Broker Check

Business Owners

Most financial advisors want to plan for business owners the same way they would plan for an executive with only W2 earnings.  The advisors at Northbridge Wealth Management understand business planning to be more nuanced and complex than simply managing an investment portfolio or funding a life insurance trust.  The ultimate goal of our business planning process is:

MAXIMIZE THE VALUE OF THE SINGLE LARGEST TRANSACTION OF YOUR LIFE!

EXIT PLANNING PROCESS

(For owners looking to exit their business within the next 7-10 years)

Our 7-step Exit Planning Process is designed to:

  1. Identify your goals relative to selling your business (maintain culture and local presence, maximize sale price, transfer to family members, etc)
  2. Identify your business and personal financial resources
  3. Build and preserve existing business value
  4. Successfully sell your company to a third party (if applicable)
  5. Transfer your ownership to insiders (i.e. children, co-owners, or key employees)
  6. Coordinate your business continuity planning with your lifetime objectives
  7. Coordinate your personal wealth and estate planning with your Step One objectives



VALUE DRIVER PROCESS

(For owners actively growing their business with no clear exit timeframe in mind)

1.  Identify Strategic Objectives:  We will help you identify the long-term goals you plan to achieve for yourself and your   business.

2. Quantify Resources:  We will help you assess your current personal and business financial landscapes.

3. Close the Gap:  We will help you target specific areas in your business that can increase value and close the gap between where you are today and where you want to be after you leave your business.