Specializing in Successful Business Transitions for Closely-Held Business Owners
With more than 25 years of Exit Planning and Business Continuation experience, business owners hire Byron as a trusted Exit Planning Specialist. He helps owners evaluate their existing strategy, clarify the technical details of their Plan and work through complexities to allow for the successful implementation of their Plan. "My mission is to help my clients gain the clarity to confidently define, implement and manage their Plan." --- Byron McFarland---
Do you want to exit your business someday... on YOUR terms?
Whether you are considering your transition out of the leadership role with your company or you plan to sell your company to a third party or "insiders" in the future; Have you given consideration to the following? Does your Plan give security to those who depend on the future success of your company? Does your plan motivate key employees to help build business value and sustain the value of the company by staying through an ownership transition? Have you identified your successor?
- Insiders: Family Member(s) or Employee(s) Insiders
- Do you feel that your "successor owner" has the skills and knowledge to successfully operate the company independently?
- Do you know how the purchase will be funded, particularly if the buyer does not have the cash to pay your purchase price?
- Third Party-Is your company ready so that you can expect the maximum purchase price?
Do you know the 'number" that will sustain your life-style long after your exit from your company? Do you know how you will unlock the hidden equity in your company? Have you overcome complexities that may have prevented you from implementing one or more aspects of your plan? If you answered yes to four or more of these questions, CONGRATULATIONS YOUR PLAN is well underway. If you answered yes to fewer than three of these questions, consider this: With an Exit or Succession Plan in place will you, your partners, your stakeholders, and/or your spouse sleep better at night knowing that YOUR plan is in place? O Is it Is i
Is it time to talk to Byron about the Components of Your Comprehensive Plan?
Business Continuity Build and Preserve Business Value Ownership Transfer to Insiders or a Third Party Preservation of Your Personal Estate and Wealth
Resolving Exit Planning Issues & Developing Value Building Strategies
Developing an Exit Plan is a journey, not a destination. And developing a Comprehensive Exit Plan may take years. Fortunately, having Byron on your team of professional advisors helps you gain the clarity and confidence that you are moving down the best road for you and your company, not necessarily the road most traveled!
Read what my clients are saying: Testimonials
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Northwestern Mutual hosted a speaker series with Steve Forbes and Northwestern Mutual chairman and CEO John Schlifske. The three day tour included panel discussions in Louisville, Cleveland, Indianapolis, Kansas City, Houston and Dallas, and saw nearly 4,000 attendees in total. In each city, Steve and John discussed the economy, the markets and how individuals and business owners can rebuild their financial foundation.