"What Financial Buyers Want"

Speaker: Ryan Schultz, CPA (Evolve Capital) and
Thomas B. Hoyt (Independent Bankers Capital Funds)

Date: March 10, 2017
Place: Travis Wolff Accountants, 15950 N Dallas Parkway, Suite 600 Dallas, TX 75248
Register: Here


"Practical Considerations When Selling to Employees"

Speaker: Greg Reed, CFP and Steve Goodner

Date: April 14, 2017
Place: Travis Wolff Accountants, 15950 N Dallas Parkway, Suite 600 Dallas, TX 75248
Register: Here


"Passing the Torch to the Next Generation-Key Considerations"

Speakers: Cleve Clinton (Grey Reed McGraw) and
Greg Sampson (Gray Reed McGraw)

Date: May 12, 2017
Place: Travis Wolff Accountants, 15950 N Dallas Parkway, Suite 600 Dallas, TX 75248
Register: Here


1 comment

Category: Financial Planning

Finding the right financial advisor for you is a very personal matter, and, making the right decision is more important than you might think. It's just as important as identifying the right attorney or CPA. For most lower mid-market business owners, the majority of their investible net worth is tied up in their business. If you fall into that category, you might think that you don't need a financial advisor until that equity has been unlocked and is ready to be invested. I disagree with you for several reasons.

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Category: Financial Planning

Finding the right financial advisor for you is a very personal matter, and, making the right decision is more important than you might think. It's just as important as identifying the right attorney or CPA. For most lower mid-market business owners, the majority of their investible net worth is tied up in their business. If you fall into that category, you might think that you don't need a financial advisor until that equity has been unlocked and is ready to be invested. I disagree with you for several reasons. Here are a few:

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Are You Set for Life

Feb 11, 2013

Category: Financial Planning

That depends upon what you mean by “set”. For some it means that you know what you want to do with for the rest of your life. For others it means you know what you want to do and you have the financial means to carry out those wishes. While you might think you are set for life, you really aren’t unless you have quantified your goals and have a solid plan to achieve them.

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Jack Strikes Gold

Feb 11, 2013

Category: Financial Planning

Up until now, Jack thought he was a business owner when. In fact, he was self-employed because he viewed his business as a source of income that provided a handsome lifestyle for himself and his family. From that standpoint, he had reached his original goal. Unfortunately, he never gave much thought to value. Why should he? Value is not part of the discussion unless you are talking about an asset. Jack did not view his business as an asset, but rather as a source of income. Now that he was thinking about exiting, he discovered that the value of his business would not produce sufficient net proceeds to support his post-exit life style. Jack decided that it was time to set a new goal. His new goal was to increase the value of his business.

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Jack Goes for the Gold

Feb 11, 2013

Category: Financial Planning

Jack had labored long and hard in his business. Now, in his 60’s, he decided it was time to move on and pursue the things he loved – more time with family, hobbies, traveling without a care about his business, and volunteering. His first question was, what is the business worth, and what would he need to get out of the business to support his ideal lifestyle. After all, many of his expenses had been paid for by the business with before tax dollars. The next consideration was how would he exit. He could sell the business to his employees, or, to an outside third party.

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Category: Financial Planning

Jack had been in business for 30 years. According to him, he went into business to “create a better life for myself and for my family”. Over the years, he had invested considerable time and effort in his business, not to mention plenty of sleepless nights worrying about employee issues, payroll, competition, the economy—you get the picture. You can understand why Jack felt entitled to take out a handsome salary. The salary was nice, but the perks were even better. He paid for as many personal expenses with corporate dollars as he could think of. The only challenge was how to book the withdrawals so he could call them a tax deduction. This was his idea of tax planning. That strategy allowed him to enjoy the perks without an increase in salary which came with additional tax. And then there were the special purchases. He saw things he wanted - cars, boats, planes, fancy vacations, vacation homes, and all sorts of goodies that he felt he “deserved”. After all, he had made many sacrifices. All he had to do was grab cash from the piggy the bank, that is, write himself a check from the corporate account.

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Category: Financial Planning

As a business owner, you are well positioned to create whatever you want in life. There is no one telling you what to do or how to do it. There is no one telling you what your life goals should be or how to achieve them. Business coach Steve Strauss says, “If you don’t have what you want in life, it’s because you don’t know what you want.” If you can articulate and feel what you want your life to look like after you leave your business, and are committed to that vision, you are at least 90% there. The rest is details. As an experienced business exit planner, it truly amazes me how many business owners cannot articulate what they really want to do after they leave their business.

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Category: Financial Planning

Exit planning is a dynamic process that is designed and implemented by an Exit Planner who coordinates all the needed resources and professionals, collectively called “the team”, that are required for the business owner to successfully transition ownership of his or her business, regardless of the strategy he or she selects.

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Category: Financial Planning

A slow market is not necessarily a bad thing. It’s all a matter of your perspective, resources, preparedness, and frame of mind. Here is a list of things you might have done this summer. How you spent your time, and money, is some indication of your priorities and resources.

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Category: Financial Planning

Picture this. You walk into your personal financial planner’s office and tell him that you have decided to move all of your cash into a business and then you proceed to share the following details with him:

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