Are you prepared to navigate the defining phases of your business growth?
Are you counting on your business to provide you with retirement income?
How do you monetize your business for full value?
Do your business have liquidity, and can you easily access it?
Every business owner needs advice to navigate the opportunities and pitfalls that lay ahead.
Perhaps you've been too busy working inside your business, rather than focusing on your growth plan for it.
Do you have a clear strategy for growing your business value?
How are you preserving your business value?
Is there a clear plan to transfer your business interest at retirement?
Have you safeguarded your family's financial situation?
There are opportunities and pitfalls that we can guide you through.
Every business owner needs advice to navigate the opportunities and pitfalls that lay ahead. Perhaps you've been too busy working inside your business, rather than focusing on your growth plan for it. If you are concerned about these issues, you're not alone.
The personal financial health of small business owners is affected by your navigation choices.That is why we call them decision points. All businesses go through successive phases.Each phase is distinct, and has no set time frame.
What is the current phase of your business?
Start-up• Long hours, few key players and multiple roles• Excitement and innovation• Little revenue and significant expenseGrowth• Growing profit and revenue• Increase in clients or customers• Increase in business staff, managers and delegation of tasks• Financial resource access is greaterMaturity• Stability of profits and cash flow• Loyal customers and a stable market• Large staff, refining systems procedures• Tax burden increaseRejuvenation/Transfer• Considerable business worth• Changing owner's role• Management strength exists, separate from departing owner
During each phase outlined below, there are certain crucial issues that business owners face.
How your business navigates these issues can make the difference between profit and loss, and even between the survival or closure of a business.
What are these crucial decision points?
Start-up• Sufficient capitalization of the business• Utilizing safeguards to protect the owner’s family• Protecting the business from liability and property damageGrowth• Providing benefits to recruit and retain essential, key people• A plan for against the unexpected departure of an owner or other key people• Systems and procedures in place for efficient financial controlsMaturity• Retirement future of owners adequately addressed• Development of the "strength of the bench" for management• Refining the estate and business succession plans of the ownerTransfer of business / Rejuvenation of business• Sufficient financial resources and clear plans to carry out transfer or rejuvenation of business
Talk to us about financial strategies for the future of your business, tailored to your needs and goals.
We're familiar with options you may not have thought of to assist your expansion.
We can guide your financial transition plan to gradually prepare for the next leadership.