You’ve worked long hours and sacrificed a lot while building your business from the ground up.  Now you have an incredible team in place, capable of moving the company forward for decades to come.  So, you’re thinking about selling your business.  What’s next?  What will your business card say after you sell.  Who are you after the exit?

Research shows that 75% of business owners profoundly regret selling their business one year later.  That’s because selling a business is more than a financial event.  It is a deeply personal transition.  Your company has become a significant part of your routine and identity, and it gives you a sense of purpose. Letting go can be liberating, but it can also feel disorienting.  Financial success is of no value if you are not happy.  That is why it’s so important to think about what comes next and consider what you want your life to look like after the sale.

This is where life planning becomes essential. You need to look beyond the sale and design a life that’s intentional, fulfilling, and aligned with your values.  Don’t just think about what you’ll do with your money, think about how you will spend your time.  What will you do at 7 o’clock Monday morning when you are no longer going to work?  How will weekends feel when they are just two more of the seven days a week you don’t have to work?  What will you do to positively impact the lives of others?  What do you want your legacy to be?

For your exit to be truly successful, the next chapter of your life should be the best chapter.      

A successful exit doesn’t happen overnight. It requires time, careful planning, and the right team that understands what’s important to you.  Every decision matters, from optimizing your business for sale to identifying the right buyer and structuring the transaction. 

Because the process can be overwhelming, we believe most business owners find great value in having a CERTIFIED FINANCIAL PLANNER® who is also a Certified Exit Planning Advisor quarterback the team of professionals needed to help ensure your business plan, financial plan, and personal life plan are aligned.  Aristata Financial can be your quarterback and be with you every step of the way.

We’d love to be part of your life planning journey to help you Secure Your Legacy Across Generations.

Sources: https://blog.exit-planning-institute.org/test

Any opinions are those of Aristata Financial and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected, including diversification and asset allocation.

Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.