consultative services
In addition to the education material provided, we also provide consultative services to help you with a specific aspect of your succession plan implementation. We have outlined the different services below. If you are unsure what the best service or approach is for you and your business, feel free to schedule a complimentary call with our team to discuss.
Business OFFER
We will provide you an offer to buy your business and two consultative calls to review in detail. This service will include a call to collect the information needed to create an offer to buy your business, as well as a one hour follow up consultation with Malcolm Thomas to review the offer and discuss options for continuity and succession.
What’s included: 2 one-hour calls with our team of professionals, an offer to buy your business, and continuity and succession options.
Continuity Plan Development
This is a one-hour consultation call to review your current firm structure and collect the information needed to complete your continuity plan.
This service includes helping you with each of the 5 steps in your continuity plan, the right continuity partner, what the transition of business would be, and how to structure the compensation. Our team will take the information and send you a template with all the information you need to have an attorney complete your continuity plan.
What’s included: 1 one-hour call with our continuity professional, and a template with all the information you will need to draft your agreement with your own attorney.
Maximize your value
Do you already have a business valuation but would like to increase the value?
We will provide a one-hour call with our team to review your current valuation, current resources, and firm goals. As a result of this call, we will develop an action plan for you to implement, focusing on 2-3 key areas of your business that will aim to increase its value. We will also provide a follow up call after 6 months to review the plan and progress.
What’s included: 2 one-hour calls with our team of professionals and an action plan for increasing the value of your business.
Deal Structuring
You have decided to sell your business. You have obtained a business valuation to benchmark your practice’s worth. Maybe you have a successor lined up, or perhaps you are still searching. Regardless of your stage in the process, understanding the fundamentals of an asset purchase will allow you to mold the actual purchase price from the foundation set by your valuation. Looking at the deal from a buyer’s perspective provides you with the insight needed to maximize the amount you are ultimately paid.
We will provide a one-hour consultation call to provide an in-depth explanation of the different pieces of an asset purchase and how your personal tolerance for certain situations will impact the ultimate sales price. As a result of this call, we will schedule a follow up one-hour consultation to provide you a summary of how you could structure your deal, allowing you to be educated when speaking to potential buyers.
What’s included: 2 one-hour calls with our succession professional to discuss the structure of an asset purchase, and a deal summary to use with potential buyers.
Is owned by Innovative Financial Group and we offer continuity and succession options for your firm and with our affiliated independent advisors.