Succession planning is important from both a financial as well an emotional perspective. Many owners understand the financial reasons for succession planning, but the emotional side gets in the way. Brost Enterprises understands that businesses can be more than just financial returns. Many owners want to leave a legacy that may include
Remaining a leader in the industry or community.
Ongoing opportunities for their employees.
Ensuring their customers are taken care of.
Brost Enterprises works with business owners to ensure both their financial as well as emotional needs are met as they develop a succession plan. Helping owners think about and discuss their legacy, prepares them for selling or transitioning the business to their key employees, children or unaffiliated company. This can include both contingency planning as well as a planned retirement/liquidity event.