We’ve developed a straightforward strategy that any business owner can employ to strengthen your financial position, provide your employees with attractive benefit plans, and build transferable value if and when you contemplate selling the business to a prospective buyer.
Business Owner Roadmap
The steps are clear and simple
GET ORGANIZED
• Understand how financial decisions in your business and personal life intersect.
• Set priorities for what matters most.
CREATE A PLAN
• View the optimal route for reaching your desired financial destination.
• Identify potential hazards and opportunities across both business and personal domains.
• Engage the most efficient and insightful team of advisers.
EXECUTE THE PLAN
• Clear away any obstacles to progress.
• Stick to your priorities.
• Apply financial resources where needed.
REVIEW YOUR PROGRESS
• Set benchmarks and rewards for achievement.
• Fine-tune your focus as new circumstances arise.
• Replace any inefficiencies.
• Adjust your allocation of time and resources, as needed.
ARRIVE
• Achieve your financial goals.
• Create a new destination.
What Does Transferable Value Mean to Your Business?
Transferable value is a critical metric to evaluate what a business is worth to a potential buyer with or without you, the original owner, present.
It is important that you build as much transferable value as possible throughout the life of your business, to prepare for that day when you decide to step aside and pass it along to someone else.
But what are the key drivers of transferable value and how do you accomplish them?