Business Owners – do you really want to ‘die with your boots on’ without a good plan in place?
Who are you?
You are a successful small- to medium-sized business owner based around the North West, perhaps with fellow directors or partners. You are in your 30’s-50’s and have done well for yourself building a company you are proud of and still a bit obsessed with. You don’t have a lot of time for social media, are generally very busy and have a good sense of humour. You value good advice but don’t suffer fools – in fact some might find you a bit direct and intimidating. You like to deal with people who take problems off your plate and help to solve them, preferring a no-nonsense, to-the-point approach. You work hard and play hard and want a plan in place just in case something horrible happens.
Key questions you should be asking yourself as a business owner:
- Do you worry about what will happen to your family and your business if you weren’t around due to death or illness?
- Do you have owners or employees who are integral to the growth and profitability of your business?
- Would the loss of you or a key person have a severe impact on the company’s ability to trade or repay loans and debts?
- Would you want the business to be sold or give employees/partners/family members a share, or would you want to name a successor?