Business - Succession Planning

Your business is a source of esteem. It is your life. You don’t want to think about the day when you will no longer be running the business. Unfortunately, there is an old saying ... "If you fail to plan, you plan to fail". It takes time to develop an exit strategy, particularly if it involves grooming a successor, so you need to start planning long before you plan to leave the business.

What many small business owners fail to realize is that their business has value that can carry on after they're gone. Often, our first task, at Transitions Wealth Strategies, is to show you that your business is not too “small” to consider succession strategies. We unlock this hidden value for you and show you that your dream can live on whether it is carried on by a family member, sold to a key employee or group of employees over time or sold outright to a third party.

Successful small business owners are extremely proficient at dealing with the here and now ... these skills built their dream. As they near their retirement years, most successful owners understand that succession planning, to ensure their business value is maximized and that the business continues to thrive, is not their best skill. These forward thinking business owners rely on our expertise to ensure a successful transition.

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