Step one of Life Plan Strategies for Your Business is to understand and project your goals. The tools available will help initiate the conversation around business exit and succession planning as well as begin the information gathering process. A sample of the Life Plan Strategies Inventory is shown below.

Life Plan Strategies Inventory

The Value Your Business step in Life Plan Strategies for Your Business consists of a three-level strategy that incorporates different levels of analysis. A valuation is critical to properly prepare for the business exit or succession process. A sample Estimation of Value is shown below.

Estimation of Value

The Define Marketability Strategy step in Life Plan Strategies for Your Business provides concepts and resources to help create a more marketable business. The focus is on strategies tying key employees to the business. Furthermore, we have a relationship with a mergers and acquisition advisor that will help when selling a business to a third party. A sample of the deferred compensation piece is shown below.

Using Nonqualified Deferred Compensation to Maximize Value

The Design Optimal Solutions step in Life Plan Strategies for Your Business can help provide different business exit options to help you decide what is best for your unique situation. A sample of the Selling to Co-Owners concept piece is shown below.

Selling to Co-Owners