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Good Succession Planning Is Good Business Planning

Planning Retirement Business Ownership Scott's Thoughts

By: Scott Van Den Berg, CFP®, ChFC®, CEPA®, AIF®, CRPS®, CMFC®,  AWMA®

Often times a business is sold prematurely due to death, divorce, disability, distress, or disagreement. If your business is not prepared and ready to transition, you and your beneficiaries may not maximize your sales value. Many small and mid-sized businesses can represent up to 80% or more of an owner’s net worth. Therefore, being unprepared for the unexpected can have significant financial consequences.

Keys to being prepared include the alignment of your business, personal, and financial goals. This is a process, not an event! Good succession planning is good business planning. Let us help you prepare for a planned transition or the unexpected, and bring you financial peace of mind. Give us a call today to learn more. (512) 692-7313.