Establish an Owner Risk Profile.
SniderValueIndex brings middle market business owners and their successors the tools, insights, and strategies to produce results. Follow the “Best-in-Class Business Tips” blog series for quick tips on how to cultivate a value-producing rhythm within your organization and drive the performance of your team.
Establish an Owner Risk Profile while you can still impact it.
The second stage of Value Maturity is about protecting what the owner already has. That means de-risking the business in case something goes wrong as well mitigating business and personal asset risk. Review your ownership structure for asset protection, tax efficiency, and optimum transfer value and tax strategy for third party, family, employees or management transitions. The stage also includes personal financial planning to ensure assets are invested appropriately and to identify what assets will be needed post transition. Establish an Owner Risk Profile at least 18-24 months out to determine what assets are available to support growth.
Change the outcome. –Chris
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About our author:
Chris Snider, CEPA, is the award-winning author of Walking to Destiny: 11 Actions an Owner Must Take to Rapidly Grow Value & Unlock Wealth, a business strategy book about the Value Acceleration Methodology(TM) written for business owners and the advisors who serve them. Snider is a professional keynote speaker and content provider to the middle market business community, trade & industry associations, and professional education organizations.
For his written work and his contributions to the industry, Snider has been awarded recent honors that include 2016 NACVA Industry Titan Architect and 2016 AM&AA Thought Leader of the Year.
Walking to Destiny is a five-star rated book that truly empowers owners with the knowledge and path to effectively positioning their business and themselves for exit options down the road, sure, but perhaps more importantly, rapid business growth today.
Snider is the Managing Partner of Snider Premier Growth, the CEO/President of Exit Planning Institute, the Founder of ThinkTank Publishing House, and the contributing author of SniderValueIndex.com. Chris is a family business owner, owning stakes in 8 lower middle market companies with his son, Scott.