Sell, merge or hire? You have spent your entire career building your business. How do you maximize the value?
Less than 20% of the industry has a written succession plan in place and according to the Small Business Administration, 70% of all private businesses will fail in the 1st generational transition.
Let The Straub Group help you clarify your best solution. As a company, we have helped advisors identify the best course of action to meet their unique business needs and our clients are focused on Succession Planning now more than ever. Do you sell? Who can afford to buy your practice? How do you value the business?
Many common benchmarks and formulas don’t always tell the whole story. A custom approach and accurate evaluation require more intimate knowledge of your business. The Straub Group can clarify your succession planning goals whether to sell, merge or groom from within.
The average time financial advisors plan for a business transition is within 12 months of implementation. Experience has shown that it takes 3-5 years to implement a successful strategy.
We have expertise to help you navigate through these complex issues.