Our Process
Our wealth management strategy for business owners is based on the notion that in order to reach your long-term financial goals, ALL your assets, including the sellable value of your company, must be increased to their maximum value. This implies we’re more than just financial advisors or business consultants. Our vast experience in business value growth and exit planning strategies at Endure Advisors combines personal and business aspects, as well as taxes, insurance, and legal, into clear, actionable plans for you and your company’s future.
According to statistics, the net worth of 80% of small business owners is directly linked to their company. Understanding this is crucial for the owner to achieve his or her financial goals.
We believe that growing the value of your business in tandem with your personal wealth is critical. The concept is straightforward. To determine how much your business needs to grow (and sell for) to fulfill your personal financial goals, you must have clearly defined personal financial goals.
Business Value Growth Process
Our Relationship is a Simple 4 Step Process
Assessment
A benchmark business assessment will be used to start the Business Value Growth process. Your adviser will look at eight main aspects of your business throughout this assessment. Your company will be assigned a starting position once the assessment is completed. You and your advisor will also have a better idea of which aspects of your organization require the most attention. This gives us the information we need to figure out where you are now and how to get you to where you want to go.
Coordination
Increasing the value of your business takes time. As you improve in one area, other areas will react, necessitating changes. It can be difficult to pivot from one area to another without losing momentum established in prior areas. During the alignment phase, you will begin strategic planning for each area of your firm. While you should see tiny gains at the end of each session, you’ll need to go through numerous strategic planning cycles to achieve your ultimate objectives.
Implementation
These meetings could take place up to four times per month. If your goal is to plan your exit, the sessions will be focused on updating the data points that will help you get there. The benchmark value of your organization will be measured at the end of each strategic planning cycle, as well as annually, for those aiming toward value growth. Our strategic planning service guides clients through the progression of their strategies, monitoring and correcting as necessary.
Reviews
We’ll analyze your work and make adjustments to the data when the implementation phase is completed. On an annual basis, you will obtain a new appraisal. After that, your net worth statement is updated with the new figures. Your advisor may make further recommendations as we go over the facts. Because the process of increasing business value is continuous and ongoing, many of our clients choose to repeat the cycle after they’ve finished it, improving even further.