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Succession Planning Services

Helping owners maximize the value of their business and prepare for the future

Many business owners – including owners of closely-held, family businesses – are often underprepared to exit their business and move on to the next chapter of life. It’s common to have unrealistic expectations of the worth of a business. In unfortunate situations, owners start the exit or succession planning process too late to maximize benefits they could have received using a timely, well-crafted strategy and plan.

Exit planning and family business succession planning look different for all business owners. Knowing your options early helps you plan and make the best decisions for your business situation. Transitioning a business to new ownership requires a plan for maximizing the value of the business and minimizing adverse tax consequences. In addition, a sound exit or succession plan includes activities to develop new managers and prepare you for post-sale life, whether that path leads to retirement or a new business venture.

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A CLIENT’S PERSPECTIVE…

“I am always pleased with the level of service we are provided and continue to get updates throughout the year with changes that could affect us.”

Sarah Schwieterman – The Sarah Schwieterman Agency, Inc., Syracuse, KS

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Succession Planning Consulting

Exit Planning

Owner-centric
Part of a strategy for either selling or transferring a business, but based on the owner’s goals
Comprehensive analysis of the value of the business, market position and more
Addresses issues like whether an owner can leave the business when they want, to whom they want, and for the money they want and need

Succession Planning

Business-centric
Based on the objective of business continuity
Identifies successors within a business
Includes skills development for successors
Focuses on the transition of leadership or management

Family Business Succession Planning Services

Business owners can often use some additional assistance when it comes to exit and succession planning. Solution examples include:

Business and strategic planning, including transfer options and strategies
Business valuations
Buy-sell agreements
Consulting and counseling on “next chapter of life” strategies, objectives and goals
Estate and tax planning
Financing arrangements
Finding sources of capital necessary for a successful business transfer, including M&A advisory and investment banking assistance
Negotiation assistance
Value enhancement analysis for capturing maximum enterprise

Succession planning is not a journey one should take alone

Succession Planning Process Checklist

Succession planning is more than just handing over the keys to the next in line; it’s a strategic roadmap to ensure a business thrives well into the future. This detailed process encompasses everything from defining what you want the business to look like post-transition, to regular check-ins to make sure the plan still fits. This checklist dives into this, guiding you from the early stages of defining your vision for the business to the essential regular updates.

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Succession Planning Advisory for Targeted Industries

Agriculture Construction Dentists Healthcare Local Government Manufacturing Oil & Gas Restaurants

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