Research shows that over 80% of owners’ net worth is in their business. Studying and modeling best-in-class businesses in your industry can help you maximize your valuation. This is why business succession planning is important. You probably know individuals who sold their business and now feel lost - their identity was in their business. Taking time to plan for your next act is essential. Knowing what will bring you and your family joy, impact and satisfaction deserves your attention sooner than later.
We work with clients to help them plan accordingly – How will you support the lifestyle you want in your next act? We can help you run scenarios based on your prioritized goals and potential net proceeds from the sale of your business.
It’s important to know what you plan to do next to determine how selling your business will help you meet those goals. We can help you define your “Wealth Gap” or, the difference between the net worth you need and the net worth you have, not including your business and determine if selling the business give you enough.
We have several Certified Exit Planning Advisors that can help you plan for the time when you will not own your business. Consider taking a step towards working with our team with the Live Well Retirement Roadmap.