter:  https:\/\/x.com\/ELEVATEandEXIT Tiktok:  https:\/\/www.tiktok.com\/@elevateexit2 Youtube:  https:\/\/www.youtube.com\/@elevateyourbusinesspodcast email: info@elevateandexit ","author_name":"The Elevate Your Business Podcast with Adam Koos","author_url":"https:\/\/sites.libsyn.com\/508073","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/39443490\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/39443490"}