You’ve built a successful company and now you’re thinking about life after business. By planning ahead, you ensure that the business you’ve worked so hard to build will pass into capable hands and allow you to retire successfully.
Keystone Business Transitions, LLC (KBT) is dedicated to providing business owners with a customized business transition plan and the tools to facilitate a smooth ownership transfer, enabling you to achieve your financial and non-financial goals.
A business’s value is based on an educated estimate of the future cash flows each owner will accrue. The process involves an in-depth financial analysis, as well as an understanding of the Company’s strengths and weaknesses, its industry position, and its outlook. Future cash flows must be transferable and sustainable in order for the business to have value in the marketplace.
Exit Planning is the holistic approach to designing a strategy that ensures you receive maximum value for your life’s work and achieve your non-financial goals. It encompasses setting exit objectives, organizing a team of trusted advisors, and creating a roadmap to accomplish your objectives.
Your trusted advisors – attorney, CPA, financial advisor, and others – have been important to your success, so they should be part of your exit planning team. As we work with you, we’ll collaborate with your trusted advisors to help you achieve a successful exit.
Don Feldman is the founder of Keystone Business Transitions, LLC, a Lancaster, PA firm devoted to helping business owners smoothly exit their companies. He has been a CPA for over 25 years and a valuation professional for 20 years. For the last 15 years, Don’s practice has focused on succession and exit planning, including transfers of business interests to family members and key employees, as well as sales to outside buyers. Don has earned the designation Certified Exit Planner™ from the Business Enterprise Institute of Denver, Colorado.
Building a successful business requires planning. Whether the businesses provides products, services, or ideas, it likely took years of refinement, study, and analysis to determine the best business model. A similar effort is required for successful Exit Planning. Exiting But Not Retiring Some business owners don’t have sufficient financial and business resources to retire fully. They might need to continue… Read More
With the New Year upon us, business owners are thinking about goals for the coming year. These will surely include business growth and profitability. One of the longer term goals most commonly shared by owners is to successfully exit their businesses over the next 10 years. Most business owners have a sense of how much longer they want to remain… Read More
1. Can Junior Run the Business? A major problem we encounter here is the failure to adequately consider whether children are capable of managing the business and the related issue of whether children really want to own and manage the business. Frequently, mom and dad simply assume that the children are their natural business heirs and the assumption in the… Read More
