Why is transition planning important?

The numbers tell the story. Up to 80% of the privately held small and mid-size businesses in this country will be involved in a business transition in the next 20 years. The baby boomer “Age Wave” is here now and will be gaining in volume in the years to come. These boomers represent the greatest entrepreneurial generation in our country’s history having created more enterprises, jobs, and positive economic impact than any other. As owners and creators, these business men and women are now nearing retirement and becoming ready to harvest the benefits they have sewn. 70% of business owners use their business as their primary source of income. It is critical to strategically plan for the transition event which will unlock the illiquid wealth build up in the business to provide for the owner in the next phase of life. Continue reading →

Why is Optimized Business Transitions the best partner of choice?

Most business exit planners focus on the transaction event as this event dictates the many ways in which they get compensated to sell your business. As a division of SC Financial Services Inc. (www.scfinancialservices.com), we have harnessed the value of putting our client’s needs, goals, and objectives first. Understanding the personal and financial goals of the business owner relative to the planning for the business, the family, and the future is our starting point. Once we understand what the big picture looks like, we can then apply our technical expertise in the areas of personal financial planning and business financial consulting to create the optimal roadmap to fulfillment. Continue reading →

Why use a Certified Exit Planning Advisor?

As more and more baby boomers retire, there will be an increasing number of businesses for sale to an ever decreasing number of potential buyers. With increasing supply and decreasing demand, a strategic approach is critical for optimizing business value, creating opportunities, and fulfilling owner needs and objectives. As a CEPA professional, we have the education, experience, and ethics to help our transition clients make informed decisions. We specialize in structuring the exit process to deliver results that satisfy the owner’s stated goals while delivering maximum business value and after-tax benefits regardless of whether the transition is an internal transfer to family or employees or an outside sale to an independent 3rd party. Continue reading →