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 Planning Matrix
The Succession Planning Matrix
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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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.
