Personal Financial Planning – Credit Continuity

5 Succession Misconceptions & How They Impact Business Value – #4 I’m Too Young to Think About Succession Planning

2019-11-15T12:23:39-06:00By |Succession Blog, Succession Misconceptions|

Misconception #4 - I'm Too Young to Think About Succession Planning Translation: “I am bulletproof and have no intention of dying prematurely; I am not interested in enhancing business productivity, profitability and teamwork; the business is all about me; and I am not interested in protecting the value of my business and the welfare [...]

5 Succession Misconceptions & How They Impact Business Value – #3 Succession Planning and Business Growth Aren’t Related

2019-11-15T12:20:00-06:00By |Succession Blog, Succession Misconceptions|

Misconception #3 - Succession Planning and Business Growth Aren't Related Succession planning is not about you leaving the business; it’s about building a foundation of success today that will set the course for future generations. Your organization may be in 'growth mode' so you’ve put succession planning on the back burner. But growth without [...]

5 Succession Misconceptions & How They Impact Business Value – #2 Succession Means Retirement Planning

2019-11-26T13:39:31-06:00By |Succession Blog, Succession Misconceptions|

Misconception #2 – Succession Planning Means Retirement Planning Succession planning often fuels a myriad of emotions. “No one is gonna push me out!” “Succession, that’s all about retirement, and I’m not going anywhere anytime soon!” “I like control; I’m not giving it up!” While all of these are valid emotions [...]

5 Succession Misconceptions & How They Impact Business Value – #1 I’m All Taken Care Of

2019-11-26T13:38:36-06:00By |Succession Blog, Succession Misconceptions|

Misconception # 1- “I’m All Taken Care Of “I have it all done.” “My estate and exit strategy are in order.” “My attorney and CPA have me covered.” These are beliefs are commonly expressed by many business owners. While there may be confidence and truth behind these statements, what the [...]

As Seen in Multi-Unit Franchisee Report – Are You Prepared For The Unexpected?

2019-11-19T07:41:16-06:00By |Succession Blog|

We never want to consider the loss of a family member, much less anything happening to us as a business owner.  Unfortunately, when the unexpected happens, and the proper planning has not been done, the family and the business are left scrambling.  Even though everything may seem like it’s going well now, it’s imperative [...]

As Seen in Multi-Unit Franchisee Report – Determining Value Is More Important Than Operational Efficiency

2019-12-23T11:58:16-06:00By |Succession Blog|

Succession planning covers a broad range of subjects which may be broadly categorized by legal, financial, and people. Each of these many facets of succession are intimately woven together, interdependent upon each other's outcome. Each of these can be broken down into 10 interdependent subsets. Based on your unique business scenario and your perspective [...]

As Seen in Automotive Buy Sell Report – The Devil Is In The Details: Common Estate Planning Mistakes Made By Dealers

2019-12-23T11:44:41-06:00By |Succession Blog|

Business owners spend a great deal of time and money developing an estate plan in an effort to protect their family and business. Intentions are good with clients but there is often a lack of understanding regarding the potential downside of their decisions that may have been done without the advice of experts. Click [...]

As Seen in Multi-Unit Franchisee Report – Suspended In A State Of Succession Planning Limbo

2019-11-19T08:03:55-06:00By |Succession Blog|

The majority of owner’s we interact with are in what Jeff Bannon refers to in this article as “Succession Limbo.” The most common reasons we see owner's "stuck" is either fear of making a poor decision or lack of clarity on planning options available to them. To provide a way out of succession limbo [...]

As Seen in Multi-Unit Franchisee Report – Worried About Your Succession Plan? So Are Your Franchisors

2019-11-26T13:00:42-06:00By |Succession Blog|

Franchisors are deeply concerned about franchisee’s lack of clarity of a succession plan and preparedness to execute one. To motivate franchisees and to protect their brand, some more seasoned franchisors have created requirements for franchisees to identify their successors who must be formally approved prior to any transition of ownership or executive management. Failure [...]

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What is Changing In the Areas of Estate Tax?

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Planning Opportunities To Take Advantage of Now

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Leadership in Uncertain Times

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