Business Progression Planning

Families that own businesses have unique opportunities and challenges. Deciding what to do with a privately owned business, how and when to do it, and why is one of the most difficult and complex wealth transfers families must navigate successfully in order to avoid conflicts and strained relationships. Good family businesses do not stop; they progress to higher levels. Likewise, good families should have a “Business Progression Plan” that increases the opportunity for the family business and the family to become more valuable, and successfully grow the wealth for 100 years. We can help your family develop and apply “a business mentality, disciplines, and profit motivation” to build and preserve the family wealth.

The Anatomy of a True Start
Statistics show that 80% of businesses that go to market don’t complete a transaction. For those that choose succession without an external transaction, 70% don’t survive the transition to the second generation. Meanwhile, in pursuit of some form of exit or transition, countless entrepreneurs forfeit precious time, runway and financial resources, most of which is irrecoverable. We believe that a false start to the journey is the leading indicator of undesirable outcomes.
We’ve created a pre-engagement process to help entrepreneurs clarify and document their known priorities, alongside the areas that are murky in terms of facts, figures, and relationships.
The purpose of this pre-engagement process is threefold:
1. Ensure you know what problem you’re seeking to solve
2. Guide you to assemble a right-fit team, both technically and relationally, and to do so intentionally and proactively
3. Establish embedded checkpoints at which everyone rallies to gut check progress
Go here to take this 5 to 10-minute survey.  We hope the immediate results will provide clarity about which of The Five Limitations to Progress you have nailed, and which you are concerned about.
  • Balance Sheet Analysis
  • Cash Flow Planning and Maximization
  • Integrated Tax and Income Plan Design (1)(2)
  • Retirement Planning
  • Education Planning
  • Special Saving Goals Planning
    (i.e. Weddings, Vacations, 2nd Homes, etc.)
  • Asset and Family Protection
  • Analysis of Professional Advisors and Fees
  • Tax and Income Plan Implementation (1)(2)
  • Bank Financing Analysis and Negotiations
  • Coordination of Team Advisors
  • Analysis and Integration of Private Investments into Investment Strategies

Contact us or click on the book cover to order Kip’s new book: You Can Have It All; Wealth, Wisdom, and Purpose–Strategies for Creating a Lasting Legacy and Strong Family