Your Objectives Any type of plan is only successful if it achieves your desired objectives. When do you want to leave your company? To whom do you want to transfer or sell your company? How much cash do you want or need to secure your post-business life? Do you want certain employees to be benefited by the transfer? Do you want to pass wealth down to your children or to other family members? Your Financial Resources If you sold your company tomorrow for its present market value, would the cash you derived from the sale be sufficient to provide you with a financially secure post-business lifestyle? Is there a gap between the current value of the business and what you need for your financial security? Building and Protecting Business Value Do you know which Value Drivers exist in your business and which, if any, are missing? The term "Value Drivers" encompasses those things that build value in a company such as a strong and motivated management team. It also encompa...
Comments
Post a Comment