Business Owners
Are you building your business to sell?
Many business owners don’t think this way, to their detriment.
They’re so busy running day-to-day details that the endgame isn’t in sight.
Along the way, the intangible value of their business isn’t protected, and the company becomes too dependent on them.
If not corrected, family and stakeholders will be at risk.
Plus, the hope of one day enjoying plenty of time and money becomes out of reach.
But there’s a solution.
BOSS focuses on endgame planning for business owners like you.
We’ll help you create a business succession plan so you can exit on your own terms, to live your next stage.
How will BOSS help you?
Our succession journey will develop a plan to achieve your endgame on a desired timeline.
Our valuation services are provided through BizEquity and will provide a baseline marker of where your business value is today as compared to others in your industry.
Our Value Enhancement Assessment and Services powered by the Value Builder System will -
Identify vulnerable areas in your business
Discover areas for improvement to enhance your value
Create an action plan for steps toward improving those weaknesses.
Our “What is Your Endgame” Report will help business owners determine how personally they are prepared to execute their endgame. What will you do in the next stage of your life?
Our “Freedom of Choice” will help the business owner understand how much they will need to live the lifestyle they want at the next stage and how much you will need from the sale of your business to live that lifestyle.
Our Community Members will have access to educational content, forum, and resources for business owners to improve their business.
Are you ready?
Let’s work together and plan for the next — and best — stage of your life.
Business Strategies
You probably own a business or operate within a small group of owners.
You’re passionate about having freedom with your time and money. You’re also driven to provide for business stakeholders, family, and personal interests.
Whether you are thinking about your endgame or not, build an optimal business that is ready for sale at anytime.
Recently you may have been thinking about exit planning. The problem is, you’re not sure how to start. And there are a lot of variables.
Since the business is likely 70% - 80% of your net worth, you face the real danger of not having a contingency plan. This puts your stakeholders, business, and family at risk.
To enjoy a happy post-business life, it’s critical to understand both your financial and emotional needs.
We’re here to help. We’ll show you how to look at your business as an asset with transferable value, so it can be sold.
Here are some business strategies we use with your other advisors to help you:
Creating Your Target Date
This can be an actual date when you want to exercise your endgame from your business or it can be a date when you measure a key milestone.
Articulating Your Target Personal Interest or Vision
You need to know what’s next in life. You never want to regret leaving your business because there was nothing better waiting after the endgame.
Projecting Your Target Financial Needs
You need to project your net worth in order to maintain your lifestyle for the future. This involves calculating your after-tax needs on an annual basis.
Determining Your Target Gap
Your personal assets can be stress-tested and projected out to your target date. This value is subtracted from your target financial needs. The difference will reveal whether you have a gap in your personal assets.
Growing Your Financial Net Worth
This is where you design an asset portfolio for your target financial needs. The target gap must be filled by your business, which is usually the largest asset in your portfolio.
Optimizing Your Transferrable Value
Every business is in a state of change – decline or growth. If the business isn’t trending upward, then it is stalled or declining. Value without transferability is like owning a unique painting that no one else appreciates.
Protecting Your Business Value
One day you’ll exit your business. The question is whether the exit will be planned or unexpected. Have you taken steps to minimize the impact of one of the five Ds – Death, Disability, Divorce, Disagreement, or Departure?
Revealing Your Gaps
The target gap is needed for exiting, but you may be facing two other gaps – profit and value. Lost profits mean less resources to attain your target financial needs. Additionally, the multiple used in valuing the business will not likely be “best in class.” A lower multiple means a lower sale price for your business.
Understanding Your Four Intangible Capitals
Whether a buyer is willing to pay a higher multiple depends on the strength of your business intangibles. These include Human Capital, Customer Capital, Structural Capital, and Social Capital.
Viewing Your Scorecard
The true test of your success is in both marketplace and industry standards. Even if you’re beating your previous period, you may still be underperforming when compared to your competitors or industry trends.
We’d love to use these strategies to help you.
As a result, you'll become better engaged with your business from an executive perspective.
You'll create a company that is ready to be sold if you receive an unsolicited offer.
Most importantly, you'll have a business with enhance value and profit generation, enabling you to invest in other retirement assets.
MISSION
The BOSS mission is to empower business owners to transform their enterprises into valuable assets. We provide innovative business coaching and strategic insights to help you view your business through a new lens, optimize its potential for sale, and enhance its overall value. Through valuations and educational content, we are dedicated to guiding you towards sustainable growth and a more profitable future, ensuring your business achieves its highest potential both today and tomorrow when the owner is ready to transition from their business on their timeline and on their terms.
VISION
To be the leading catalyst for business transformation, fostering a thriving community where owners harness their enterprise's full potential. Through valuations, targeted coaching, and strategic succession planning, we aim to elevate business value and empower growth. By creating a dynamic membership community enriched with interactive discussions, exclusive events, and cutting-edge educational resources, we envision a future where every business owner is equipped to drive lasting success and achieve their highest aspirations.
CORE SERVICES
Business Succession Journey: Through a systematic approach and proven methodology, we guide business owners from meeting their lifestyle needs to achieving freedom of choice. We help you transform your business into one that you either truly enjoy running or that is ideally positioned for sale. Our educational events are designed to illustrate the journey of successful business succession and empower you throughout the process.
Business Calculated Value: Powered by BizEquity, we utilize web-based software to deliver valuations for planning purposes, helping business owners understand their current business status and track measurable improvements over time with updated calculations
Business Value Enhancement Techniques: Offer educational content and tools to help business owners identify and address areas needing improvement. Collaborate with them to uncover obstacles that are hindering business value and provide an action plan focused on eight key business drivers. Additionally, we conduct seminars to teach techniques for enhancing business value effectively.
Community Memberships: Business owners will benefit from a community platform for sharing questions and answers via discussion forum boards. They will receive priority and discounted access to educational events, as well as exclusive access to blogs, videos, resources, and other valuable educational content.