According to figures from the Office for National Statistics, for the first time in over a decade more businesses closed than opened. It's been a perfect storm of high interest rates, high energy costs and reduced consumer spending.
If you're thinking about retiring or selling your business, now may be a good time to start that planning and pass the baton onto someone who has the energy, ideas or capital to weather the storm.
However, exiting requires planning both for your business and for your life once it's sold that aims to maximise your standard of living.
So why do most financial advisers keep the two areas of business and personal finance separate?
At Private Label Wealth, we’re different. We can actually advise you on the exit as part of your retirement planning- we’ll understand your goals and help you shape your business for sale and to maximise shareholder returns. We can then create a holistic, integrated plan covering not just your personal wealth, but your entire wealth across both personal and business assets- this leads to better outcomes for all, now and in the future.
If this is something you’re interested in, let’s have a cost free, no obligation chat to see if we can help
Gareth
Entrepreneur Adviser with more than 20 years experience working in finance. Specialist in helping SME business owners and entrepreneurs plan for a life after work, including maximising exit value,…
