Understanding your long-term lifestyle goals is key to evaluating the keep versus sell question. Start with your number and then work back from there. Identifying what you need/want to live the lifestyle you have worked so hard to cultivate will allow you to develop a short term plan based upon where you are today.
Champ Rawls a partner of The Rawls Group and Gina Miller who is a partner with Bennett Thrasher in their Dispute, Valuation and Forensics department discuss various nuances of VALUE.
As you listen to this episode you will walk away with key take a-ways and will realize you will want more. Click to visit the “Business Value: How to Determine and Grow Value topic page to easily access the additional episodes in the series.
Other topics discussed in the series:
- How do you define value?
- How do you increase business value?
- How do you determine business value?
- Do business owners understand their retirement needs?
- Do you think business owners generally know the value of their business?
- When should owners start planning for transition?
- What are the first steps to begin to transition the business?
The Succession Matrix: Unlocking Growth and Future-Proofing Your Family Business
Many people put off succession planning because they think it means retirement, exit, and the end. However; succession planning is just the beginning. It gives the owner options in terms of what “their next” looks like, whether that be growth, philanthropy, or a new business venture. Our process focuses are addressing 10 key areas of what we call the Succession Matrix.
Click the following link for more drill-down resources on The Succession Matrix, or check out our Facebook post.
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