130 Springside Drive
The smartest move you can make is to simply start planning. The following information helps clarify the various solutions available as part of an overall goal-based plan for your small business. The decisions you make today can help improve the future of your business, your family and your retirement.
You are bound to encounter some challenges in this phase which can interfere and erode the income you need to build up your wealth. Some of the challenges you might face include:
A comfortable retirement depends on the successful transition of your business. Different succession strategies may include pros and cons:
Before making any important decisions, it’s critical to know the market value of your business, including your current and projected revenue and your assets. Working with an adviser to determine what your business is worth today will support your succession planning goals in the future
As a small business owner, the success of your business supports your family, your employees and their families. But what if something happens to you?
And what about threats like natural disasters, security breaches and identity theft? Properly managing risk can help ensure that your business will continue to provide for the people that rely on it.
Your key employees are valuable assets that help keep your business running. Losing even one can be costly and trigger a ripple effect, including:
Losing a key employee to a competitor can be even more damaging. Rewarding key employees with long-term incentives gives them both validation and financial security that may result in higher retention rates.
It is also important to have a strong employee benefits package. We evaluate the design of different group benefit options to achieve the optimal structure and the best fit for the company. We also have partnerships with Third Party Administrators, to help with the administration of the plan and to ensure that your employees are getting the highest level of service.