Build Your All-Star Business Advisory Team With This Roster

Rich Gunn, Certified Exit Planning Advisor and Partner at accounting and advisory firm BPM , also offers Value-Focused Business Planning. getty What does success mean to you? Success can be a very personal thing and defined in many ways. As a business exit planning advisor, I suggest that business owners consider these two areas when defining success from a business and financial perspective: 1. Make certain your business is ready for sale at all times. This means you have examined your business from a buyer’s perspective, and you have taken the necessary steps to optimize business value. 2. Make sure you are personally prepared to exit your business. This means you know the business’s current value, and you are confident that this value will be sufficient to satisfy your lifestyle. You’ve done the planning and have no doubt that your financial resources will sufficiently last your lifetime. Your ultimate success in this endeavor will require having a strong team of advisors to assist you in areas that are outside your expertise. Many business owners have undervalued businesses because they were apprehensive about spending money on advisors. This is a foolish notion. The right team of advisors can bring greater […]

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