Imagine a smooth and worry-free transition where you will confidently sell your business and step into a successful retirement. The Brown and Company team is here to work with you during this transition. Even if you don’t see yourself retiring in the immediate future, it’s never too early to start thinking about preparing your exit plan. We generally recommend starting the process roughly three to five years before you want the transition to take place. This gives you plenty of time to consider your options, let us help you create a well-defined exit strategy, and ensure a seamless handover to the new ownership of your Colorado business.
For many large or small business owners, their company represents approximately 70% to 80% of their net worth. This means starting the exit planning process is more than an emotional milestone — it’s also perhaps the most significant financial decision of their lives. We take this seriously, and our certified exit planning advisor will work with you to make sure you approach your succession plan with the proper amount of confidence and clarity.
The pivotal question to consider is: Will your exit planning strategy truly prepare you for retirement? At Brown and Company, we’ve worked closely with entrepreneurs and successful business leaders, and we’ve honed our expertise to address the common concerns that arise in business succession planning:
- How much do you need to “net” from the sale to be financially independent?
- Are there tax planning opportunities to explore?
- How will you sustain your income post-sale for the next several decades?
- What steps can be taken to maximize your business’ value before selling?
- Will you continue working in the business and, if so, for how long?
- How can you replace the services the business currently provides you?
- Do you have a game plan for how you’ll spend your time post-sale?
- Will your company be saleable at the business valuation you expect?
Enter Brown and Company’s Company Succession Planning Services. Our process is comprehensive, involving collaboration with your entire financial team to prepare your business for transition and working closely with your family to plan for life after the sale. Our secret weapon, the Buyout Barometer®, is a proprietary tool that helps you assess if you can sell your business and confidently pursue a successful retirement.
If you’re waiting around for the perfect time to sell your business or the perfect potential buyer, odds are you’ll never find them. Rather than waiting around for the right situation to fall into your lap, you should be focused on finding the moments when selling would align with your personal and professional goals as much as possible. Working with a certified exit planning advisor from Brown and Company means our clients receive professional guidance on making confident decisions about the right time for your exit options. We can help you pursue your long-term objectives and develop the most effective business exit plan.
We are committed to guiding you through the maze of selling a business. From the initial thoughts and planning to receiving the proceeds of your business sale, Brown and Company pledges to be an integral part of your team. Let us guide your business exit strategy, turning what can be an emotional change into a well-planned transition.