When it comes to your financial planning business and succession, we understand that it’s a sensitive topic requiring considerable thought and often thorough planning. It is something that most go through once, perhaps twice in a lifetime. So it’s too important to get it wrong.
Our suggestion is to start with yourself and ask some fundamental questions primarily around control, preparation, and timing. We have available a diagnostic tool that has been developed specifically for Financial Service Business Owners. It asks some critical questions and assists to provide clarity on what will, and won’t suit you, and your personal circumstances
The tool is designed to give clarity about
Generally, an exiting principal will want the following outcomes
When it comes to the event itself we have found the best thing a vendor can do is define clearly what their aspiration outcome is and with the weighting built into the system a customized aspiration outcome will be defined.
We can offer you the following at this point
Before talking to us, please request a confidentiality document to be signed by us. Doing this should give you comfort that your anonymity and company information will be protected.
We understand this is a sensitive delicate exercise to go through and that confidentiality is paramount.
When it comes to selling your business, keeping things under wraps can be a strategic necessity. Anonymity safeguards your company’s value, prevents unnecessary chaos, and ensures you’re in control. Let’s dive into the why, how, and who of staying incognito while you work toward achieving your optimum outcome
When it comes to selling your financial planning practice, it’s not about chasing the market. The best time to sell isn’t dictated by market highs or external conditions – it’s about you. Surprisingly, the ideal time to sell is when you don’t need to. Why? Because selling from a position of strength allows you to plan, negotiate, and execute the sale on your terms. Let’s explore why this approach leads to better outcomes and how you can prepare for the most rewarding exit.
At Growth Focus, we’ve seen many deals that start with fireworks but fizzle out before the grand finale due to an insidious culprit: Deal Fatigue. It’s that feeling when the journey becomes so long, convoluted, and draining that both parties are ready to throw in the towel. Think of it as a marathon where, halfway through, you’re questioning your life choices and wondering why you didn’t just Uber to the finish line. In the world of financial service practice sales, it’s all too common—and entirely avoidable with the right perspective.
Here’s the thing: spotting red flags and deal breakers isn’t about assuming the worst in others. It’s about knowing yourself. What do you really want in this deal? What are your non-negotiables? And what’s worth working through?
Growth Focus has noticed a phenomena in Financial Service Practice sales just before a contract of sale is to be signed. We call this the Deal Wobble.
Risks in Second Installment Payments Insights from Growth Focus Introduction In the world of mergers and acquisitions (M&A), particularly within the financial advice sector, transactions
