What’s your Endgame?
Few CEOs have an answer to this important question. Unfortunately, many believe they are too busy to even consider the possibilities. But it’s an undeniable fact; if you are a business owner…your game will end.
Will you sell the business, pass it to the next generation, or keep performing a daily grind until you die—leaving your family and the government to sort things out?
- When transfer time arrives, what will your business be worth?
- By ignoring end-game options you are acting like you own a job—not the company.
- Potential investors or family successors will have little interest in acquiring your job.
Your goal may be to maximize profits and secure your investment.
- In a world that is fiercely competitive, continuing to operate as you always have will threaten your viability.
What if you could organize the business to operate effectively without requiring your day-to-day involvement? – allowing you time to:
- Work on, rather than in the business.
- Pursue interest you’ve never had time for.
- Start or acquire another business.
Companies that are overly dependent on the CEO or other individuals, typically operate ineffectively, are not as attractive to potential buyers, and subsequently worth less at transfer time.
Visit www.CreateTransferableWealth.com a complimentary quiz will assess your current vulnerability.