Take Steps Now to Ensure a Higher Payoff Down the Road

What does the future hold for you and your business? Do you plan to retire in another 10 to 20 years? Does cashing out and starting a new venture interest you?  Whether your goal is growth and expansion or sunny days spent on the back nine, the value of your business will have a significant impact on what you are able to pursue.

Who Will Take Over?

Typically, there are four types of people/organizations that might be interested in your business:

• Family members
• Employees
• Private equity groups
• Competition

Regardless of who you believe might become the new owners of your business, now is the time to shore up your plans.  A thorough business valuation will answer pressing questions including:

• Are you unknowingly in a vulnerable position?
• Are you too dependent on outside suppliers or others' technology?
• Have you clearly differentiated your products/services within your market?
• Do you have a strategic plan for increasing profit margins?
• Are your budgets, forecasts and business plans up to date?

Building business value takes years.  Whether your aim is to attract investors that can assist with expansion or to bequeath your company to family, waiting until the last minute severely limits your options.

Contact us today for additional information on how we can help you get the most out of your hard-earned investment.

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