Most business owners would say that they have their eyes set on the long game. The reality is that you as owner can become so involved with day-to-day operations; it is hard to find time to give thought to the long game.
Are these on your list of priorities?
- Reducing taxes
- Generating tax-efficient personal cash flow
- Building a strong personal financial statement outside of business value
- Managing a retirement plan
- Debating whether you should sell the business, or hold long-term for cash flow
Now, before determining the “how-to”, let’s think about your “why.”
What defines “success” in your long game? What inspired your business? Do you own a family business? What is your vision for it?
Use your story as a sounding board. It’ll give you a sense of calmness, confidence, and clarity throughout the process, and help you think through the challenging decisions below:
Cash Flow Allocation
Should I pull funds personally? Or set aside for business growth? Or for taxes? Or for retirement plan? Or buy back shares from silent partners?
Personal Investments
- How do I make sure that my family is prepared financially when I am out of the picture?
- Which retirement plan is best suited for my business given its business lifecycle?
- How do I give well? Make a difference in the world? Have a meaningful impact?
Business Longevity
- How do I prepare the next generation for leadership?
- Or prepare the financials for a sale to an external buyer?
- Or use the business to build a strong personal financial statement.
- Or transfer both business interests and values to the next generation of company leadership?
These are the questions where we can lend our expertise and experience. We are your resource. A sounding board. That extra set of eyes and ears. . . We want to help you multiply your effort, and ultimately, live from a place of stewardship and abundance.
