"The secret of change is to focus all of your energy not on fighting the old, but building the new."

BUSINESSES

Statistics published by the American Express Open Forum show that:

  • 30% of small business owners haven’t calculated how much money they will need in retirement.

  • Less than 25% have a formal plan for transferring their business to a new owner when approaching retirement; and,

 

  • Only 40% of small business owners have consulted with a financial advisor

 

Statistics reveal:

  • Business owners are busy running their business , leaving little time to look beyond immediate priorities

 

  • Whereas business owners might focus on one component of his/her financial concerns, like retirement savings, they often do not spend the time developing a comprehensive financial strategy; the result being that,

  • Other elements that the business owner should consider; i.e. employee benefits, key man insurance, exit strategies, buy/sell agreements are neglected.

If you are a small to mid-size business owner, Foresight Solutions will help you look at your business strategically, helping you to synchronize your personal and professional goals.

 

Our Process for Businesses:

 

Step 1: Establish and connect your business and personal objectives through thefinancial planning process

 

Step 2: Identify your business and personal financial resources for current andfuture income needs

 

Step 3: Identify key areas of building and preserving your company’s value

 

Step 4: Identify the options of exiting your business whether it is selling to anoutside party or transferring ownership internally.

 

STEP 5: Connecting your resources and goals in establishing a plan and timeline ofexiting your business.

 

STEP 6: Ensure business continuity while increasing the value of your business toachieve your retirement income needs.

© Foresight Solutions, LLC

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610-765-1130     

381 Brinton Lake Road, Glen Mills, PA

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Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Foresight Solutions LLC are not affiliated.

This communication is strictly intended for individuals residing in the states of CO, CT, DE, IL, MD, NC, PA.