#smallbusinessowner? Prepared for #retirement? Business succession planning in place? #exitstrategy?

It's crucial for small business owners to plan for retirement and have a solid business succession plan in place. Here are some key steps to consider:

Steps for Retirement Planning

1. Evaluate your current financial situation, at no cost to you.

2. Set retirement goals and we can help evaluate how much you need to save.

3. Consider opening a retirement account like a 401(k) or IRA.

4. Consult with a financial advisor to create a retirement plan tailored to your needs, we have one on our team.

5. Regularly review and adjust your retirement plan as needed, we will track for your comfort.

Steps for Business Succession Planning

1. Identify potential successors within or outside the business.

2. Develop a detailed succession plan outlining roles and responsibilities.

3. Consider tax implications and legal aspects of the succession plan.

4. Communicate the plan with key stakeholders, including employees and family members.

5. Continuously review and update the succession plan as the business evolves.

Helping to educate prior to every decision, Ensuring you have a solid retirement plan and business succession strategy will help secure your financial future and the longevity of your business.