Our Business Owner Planning Process
- What does “leaving the business” mean to you?
- When would you like the freedom of not having to go to work?
- What are your business “legacy” desires?
- Is it time to consider when, who, and how much?
Initial Conversation
Our Business Owner and Exit Planning Specialist
Darrell L. “Corky” Dawes, CLU®, CHFC®, CExP
Chief Executive Officer
James Gnefkow, JD, LLM, MBA, CExP
Associate General Agent, Managing Director & Director of Advanced Planning
Brian M. Holmes, RICP®, CExP®
Senior Partner/Wealth Management Advisor
John A. Spann IV, CExP CFP® CLU®
Spann Financial Group LLC
Business Continuation Planning
When it comes to planning for tomorrow, as a successful business owner, it’s likely that you don’t just think about your own future; you also worry about the longevity of your company. Fortunately, there’s a solution that can help you protect both: business continuation planning.
When properly executed, business continuation planning can help your company thrive for the long term, regardless of what lies ahead. And it can help to protect your future as well, by ensuring that a succession plan is in place if you or one of your co-owners leaves the business — due to death, disability, retirement, or some other unplanned event
Exit Planning for Small Business Owners
What was your vision for your business when you first started it? Did you just want to be your own boss or earn more money? You probably didn’t think about selling your company to your investors or partners or passing it down to the next generation. And yet, all business owners must eventually create an exit strategy for their company. Maybe it’s time to move on to another project that’s calling to you. Maybe it’s time to retire. Whatever your reasons, you need an exit strategy to ensure that the business you built can continue to thrive after your departure.
There are many options available for an exit strategy, including:
- Going public
- Mergers & acquisitions
- Sale to a family member or peer
- Buyout by managers
- Selling to partners or investors
The sale of your business can be part of your retirement strategy, but it can also allow your vision to continue on even when you’re no longer actively involved. But before you can sell the company or pass it down, it’s a good idea to assess your business. The more value you can add, the more you can sell it for when it’s time.
