A PROVEN PROCESS DURING A CRITICAL TIME
PERSONAL FINANCIAL PLAN
PERSONAL FINANCIAL PLAN
The choices you make in your business likely have a significant impact on your personal financial life. The Personal Financial Plan helps you make informed business and financial decisions by outlining your goals and how they can be achieved while managing risks, taxes and your future income needs.—– —– —– ——— —- —– —– —– — — —— ——- —-
FINANCIAL NEEDS ANALYSIS
FINANCIAL NEEDS ANALYSIS
The sale of your business will probably be the most important transaction of your life. With only one chance to get it right, the Financial Needs Analysis determines how much money you need from the sale in order to securely fund your ideal lifestyle. —– —– —– —- —– —– —– —– ——- ——- —– — — —– —– —- — —– —- —– —– —–
BUSINESS EVALUATION
BUSINESS EVALUATION
Whether you plan to sell your business soon, eventually, or not at all, the health of your business is vitally important. The Business Evaluation identifies areas of strength and improvement and provides clear action steps to increase cash flow and profits while making your business more valuable. —– —– —– —- —– —– —– —– ——-
TRANSITION ROADMAP
TRANSITION ROADMAP
The process of preparing your business for sale, whether internal or to a third-party, can be time consuming and complicated. The Transition Roadmap outlines exactly what needs to be done, and when, in order to get the money you need and transition on your timeframe. —– —– —– —- — — — — — —– —– —– —- — — — — — — — —- –
TRANSACTION STRUCTURE
TRANSACTION STRUCTURE
When it comes time to explore how you will be paid for your business, there is a lot to consider. How can you maintain control and transfer equity in a way that minimizes risk and the impact of taxes? NextPhase will show you the ways in which the transaction can be structured and how each option impacts your business and your personal financial plan.
GUIDED IMPLEMENTATION
GUIDED IMPLEMENTATION
When planning for the eventual transition of your business, there is a lot that needs to be done. Most business owners find they have limited time and energy to devote to this process while running their businesses. NextPhase will guide you through the implementation of your financial plan and business transition. —– —– —– —- —– —– —