As a business owner or manager, your main focus is on guiding the day-to-day operations of your business and its long-term success. But are you thinking ahead to where that success might take you? Where do you want your company to be in five years? What are your personal objectives?
Business transition planning may not be on your mind, but it always should be. Manning Elliott can help guide you through the process from the very beginning as your business transition advisor. Think “end in mind” when looking at where you see your business heading.
The lack of business transition planning can be detrimental to the financial health of your business, as well as your own legacy. Business valuation and transition planning are critical to making sure your business endures over several generations or is prepped for a lucrative disposition. And it’s never too early to start planning.
Bringing Manning Elliott on-board means having a guide to help you reach both your financial and your business transition goals. We help you understand what your business should look like right before transition, and what you need to do to build and grow your business in the years prior to transition.
Manning Elliott can help you decide what the best options for business transition are—ones that best meet your long-term financial objectives. For example:
Do you wish to develop a transition plan that transfers your business to the next generation?
Do you want business planning for selling your business and transferring some or all of the proceeds to your heirs?
If you plan to sell your business, do you want to sell it to key people inside the business, or to outsiders?
Have you considered the possibility of making taking your company public?
Our business transition advisors focus on getting you to a point where you are confident that your business is ready for a transition, whether it be a voluntary sale or an involuntary situation. Think of it like developing a roadmap to the ultimate success of your business.