The $7M Business That Sold for $40M, with Thomas Hull
If one person disappeared from your business tomorrow, would it be affected financially? If the answer is yes, you have a key person — and most owners have no plan for it. In this episode, Martin Ochwat and Greg Rozdeba sit down with Thomas Hull, a fourth-generation advisor at Hull Life Insurance, to explain key person insurance: what it is, who needs it, what it costs, and what happens to a business when the person it can't run without is suddenly gone. Thomas shares a real case — a West Coast hospitality owner who died of pancreatic cancer, whose $7 million business survived on the…
The skinny
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