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Reasons Business Owners Don’t Plan

Top 9 Reasons Business Owners Do Not Plan

  1. Where do I start?
  2. Who can help me?
  3. It’s probably costly.
  4. I am not going to disclose my business and personal information with a stranger.
  5. I’m too busy with my daily activities, no time.
  6. It’s too complicated.
  7. My business is my life; I’m not planning on going anywhere.
  8. I know it’s important; I’ll get to it when I can.
  9. Why do I need a plan, I know what I want to do.

At Value Link Advisors we’ve heard all of the above rationale and more. Unfortunately we are all human and inevitably our lives change. Whether you want to or not…you will transition from your business sooner or later. Besides the normal course of events, we face unanticipated issues such as failing health, disability or even death, divorce, burn-out and changing motivations. Exit planning helps you preserve as well as add value to your business.

Here are the Top Ten Reasons to Add VALUE to Your Business By Creating a Formal Transition Plan…

  1. Lowers your business risk
  2. Lowers your personal risk
  3. Maximizes the value of your company
  4. Preserves wealth for your children and grand-children
  5. Reduces your family and employee uncertainty
  6. Lowers, defers or eliminates, your tax consequences
  7. Gives you multiple options to transition from the business
  8. Gives you control of timing and outcome
  9. Provides peace of mind to you and your family
  10. Delivers significant Return on Investment (ROI)