Jack Strikes Gold

Feb 11, 2013

Up until now, Jack thought he was a business owner when. In fact, he was self-employed because he viewed his business as a source of income that provided a handsome lifestyle for himself and his family. From that standpoint, he had reached his original goal. Unfortunately, he never gave much thought to value. Why should he? Value is not part of the discussion unless you are talking about an asset. Jack did not view his business as an asset, but rather as a source of income. Now that he was thinking about exiting, he discovered that the value of his business would not produce sufficient net proceeds to support his post-exit life style. Jack decided that it was time to set a new goal. His new goal was to increase the value of his business.  Read more ...

Category: Financial Planning

Joan M. Ridley, CBA, CEPA, CFP™

Joan RidleyPresident of Business Wealth Solutions, a business consulting firm.

"We have identified numerous opportunities to protect and maximize corporate wealth both now and in preparation for ownership transition. In this economy, human and intangible capital are major corporate assets. Absent proper planning, business owners could leave dollars on the table, and face the risk of actually losing their unprotected assets and hard-earned wealth."

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