We often work with successful business owners who struggle with maximizing the value of their business so they can take care of their families.

When we first met with a business owner in a small community outside of Pittsburgh, who owned their practice for 30 years, we learned that they were looking to sell.

He wanted to receive maximum value for his life’s work of the past 30 years, but wasn’t 100% confident he had the right person to replace him or the right solution for succession. Also, he was concerned about the tax implications of selling the business and the real estate where the business was located.

So we guided him through our process The Independent Lifestyle Process™

We were able to help him identify his wealth gap which is the difference between where he is now and where he wants to be from a cash flow perspective in retirement. Next, we helped him identify the value gap of his business to make sure that the business was truly worth what the people appraising the business told him it was worth. This allowed us to maximize the value of the business and helped him receive more than he thought was possible.

We also helped him identify what life was going to look like for him after the sale of the business. Unfortunately, most people don’t do this. They don’t consider what their life and identity will be outside of the business. It is critical that people get clear on what they want to be known for beyond just the success and the money. Beyond just their business identity. Part of this included helping him get clear on what he and his family valued most. Lastly, we helped him avoid unnecessary taxes from the sale of the business and the real estate where the business was located.

He was able to successfully sell his business and more importantly, he and his wife are now living their legacy and solidifying it for the next generation. They bought a second home near two of their kids and grandchildren. He is creating a legacy for himself and his family that will last for generations as well as success and significance beyond his business.