What role does your business Play in your financial freedom?
Have you accurately assessed the value of your business?
How will your involvement in your business change over time?
Who will lead your
Business when you retire?
Planning for peace of mind
Build business value. Protect what you’ve built. Prepare for your next journey.
“Odyssey Planning created a process for me to consider areas that were keeping me up at night. We worked through solutions, and Odyssey was my quarterback to coordinate the moving pieces to make it happen. Without them my business would not have experienced the growth we have seen.”
Want a starting point? A valuation is how an outside party would view fair market value for your business. This valuation is based on your specific industry, updated with current multiples of revenue. Not just a value today, we can project future value to see what effect your strategy will have.
Written instructions from you to your team and family to communicate your intentions and share your day to day knowledge about the business. The continuity analysis often finds blind spots and becomes the foundation of a planned or unplanned exit from the business.
A transition plan creates the structure to minimize taxation, create maximum value for you, and make sure everyone understands the outcome. Issues like how an insider can overcome the hurdle of finding capital to purchase the business or how you can maximize your sale price and minimize the tax loss.
Identify where can you create the maximum increase in business value. Are the right people in the right seats? Are there written processes for your business operations? This assessment looks at practical strategies to increase value and what measures can be used to track the progress.