They are more than 200 million businesses in the world and 40 million business owners expecting to sell their business within the next 10 years while 78% of business owners expect to fund their retirement through the sale of their business. Unfortunately, 90% of business owners are either under-insured or have no life insurance predominantly because the process to determine their coverage needs is often expensive, time consuming, and complex thus resulting in only 2% of business owners having a business valuation. Cornbelt Financial has leveraged technology to reduce the cost, time, and complexity of business valuations so that business owners are capable of addressing their business succession plan.
Are you missing the answers to these following questions? If so, we need to speak.
- What happens to your business following an unexpected death of you or a business partner, or key-person within the organization?
- What are your plans for the business when you are ready to retire?
- Will your business survive if either of the previous events occur or if you encounter a medical absence?
A Business Valuation is necessary to assist with the following:
- Succession Planning
- Buy-Sell Agreements
- Key Person Insurance
- Mergers & Acquisitions
- Sale of their Business