300 East Esplanade Drive
As a business owner, you have spent a considerable amount of your time working hard to grow your business and make it a success. We find that while many successful business owners are entrepreneurial and natural risk-takers, the wisest ones seldom enjoy taking risks when it comes to their personal financial planning. Business owners can face a unique set of challenges when it comes to financial plans and success. Some of these challenges include:
In addition, emergencies can happen in our personal lives that immediately affect our financial stability. This is especially true for business owners. In order to be prepared for the impact unexpected situations can have on your personal and business finances, you need to have a plan in place.
Acosta Wealth Management equips you with the tools to effectively manage your money and focus on profitability as a business owner. We examine and address problems that could be present in your current financial plan and set new goals to help you exit your business. Our professionals develop business exit strategies to help ensure your financial future is protected. Whether you are ready to retire or simply move on, our plans establish your exit goals and begin with the end.
An exit strategy is not the same as the sale of a business. It is a process, not an event. Since there are a number of potential methods for exiting a business, it all begins with knowing the options available to you. There comes a point in the lifecycle of any business when the owner no longer wants to, or is able to manage the firm. Since the timing of retirement, death or a disability is difficult to predict, it’s prudent to have a succession or transfer plan in place now to protect the value of your business, safeguard your personal financial well-being, and provide your business with leadership during a transition period.
Obtaining the right information, in a timely manner to make the best decisions with regard to your exit strategy, takes time.
Owners can establish the strategy that best meets their goals and protects their wealth once they follow the steps needed to determine the course they should set with their planning.
Our Exit Planning Process:
When you consider how much wealth is at stake, it makes much more sense to create a professional advisory team, with an exit specialist managing the planning process. A good team consists of a number of players, each contributing to the overall execution of the exit strategy. Typically, some of the following would be included:
Do you need business exit guidance? Take The Business Exit Readiness Index™ Report survey so we can better understand your needs and goals as an owner looking to exit your business.
When deciding to exit your business, it is crucial to have a financial blueprint. Some business professionals may be unsure of if they are ready to move on from their company. Ask yourself these questions to aid you in deciding whether or not it is time to leave your business:
Once you have asked yourself these questions, it is time to talk with your trusted financial advisor. We will review your specific situation and design a plan tailored to fit your unique needs depending on both business and personal aspects. The financial planners at Acosta Wealth Management help business owners take the next step in their life. We understand the challenges business owners face, and we have the experience to execute a successful financial plan that is designed to protect your wealth.