Retirement
Planning
At ACA Partners, LLC we acknowledge that everything comes to an end, and as the saying goes, so would a business owner’s days of hard work and intense focus on its day-to-day activities. For a passionate business owner who has dedicated a big part of his/her life just to sustain a business, it may be hard to see it that way. However, there is a reality that comes at some point to everyone who works: retirement.
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Now granted, retirement does not necessarily mean not working; rather it can be seen as an opportunity to pursue other “work,” or interests that have otherwise taken a backseat over the course of your business ownership. It can be a time of doing the things you please at your own pace, without much consideration for how it would affect a group of people dependent on your decisions, as in the case of overseeing a thriving business.
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It goes without saying then, that retirement entails careful planning and keen foresight. ACA Partners believes that business owners deserve to live the kind of life they want upon retirement. This means starting with a professional business valuation to fully understand what steps are necessary to prepare the business for the changes ahead.
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Contrary to popular belief, a business valuation should not be done only when required or once the business is ready for sale. Instead, the valuation should be done regularly to ensure the business is operating efficiently (or profitably) and favorably (that is to say according to the business plan, or at least in a positive direction). Your business appraisal can help determine the next phase for your business as you prepare for retirement.
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A business valuation is more complex than it sounds; it involves academically-validated methods with industry-specific valuation factors. ACA Partners’ business valuation expertise is borne out of more than two decades of advising and deal-making experience in the buying and selling of businesses.
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Let the knowledge of your business’ worth help you retire with peace of mind!
