Business Strategy Planning

A group of people standing around a table.

There are two types of clients that we work with for Business Strategic Planning:

1. Business owners who have a need to keep and attract key employees and executives and who want to enhance their own retirement savings and income.

2. Established business owners looking to create a successful and efficient exit strategy.

First, business owners who want to retain key employees and enhance their own retirement:

Businesses like yours typically rely on the services of just a few key people to maintain success and viability. These key people deserve and even expect to be rewarded appropriately for their hard work.
As a business owner, you may also wish to provide these valuable employees with a special benefit to reduce the temptation to leave for the competition.

With restrictive executive bonus arrangements (REBA), you can reward these employees in a way that builds loyalty to your business and can help them once they retire – without the complexities of some nonqualified plans. Consider them “Golden Handcuffs”.
REBAs can be enhanced (60% to 100% without increased risk) and funded in only five years. To learn more, watch this video and then discuss how this might work for you and your company.

Two people sitting at a table with papers and pens.
A man and two women sitting at a table.

Second, the established business owner who desires to establish and implement an exit strategy:

Plan Your Exit: Do you know how you are going to exit your business? You may have a dream of going public, selling to the highest bidder, or retiring and handing over your business legacy to your family.

Big dreams aside, the truth is that many business owners have no exit strategy for their businesses in the event of their disability, retirement, or death. Given the current economy, it isn’t surprising business owners focus their energies on business survival, future growth, and even remaining active in business after retirement. However, a business exit strategy not only means having a plan for the unexpected – including financial hardship, injury, disability, and even death – it also means having a plan for the succession or transfer of ownership of your business when it comes time to hang up your hat and retire.

Here are a few things to consider as you plan your business exit strategy:

  • Develop a Succession Plan
  • Invest in a Retirement Plan and Insure your Worth
  • The Process of Exiting Your Business
  • Transfer Ownership
  • An Outright Sale
  • A Gradual Sale
  • A Lease Agreement
  • Other Considerations
A laptop and some papers on top of a table.

Recruit & Retain

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