O
wning your own business can be one of the most satisfying
experiences of your life. You can follow your dream, earn a
good living, provide employment for others, and maybe even
make a difference in the world. But owning a business also
entails a lot of responsibilities. With proper planning, taking care of the
things that matter most to your business- building a strong foundation,
preparing for the future and taking care of your employees- can help you
and your business thrive.
Preparing for the Future
You may want to stay in your business for 5, 10, or 20 plus years, but if adversity
strikes or if you decide to embark on a new adventure, do you have a plan in
place to help protect your business partners and family members? Here are some
things to consider:
Who’s going to run your business?
If something happens to you, you might think your family would carry on the
passion you put into your business. While this plan may work perfectly for
some, in many cases, family members may not have the qualifi cations or desire
to continue running the business and your co-owners may not welcome the idea
of an unknown partner.
How might you exit your business?
Even though you aren’t thinking about this now, someday you may decide you’d like to
retire, work fewer hours, or sell the business. When that time comes, do you have an exit
strategy? The graphic below shows many of the elements involved in a successful exit plan. Which is the most important to you?
What’s your business worth?
Knowing the true value of your business is critical to proper
business planning and achieving your personal goals. This is
especially important when you want to retire or sell the business
– and a business valuation will provide you with one of the details
you need to plan the sale of your business. A business valuation
can help:
• Ensure that your business and family are properly protected
• Plan for your retirement, your estate, and a buy/sell
agreement, if necessary
• Create a succession plan for the future of your business
• Prepare for taxable events
As a business owner, if things like this keep you up at
night, it’s time to consult a professional.
Guiding Your Business Down the Right Path
Strategies for Business Owners
GPS for Your Business
Since the founding of Iron Plan Solutions Group, LLC (IPS), our strongest, lasting relationships have been built on the trust
and confidence of our clientele. We strive to understand your needs as a business owner in order to pave your company’s
road to success.
Quite often we identify problems you’re not even aware of.
Our consultation services provide you with specific solutions to manage your concerns and increase the efficiency of your business.
BUSINESS PLANNING
What does
my ideal exit
look like?
How do I begin
to execute my
plan?
What
should I do
to prepare
my business
for sale?
What
is my business
worth?
How do I
protect my
family?
How do I protect
my business?
How do I
grow wealth
outside the
business?
How do
I grow my
business with
an eye
toward my
exit
plan?
How do I prepare
successor
management?
308 W. Government St. Pensacola, FL 32502 ◆ (850) 607-6064 ◆ support@myironplan.com
Areas of concentration include:
▶ Asset Protection
▶ Income Protection
▶ Tax Reduction Strategies
▶ Business Owner/Key Executives
▶ Succession Planning
▶ Executive benefits
▶ Buy/Sell Agreements
▶ Deferred Compensation
▶ Moving Assets from your balance sheet
to your personal financial statement
By taking into consideration your personal
values and financial goals, we create and
streamline your business’s needs.
Your comlimentary
Business Valuation
is waiting for you.
(850) 607-6064
www.MyIronPlan.com
308 Government Street | Pensacola, FL 32502
Mal & Martina Mason
How do I
grow my
business with an
eye toward
my exit
plan?
How do I
grow wealth
outside the
business?
How do I protect
my business?
How do I
protect my
family?
What
is my business
worth?
What
should I do
to prepare
my business
for sale?
How do I begin
to execute my
plan?
How do I prepare
successor
management?
What does
my ideal exit
look like?
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