Start Your Plan - Now
It’s that time of year. Wrap up 2013 with some last minute tax management moves, and start looking at what is in store for 2014. Most businesses don’t spend enough time putting together a long term plan, and it becomes very apparent when the owner decides to sell his/her business. Daydreaming doesn’t work.
A strategic plan doesn’t have to be hard. Actually, it is better to start off with a simplistic version and develop more detail as time goes on. Plans can change too. Without a plan, you are sure to get somewhere, but maybe not where you intended to go. Aspire Business Development put together their Simple Plan to get you started.
Part of developing a plan is having an idea about whether you intend to grow the business to sell, pass on to family, or just auction off assets. Will your business provide funding for your retirement or your next venture? Whether you are 5 years or 25 years from your end-goal, now is the time to put a plan in place.
Check out the Aspire plan link above to start the process, and talk to your Apex Business Advisor to get information about what makes a business valuable.