Why Have a Plan?

When you started your business, your focus was appropriately on the next sale or the next week’s overhead. Taking a vacation– or leaving your business for any amount of time was probably the last thing on your mind, and rightfully so. Now that you can spend more time enjoying the fruits of your labor, your focus turns to what comes next.

With the same care it took to build your business, the next chapter needs the same thoughtful planning.

  • How much do you want to work in your business at this point in your life?
  • How much do you need to work in your business to grow it to the point for you to be able to retire when and how you want?
  • What is your business worth and what does it need to be worth to accomplish your goals?
  • Are the employees you are counting on to run the business without you, ready for that responsibility?

These questions – and others – need to be answered before your role in the company changes.

Taking the time to identify your objectives and evaluate your progress towards your goal may be the most critical factor in achieving a successful outcome. Without first identifying a destination, it will be impossible to plan your journey.

Legacy Advisors provide advice and support to owners who are retaining their stock as an owner-investor, gifting it to a family member, funding a transfer to a key employee or selling to a third party along with many other scenarios. Our planning process will help you create a plan to take care of you, your family, business, employees and customers all of whom helped get you to where you are today.

A plan to secure your legacy.

Why Plan Now?

You’re not alone. Baby boomers like you own more than 12 million businesses. In the next 10-years, it’s estimated that 70 percent of those businesses will be sold. Supply could outweigh demand.

More than $40 trillion of assets reside in those small businesses. If you’re like most business owners, your assets are tied to your company’s day-to-day operations.

If you can’t exit your business and tap these assets, how will you retire?

There’s good news. Only 13 percent of business owners have an exit and succession plan. You can beat what’s being called the “silver tsunami”. You can easily get ahead of the 12 million business owners in the same situation by creating a plan for you and your business with a Legacy Advisor.

Endorsed by noted entrepreneurial author Bo Burlingham, the Legacy Advisors’ plan is a uniquely designed five-phased holistic approach that incorporates both your personal and professional goals.

Your Legacy Advisor will work with you and your family to create a comprehensive plan that identifies your specific goals and evaluates your needs. Your Legacy Advisor utilizes your goals and needs to design a customized roadmap and help you implement your plan and monitor your progress.