Personal Financial Readiness

  • Manufacturing
  • 10/21/2021
CasualBusinessmanListeningtoCollegue

Personal financial readiness is critical for a business owner who is considering transitioning out of his or her business. Whether you are planning to sell your busi...

Personal financial readiness is critical for a business owner who is considering transitioning out of his or her business. Successfully transitioning out of a business takes a great deal of planning and thought and work. Whether you are planning to sell your business or transition it to the next generation or just thinking about cutting back your involvement some, it is critical to develop a plan for the change.

Are you ready?

One of the first steps in planning for a business transition is to work with an advisor to develop your wholistic personal financial plan. Do you have ready answers for the following:

  • What is the current value of your business?
  • Have you achieved financial independence?
  • How are you going to spend the time that you used to spend in the business?
  • Do my new activities cost money?

Please join Lisa Horn and Dominic Zamora as they discuss how we can help you find the answers to these questions in this video. Stay tuned for further installments in our Owner Transition series.

This blog contains general information and does not constitute the rendering of legal, accounting, investment, tax, or other professional services. Consult with your advisors regarding the applicability of this content to your specific circumstances.

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