The process for setting a plan, in almost any endeavor, begins with knowing where you want to be – or what goals you would like to achieve. To reach your goals it is equally important to know where you currently are.
In order to answer the question “can I afford to transition my business?” we first need to know your personal financial situation. In other words, is there enough money saved outside the business to provide financial freedom. In the case of most owners the majority of their wealth is locked in their private business. We want to determine the following:
The Value Gap analysis will provide us with an overview of your current financial situation as it relates to being financially free from your business. As part of this process we will discuss and review the following: