Our Services
Business Succession Consulting
The process of transitioning your life’s work can seem overwhelming to many business owners. Unfortunately, too many of them use this intimidation factor as a justification for not doing any planning at all. Others tend to underestimate the task at hand and try to build a plan without proper assistance. The reality is, most business transitions require the assistance of an entire team of advisors from multiple disciplines to build an effective plan. The job of identifying your transition objectives and coordinating the work of this team of professionals is likely too much for you to do on your own. A cornerstone of our business succession engagements is to coordinate the work of your advisor team to construct a plan that gives you the best opportunity to achieve your goals.
Business Continuity Planning
Business continuity planning involves building a plan for the unforeseen scenarios that prevent your primary plan from taking effect. The extended or permanent absence of the owner is enough to derail most businesses and, absent proper planning, it will destroy many of them. By creating a road map that establishes clear roles and responsibilities for your employees and family members to follow in the event of such a situation, you can avoid the loss of value that often accompanies one of these unexpected events.
Peer Advisory Boards & Business Improvement
One of the biggest challenges facing business owners is the lack of accountability. If you are at the top of your organization, you may struggle with making progress on some of your big picture goals simply because there is no one there to “hold your feet to the fire” when the need arises. Many of our clients have found immense value in joining peer advisory boards that are designed to do exactly that. Involvement with a peer board allows owners and executives from non-competing businesses to take time away from working in their business to work on it and build it to the point it needs to be to achieve their goals. For more information about peer boards, please visit www.tabwesternreserve.com.
Informal Business Valuation
It is virtually impossible to build an actionable and effective plan for the future without knowing what your business is worth. In spite of this, approximately only 2% of business owners know what their business is worth. The time and expense associated with completing a traditional valuation report is frequently cited as the reason business owners resist completing this critical analysis. However, through our affiliation with BizEquity, the world’s largest business valuation firm, we help business owners unlock the mystery of business value on a regular basis. Whether it is completing an informal valuation for buy-sell planning, key employee retention incentives or just to satisfy your curiosity, we can help.
Ask Us - We Can Help!
Get helpful information you need in your in box
Legacy Business Advisors is committed to delivering up-to-date and informative news and information about how to achieve a successful exit. Sign up for our quarterly newsletter to hear first hand from our experts and your fellow small business owners how to orchestrate your perfect transition.
Contact
Legacy Business Advisors
Office: 330-350-5419
Fax: 330-722-3115
1093 Medina Road, STE 201
Medina, OH 44256