Succession planning: The difference between working IN your business and working ON your business!
Running a business is one of the hardest and most rewarding experiences that professionals can face. You’re wearing many hats, leading with passion, hoping for success, and hustling each day. When you’re ready to step down from the daily grind, who will take your place? What’s next for your company? What about your people? If you’re considering making a transition in your company, then you’ve come to the right spot – but don’t take our word for it.
Take our quick quiz below to find out if you should be considering succession planning at this stage of your business:
1. Does the equity in your business represent over ½ of your net worth?
2. Do you know all your options when it comes to structuring a deal to sell your business?
3. Do you know the value of your business?
4. Do you know how to close the gap between fair market value and the purchase price of your business?
5. What does like look like for you and your family if your business does not sell?
Review our answer guide below:
1. Does the equity in your business represent over ½ of your net worth?
Succession planning is critical for you!
2. Do you know all your options when it comes to structuring a deal to sell your business?
Don’t be overwhelmed by all your options. Let our team inform you about the many options of passing along your business. From mergers and acquisitions to cash injections, we can assist with any transaction.
3. Do you know the value of your business?
Let our team determine your business’s market value with our analysis and formulas.
4. Do you know how to close the gap between fair market value and the purchase price of your business?
If a proposed purchase price is lower than the fair market value, we can help you close the gap!
5. What does life look like for you and your family if your business does not sell?
Are you able to maintain the business for years to come? Do you need to dissolve the business? We can evaluate your company and offer solutions that best fit your life.
You’re invited to spend time with us from 2 to 5 PM on April 30, 2020 at Buck & Honey’s in Monona, WI. This FREE event will unveil what it means to create a succession plan from a financial, legal, and strategic point of view. We are excited to be a part of this event with Lift Consulting, LLC and Focal Point Financial Strategies.
Seats are limited, so register today: http://bit.ly/SPEndInMind. All attendees will gain a plethora of knowledge on succession planning, enjoy appetizers and cocktails, and experience great camaraderie.
Can’t make it on April 30? If you’re ready to schedule your complimentary business consultation with Grams & Christoffersen, please call 608-662-0440.