Managing Partner at Business Advisors, LLC | Denver, CO - Denver, Colorado, United States
Financial Solutions for You and Your BusinessBusiness owners/executives are laying awake at two o'clock in the morning staring at the ceiling with a variety of worries. Our Blueprints for Tomorrow process presents them with different blueprints from an exit strategy for a business to a succession plan to help them sleep better. When you take time to consider these Blueprints, it becomes clear that they can be summarized with four questions:1. What if I don't want to do this anymore? I might want to sell my business to a third party. I might want to transfer my business to my children or key employees. Will I be ready financially? Do I have an exit strategy for a business that works?2. What if something happens to me? What if I die or become disabled? What happens to my family, my employees, my business? Have I prepared for the estate tax consequences? Will my spouse receive a fair distribution for my share of the business?3. What if my key employees leave? How can I identify the strengths and weaknesses of my key employees? What can I do financially to handcuff those key employees so it is difficult for them to leave? 4. What if cash flow doesn't improve? How will I leave my business and cash out if cash flow doesn't improve? How can I incent my key employees to work hard to drive more business...More cash flow? What is my business exit strategy?