Ekea Succession Consultants
Management Consulting - Chennai, Tamil Nadu, India
Ekea Succession Consultants Employees
Ekea Succession Consultants Details
Every business faces a range of challenges. As a business grows, different problems and opportunities demand different solutions - what worked a year ago might now be not the best approach.You and your partners and shareholders founded the company and were the driving force behind its success. But there comes a time in every entrepreneur's life when they have to take a step back – sometimes this is voluntary, sometimes it's not.With a lot of business – both small and large – rely heavily upon their founders to remain successful. But have you ever considered what will happen if one of them had to step away from the business due to illness or death?Business might be increasingly at risk unless you take steps to ensure your intellectual propertWhat do you want to do with the rest of your life?Have you really thought hard about that question? Most successful business owners and executives find that they work only "in" the business and rarely commit to focus time working "on" the business. The result: When facing transitioning from the business will be "reacting" instead of "acting" and regrets versus rewards.What financial lifestyle do you want?For example, what is your timeline to work before retiring or moving on? What annual after-tax income (in today's dollars) do you want during retirement? Do you want to transfer the business to family, key employees, or sell it to an outside party and walk away? Exactly how do you plan to do it? Perhaps you want to transfer wealth to children, reward employees, or maintain ownership for as long as you can.How can you successfully get to your final act as a business owner without a well-written road map?Contact our Advisors to take advantage of our unique Business succession to process, that will help answer these questions. Together we'll design the plan to move you toward your goals on your timetable.
