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Transition Advisory Services
A vast majority of today’s Baby Boomer proprietary business owners are expected to retire within the next several years. Our Transition Advisory Services is a holistic integrated Framework, which consists of a Transition Plan, Transition Growth Strategy, and Strategic Growth Valuation that takes into consideration your financial and personal goals, your Transition Options, the current value of your business, and the development of a customized Transition Growth Strategy to assist you in maximizing the value of your business so that you can easily transition the business on your terms when you’re ready.
The Transition Plan
Retirement planning is no longer about conducting and overseeing the business’ day-to-day operations but also about the contemplation of a host of transitional options, decisions, issues, and questions ranging from: What are your personal and financial goals and plans, to the impact your transitional decisions will have on the employees, to who will take over or run the business, to how can you maximize the company’s value or price before you decide to leave. Today’s business owner must address a multitude of Transitional Planning questions such as:
These are just some of the crucial questions that business owners must consider before deciding what to do with their business, how to plan for their future, and maximize their company’s value. Business owners should also consider all of the transition, exit, or succession options available to them.
The development of various Transition Option Scenarios also allows the owner to begin thinking realistically about which potential buyers or new owners that are not only the “Right fit” for you or your partners but for your employees, customers and suppliers as well before the transition process begins.
If the business owner or partners decide to sell the shares to the employees; the Transition Plan can provide the framework necessary for the gradual transition of the ownership (percentage of shares) internally to the next generation of employees. This is generally a phased-in approach over the next 3-7 years, which enables the owner to:
And by buying into the business; the employees now have an even more incentive to grow the company and to maximize its profits and value.
Depending on the size of the business, the Transition Options, and the owner’s personal and financial goals; business owners also have to consult with an array of professional advisors and consultants to create a viable Transition Plan.
Transaction Advisory Services
The buying, selling, or transferring of shares of a business also necessitates the advice and counsel of other third-party transaction consultants, advisors, and professionals (e.g. CPA, Business Attorney, Financial Planner, Business Broker, etc.) to carefully review and scrutinize the financial and business records, discuss your retirement goals and plans, as well as examining contracts, Letters of Intent, and final agreements. These independent third-party transaction advisors include the following:
Coordination and collaboration amongst these professional advisors, consultants, and partners is also crucial in the development and implementation of the Transition Plan and Transition Growth Strategy.
Transition Growth Strategy and Strategic Growth Valuation
Both the Transition Growth Strategy and Strategic Business Valuation help to guide and aid the business owners in maximizing the value of their company before they retire.
A prospective buyer or new owner will most likely pay more for a business if the owner can show that it has been profitable over the past few years. Therefore, business owners should begin to ensure that the business will continue to grow to increase its revenues and profitability over the next 2 to 7 years to maximize its value to the fullest.
We work closely with you to analyze your operations, organizational structure, products and/or services, business plans and strategies, competition, risks, performance measures, and historical financial data to develop a customized Transition Growth Strategy, and financial models to project the company’s growth rate forecasts and projections.
Our in-depth knowledge of your business also enables us to provide a Strategic Growth Valuation to establish an estimated baseline on the company’s market value at the “Enterprise Level” prior to the owner’s retirement, and to reassess the value when you are ready to sell or transfer the business.
In conclusion, Queen City Consulting LLC ensures that the Transition Plan, Transition Growth Strategy, Strategic Growth Valuation, and Transaction Advisory Services are all in alignment with your overall retirement plans, goals, objectives, options, and choices to ensure a seamless and successful Transition. Building Value is not only essential to the overall success of any business but also for the success of the Exit Transition as well. And remember, it’s never too early to begin the Transition Planning processes.