Business Owners
Serving the financial needs of business owners for more than a combined 50 years fosters the understanding your business is your life. Pouring every ounce of your energy creates more than an organization where people simply work. Employees become close as family and your company grows into a community pillar. Ensuring the financial needs of you and your family are met, while simultaneously making sure your employees are in good hands as you decide to step away can seem like a daunting task.
Studies indicate that 75% of business owners profoundly regret selling their business after only one year. The main culprit: insufficient preparedness, both personally and financially and/or their business was not ready.1
- Are Inside Exit Options better than Outside, is an ESOP the most tax advantageous route, can my family manage this business, should I consider a Private Equity partner, or sell a portion or majority stake to a Strategic Buyer? Two thirds of owners are unaware of all the succession options, and which may be the best for their organization and goals.
- What are my Wealth and Profit Gaps and how do I close them?
- What are Attractiveness and Readiness Scores, what are mine, and how do I improve them?
- What is my business worth, what is the range of multiples in which my industry trades, how do I become a Best-in-Class organization?
These are only a few of the questions that business owners should be considering, regardless of whether succession planning has entered your mindset. “Exit planning is good business planning.” As a Certified Exit Planning Advisor™ we will not only guide you through the various stages of Exit Planning but work alongside your other trusted advisors to ensure you make educated decisions that are in your best interest.
1. Christopher Snider, Walking to Destiny