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Positive Momentum

Positive Momentum

| May 02, 2023

Tom and Elizabeth have owned a highly successful industrial company for 26 years. They have 2 children. The oldest is in medical school and the youngest is a junior in college studying art. Neither has any interest in running the family business.

Hard workers and diligent savers through the years, they believe that they should be able to retire comfortably.

The problem is that a significant portion of their net worth is tied up in their illiquid business and they have been too busy to think about this.

Without creating a written succession plan, the retirement that they have hoped for is in jeopardy.

While they should have the resources for the basics, it is likely that their travel and philanthropy plans may need to be drastically trimmed back.

Hope is not enough.

They need to monetize their company in order to do what they want to do with their lives.

Monetizing their business takes a great deal of planning in order to achieve the best possible outcome.

Further, they need to be confident that the after tax proceeds from the sale of their business will provide the cash flow that they need to realize their dreams.

The bad news is that this takes time and work.

The good news is that, by identifying their dream team, creating a strategy, developing a list of critical tasks and chipping away at each one, they can dramatically increase their chances of success.

I help clients like Tom and Elizabeth to identify the members of their professional team who have the knowledge, expertise and wisdom to move their vision from their heads and into the drivers seat. This positive momentum moves them closer to what they want most in their lives.

Message me ‘I need a dream team’ to start the conversation!

#bestlife #positivemomentum #whatsnext#beready!