Advise on Long Term Planning
“Begin with the end in mind. Start with the end outcome and work backwards to make your dream possible." - Wayne Dyer
What is your end goal for the business? Sale to investors? Sale your shares to existing partners? Retain ownership to be passed to future generations? Let me help you consider these and other important questions for the future, then create a plan and timeline to get you where you want to be.
What is the purpose of the business?
- Do you have a mission statement?
- What is the purpose and goal of growth?
Where are you now?
- Is your business where you want it? If not, what is limiting you?
- What stage of the business life cycle are you in?
- Entity Diagram / Business Flow
Where are you going?
- What does your 3, 5, 10 year plan look like?
- Do you have key employee life insurance to protect the company?
- Do you have a succession strategy?
Is your business sustainable?
- Are your processes scalable?
- Could your processes be automated?
- Have you formed partnerships / profit sharing with key strategic people?
- What is the management structure?
- What is your employee turnover rate?