Maximize your return

Your coaches describe the typical lifecycle of a successful small business.

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Most successful businesses go through four stages: startup, growth, maturity, and transition. Image Description
That’s right. And the maturity stage of your business is an ideal time to start planning on what you’ll do in the final transition stage. Will you close the business? Sell it? Pass it along to your children? Image Description
Whichever path you choose, it’s critical to start planning early. Surveys of financial planners, CPAs, and other business professionals have shown that it takes at least five years to create an effective business succession plan. Yet, only about 25% of all business owners do an adequate job. Image Description
And you’re probably very busy. Succession planning takes time you may feel you can’t spare. But when you consider all of the time, effort, and dollars you’ve contributed over the years, your business may be your largest single asset. By taking time to determine your business’s future plan, you can maximize your return on investment. Image Description
Keep in mind that if you don’t take the time, you’re basically guaranteeing that someone else will make those decisions for you. Image Description
Successful business lifecycle Contribute $ Distribute $ Startup Growth Maturity Transition
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