Wealth Building for Entrepreneurs Planning Their Exit

The Challenges. The Opportunities. The Focus.

As entrepreneurs approach the later stages of their careers, the focus often shifts from growth and expansion to planning a successful and profitable exit. For many, the business they’ve built over the years represents a significant portion of their personal wealth and legacy. Ensuring that this transition is smooth and financially rewarding requires careful planning and strategic decision-making.

Our company specializes in assisting experienced entrepreneurs who are ready to exit their businesses. We understand the unique challenges that come with this phase, including the need for precise budgeting to boost profitability, accurate business valuation, advanced tax planning, and creating employee equity plans. By addressing these critical areas, we help business owners maximize their returns, reward loyal employees, and secure their legacy.

Secure Your Legacy Today

Are you ready to transition out of your business and ensure a profitable, seamless exit? Our expert team is here to help you every step of the way.

Contact us today to schedule a consultation and discover how we can assist you in creating a strategic exit plan that maximizes your returns, rewards your loyal employees, and secures your legacy.

Case Study: Planning a Strategic Exit

The Journey of Experienced Entrepreneur Michael Brown

Background

Michael Brown, the founder of a successful manufacturing company, had spent decades building his business. As he began to contemplate retirement, Michael faced several challenges in planning an efficient and profitable exit strategy.

The Challenges

Budgeting for Increased Profitability and Growth: Michael needed to create a defined budget that would increase the company’s profitability and provide capital for growth, making the business more attractive to potential buyers.
Determining Business Valuation: Understanding the true value of his business was crucial for Michael. He needed an accurate valuation to ensure he received a fair price when selling his company.
Advanced Tax Planning: To sell, Michael required advanced tax planning strategies to minimize his tax liability and maximize his post-sale proceeds.
Employee Equity Plans: Michael wanted to reward his longstanding employees by helping them earn equity in the business. This would ensure a smooth transition and retain valuable talent during and after the sale.

How We Helped

Our company provided Michael with a comprehensive support package to address these challenges:

Creating a Budget for Profitability and Growth: We worked with Michael to develop a detailed budget focused on increasing profitability and providing capital for growth. This involved analyzing current expenses, identifying cost-saving opportunities, and allocating funds to high-potential growth areas.
Business Valuation Services: Our team conducted a Biz-Equity business valuation, taking into account various factors such as financial performance, assets, and future growth potential. This provided Michael with a reliable valuation of his company.
Advanced Tax Planning Strategies: To address Michael’s tax concerns, we provided advanced tax planning services. This included exploring tax deferral options, structuring the sale to take advantage of favorable tax treatments, and planning for estate taxes to maximize the financial benefits of the sale.
Employee Equity Plans: We helped Michael design an employee equity plan that allowed longstanding employees to earn shares in the business. This included setting up employee stock ownership plans (ESOPs) and other equity distribution methods, ensuring employees were vested in the company’s success and motivated to maintain its performance.

Results

With our guidance, Michael successfully prepared his business for sale. The defined budget improved profitability and provided the necessary capital for growth, making the company more appealing to buyers. The accurate business valuation ensured Michael could negotiate confidently and achieve a fair price. Advanced tax planning minimized his tax liability, maximizing his post-sale proceeds. The employee equity plan fostered loyalty and motivation among key employees, ensuring a smooth transition and the continued success of the company post-sale.

Our Fees

Onboarding: $7000

12 Meetings:

#1: Business Discovery I

#2: Business Discovery II

#3: Business Discovery III – Quickbooks Set up – Vivid Vision

#4: Proforma – Consulting Calendar

#5: Tax Discovery I

#6: Tax Discovery II

#7: Tax Plan Presentation

#8: Entrepreneur Wealth Plan Discovery I

#9: Entrepreneur Wealth Plan Discovery II

#10: Entrepreneur Wealth Plan Discovery III

#11: Entrepreneur Wealth Plan Presentation

#12: Wrap Up

Monthly Fees: $1500/m

Recurring Services:

Level 3 Bookkeeping

Level 3 Payroll

Level 3 Tax Strategy Implementation

Profit-First Account Transfers

Weekly Performance Recap

Monthly Proforma Updates

Yearly Biz-Equity Valuation

Monthly Tax Compliance Checks

Yearly Reasonable Compensation Survey

Level 3 Business & Personal Tax Preparation

Weekly Open Office Session

Yearly Business Planning Retreat

Half-day Quarterly Business Planning Sessions

Monthly Business Planning Session

Plan Your Exit with Confidence

Don’t leave your business’s future to chance. Let our experienced advisors guide you through the complexities of selling your company. From advanced tax planning to accurate business valuation, we provide the support you need to confidently exit.

Contact us today to start planning a successful transition that ensures your financial security and preserves the legacy you’ve built.