Transition planning for your business, your family, and yourself.
You have spent decades, doing whatever it took, to build your business into something that you are proud of and that supports your family and your employees.
You have built a loyal customer base that appreciates the value you provide.
You are appreciated in the community and industry for what you have created.
The next generation of leadership is growing into their roles.
Yet ----- After all your efforts are you going to throw it all away?
"After all your efforts are you going to throw it all away?"
Baby Boomers, ages 56 to 75, own two-thirds of the privately held businesses in in North America, representing an estimated $10 trillion of value.
Whether you plan to retire or not, if you are a Boomer business owner, the reality is you have less than 14 years remaining before you voluntarily or involuntarily cease to be the driving force of the business.
Will your business survive without you? Will it thrive? Will you and your heirs be the benefactors of life-changing wealth? What will you do the first day, weeks, month, or years of your retirement?
Consider:
- One-third of family businesses survive through the second generation.
- One-fifth of businesses on the market end up being sold.
- Three-quarters of business owners have no formal transition team.
- Four-fifth have no written transition plan.
- Half have done no planning at all.
- Most business owners have no formal life-after-business plan.
- Many of those who exit their businesses “profoundly regret” that decision within the first year.
How do you avoid such a terrible outcome?
Take personal responsibility for the next stage in your lives journey and personal growth.
Leaders who work simultaneously on the transferability of their business (business succession planning); their personal and family wealth picture (financial, tax and estate planning); and the questions of who they will be and what they will do when they are no longer leading their business are those who successfully transition the business to family members, employees and the best possible strategic or financial buyer at the right price, and successfully enjoy personally a new phase of their life and purpose.
It is time to create and implement a different kind of growth plan?
A combination of expertise and experience in legal, tax, accounting, wealth, sell-side advisory along with a personal coach and a peer-to-peer group of founder, entrepreneur and executives who have already or are about to travel a similar personal path with the knowledge of you, your business, your best personal interests and the path to continued growth, can make all the difference in ensuring the continuation of the business and unlocking for you and your family the value you have created.
Where do you start? Request our business valuation guide.
This free e-book we will explore:
- Preparing for a valuation.
- Valuation methodologies.
- Valuing intangible assets.
- Valuation mistakes to avoid.
- Price and or value
- An exclusive offer to receive your confidential custom business valuation at our expense.
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