Reaping the fruits of your lifetime work while securing your company's future
You have built a great business. Years of relentless work, dedication, persistence, passion, ideas, sacrifice. A strong, profitable company. And now, you are wondering. What’s next? How to find the right person to take over? How to reap the benefits of all this work without jeopardizing the future of the company?
We, at Synthesix, believe that company transmission is a huge, largely underestimated challenge. And first and foremost a long-term endeavor. One that starts with careful, thought-after preparation.
First, you need to organize your business so that it can operate without you. Really. You need a take-over candidate to feel confident he will be able to run the business on his own. So you’ll need to re-organize, delegate more without losing control and to document core processes and activities in new ways.
Next to building the transferability of your business, it is equally important to highlight its true value-creation potential. The accounting of a small business rarely allows an external observer to fully understand its wealth and real earning potential. And building full transparency of your cash flow statements will not happen in one book year. So the earlier you start, the better you’ll be.
Thinking about it? Please call us. We might be able to help you maybe more than you think…