Eventually, every business owner will exit his or her business – whether voluntarily or otherwise.  At that time, every owner wants to accomplish certain personal, financial, business and estate planning goals.  Most fail to do so. 

We have all heard the statistics on how few family businesses make it to the second or third generation and how many implode in the first generation.  Thirty-four percent of businesses fail in their first two years.  Less than 50% are still operating after six years.  Of those, that make it, only 30% to 35% survive to the second generation.  Only 12% to 15% make it to the third generation, while 3% make it to the fourth generation.  These statistics have been widely reported, e.g. by USA Today (2001) and the Small Business Administration (2003).  The Small Business Administration reports that the “primary cause for failure... is lack of planning.”

Create Opportunities Now So You Have Options Later.
Over the years, we have worked with hundreds of business owners to help them overcome these odds and achieve a successful outcome for the time and capital they have invested in their businesses. 

The Next Step For Business Owners Transition Growth System is intended to help you to learn about and implement the Transition Growth Planning process which will help you to create and understand your options and will provide the active steps which you need to take today so you can successfully exit tomorrow.

What Will Be Your Future Exit Outcome?
What do you hope will be the future outcome of the time and financial investment you’ve made in your business?  Based on over 25 years of working with owners of small, medium-sized and large family businesses, we’ve found the answers to this question tend to be very similar.  Most owners of family businesses have some or all of the following hopes or wishes:
•  That your income from the business will continue to grow and provide an increasing standard of living for you and your family.
•  That your business will help you accumulate sufficient financial resources for a comfortable retirement.
•  That your business will not suffer or be lost through the negative influence of either internal  or external adversities or claims.
•  That both your business and your family can financially survive your unexpected, premature disability or death.
•  That you can retire upon your own terms, while leaving your business in the good hands of successor management which you have selected and groomed.
•  That ultimately you can either pass on a successful and valuable business to your family, or sell your business to your fellow owners, management or an outside buyer of your choice at a full and fair price, while minimizing potential federal and state taxes.
•  That you can accomplish all of this with minimal shareholder, management and family squabbles.
•  That your advisors will help you understand your options to help you make informed decisions.

These tend to be common family business owner wishes, whether you own all or part of  your business, whether your business is small or large, whether you are in the business of selling products or services, and whether you started the business yourself or inherited or bought it from someone else. 

   

 _______________________________

  • Understand What Is Right.

  • Deal With What Is Wrong.

  • Stop.  Look Both Ways, Proceed
    With Caution.  This Business Is Your
    Baby.

  • The Key To Success . . . Get
     Started Early
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The Next Step For Business Owners Transition Growth System.
    The Next Step For Business Owners Transition Growth System was created by leading Transition Growth Planning advisors Nicholas K. Niemann and Andrew D. Horowitz to enable business owners to start now to develop their personal Transition Growth Plan.  This System will walk you through the questions, alternatives and answers  you must address to keep your business operations successful and growing during your remaining tenure and to enable you to successfully transition from your business on your timetable and on your terms.  

    Upon completion of this program, you will have a personal roadmap which will help you successfully chart a course for your eventual exit from your business.  This program provides a proactive plan for your transition.  It also addresses contingencies for possible early death, disability, departure, divorce or burnout.  The objective of this program is to maximize the net value you can realize from your business, minimize taxes, maintain your control of the process and help assure your personal, financial and legacy objectives are met.  

    This System has been designed to be used on your own or in conjunction with your legal and financial advisors. It includes the following key components:
•  Scorecard--The Ultimate Pre-Exit Readiness Fitness Test.