Succession Planning Mistake Number 10- Do not plan for the business owner's financial security which may be dependent solely upon the financial success of the buyer of the business.
Is the Business Owner's financial security dependent solely upon the future financial success of the buyer of the business?
Has the Business Owner created wealth outside of the business so that the business owner is financially able to sell the business at a reasonable price in order to retire?
Click on the video from the February 2nd, 2017, Succession Planning Workshop attached to find out how to protect your business in the event of the Owner's disability or death. Find out how why a Business Owner should create wealth outside of the business and how that strategy enables the business owner to sell the company for a a reasonable price and retire.
To find out more about all of the top 10 succession planning mistakes made by business owners, go to Heschlaw.com. You can watch a video of Bill discussing the ten mistakes and get a copy of his Workshop outline and tools to review in the comfort of your home or office.
Succession planning is complicated. Are you getting all of your succession planning questions answered by your CPA, attorney, and financial planner? As an attorney, CPA and financial planner all in one, Bill Hesch is uniquely qualified to give you a second opinion.
Call Bill now at 513-509-7829 for a free consultation by phone or in person. Piece of mine is only a phone call away.
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