Are You Prepared for the Next Stage of Your Business?

You’re a successful business owner who’s devoted all your time and effort into growing your company to be a best-in-class provider in the industry.  长时间低着头, you’ve probably never thought about what you were going to do as you approached the next stage of life.

Planning for that next stage before you actually get there can help solve many of the problems today’s business owners often face following an exit transaction.  每天打高尔夫球听起来很棒, 或者坐在湖边钓鱼, but does that really replace the daily rush you had while operating your business?

In the 最近的 State of Owner Readiness Survey conducted by the Exit Planning Institute, 75% of business owners were dissatisfied with the result of their exit transition, 交易之后.[1]  While a number of factors can contribute to this dissatisfaction, developing a plan - and adjusting that plan based on what drives you emotionally - may help you from becoming one of the statistics.  As Churchill once said, “Plans are of little importance, but planning is essential.”

许多业主考虑的是什么对今天是最好的, but aren’t necessarily giving consideration to unforeseen situations.  And planning for the unforeseen can be what helps transition a business successfully.  No one wants to contemplate what might happen to the business if you’re suddenly incapable of running it, and you most likely have key man life insurance that can help cover certain things, but do you have someone in house who can step in and keep the business afloat in your absence?.  有这样的计划, and making sure everyone involved in the plan is on board, could help your business continue to be successful during a transition period.

Developing that type of plan also presents your company as more valuable, since it’s not viewed as being solely reliant on one person to run the operation.

After all those years of working to build a respected business, you want to be able to recoup the most value out of your efforts.  提前做点计划, you just may be able to set yourself up for a better than expected payday in the future.