family-business-succession-planning

As an entrepreneur, freedom of choice and making money are likely a few of the reasons you decided to get into business. Planning for your financial future – separate from the business – is essential to your business health and the financial wealth you desire.

  • Have you built strategies to ensure you have the future financial health and wealth you desire?
  • What about the financial foundation that will allow you to flex and be agile in times of change?

You can start planning for your personal financial goals and dreaming about how to live the life you wish without “needing” the business to make that happen.

Here are three key questions to consider as you start this part of the growth journey. Specifically, if you make the decision to sell your business or divest a portion of your portfolio:

Purposeful personal financial planning and establishing goals for your future financial wealth is a critical part of how you build strategies to grow your business. For more insight into these questions, listen to the “Grow Your Business and Net worth” episode of our Succession Palooza series focused on Succession, Growth, and Acquisitions.

Contact Us and we can help you with insights, other resources, and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business right away.

The article was originally published on the Franchising.com website: Purposeful Personal Financial Planning


Succession, Growth, and Acquisitions

Watch the video series or listen to the series on our podcast.

family-business-succession-planning

Consolidation has been a significant theme for some time now. COVID-19 created an added layer of pressure, enhancing buy-sell activity. The message across many industries is either grow or get out. In the series “Succession, Growth, and Acquisitions,” we discuss how to create options, fulfill your vision and establish control over the future you want.



Personal Financial Planning

Estate planning is a complex endeavor, especially for owners of capital-intensive complex business’. Throw active and inactive family into the mix and trying to figure out what is fair, how to provide opportunities for the next generation without enabling them, and maintain family harmony.

Click the following link for more drill-down resources on Personal Financial Planning.

In complex family and business environments, it is imperative to lean on expert legal and tax advice who specialize in the same size business and estate as you.  We are not attorneys or CPAs but know experienced advisers if you are looking for sophisticated advisory services.

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Contact Us

We can help you with insights, other resources, and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business right away.