It’s nice when things line up perfectly — no surprises. Of course, that rarely happens in real life, and less often in business. DZH Phillips helps clients create and maintain order even in the midst of the most complex business transitions. We’ll make sure you have all your ducks in a row so that you can sell your business to a family member, third party, or through an ESOP. Our unique Exit & Succession Planning process allows you to create wealth for yourself while safeguarding your business for those who come after you.
Your business is your largest investment. Over the years, it has helped you build a healthy portfolio and generate wealth. If you are envisioning retirement, you may be wondering how to make a smooth transition that will keep your business on solid ground and help you meet your next set of financial goals. Here are some questions you may be thinking about:
- To whom shall I entrust the vision and management of my business?
- How do I successfully extract myself from the business?
- If I want to continue to play a role, what is the best way to do so?
- How can I still reap benefits on my business investment?
- What is the best way to share my wealth with others?
To maximize your net worth and secure your legacy, your best strategy is to find a firm that houses the expertise you need under one roof. The financial professionals at DZH Phillips have developed a unique process for guiding you through each critical juncture involved in your exit strategy. We’ll help you develop a plan that will benefit you and your family, and secure the financial future of your business.
Step 1 – The Discovery Process
We begin by identifying the dangers, opportunities, and strengths that will inform your exit plan. We’ll ask questions such as: What do you want to do? Who are the up-and-coming leaders in the business? How much money do you need to retire? What do you think your company is worth? Do you have charitable interests that you want to pursue?
Step 2 – The Feasibility Analyzer
Feasibility involves evaluating potentials and benefits, such as: Is there a market for this business? What are the potential outcomes and how will they affect cash flow? This step allows us to analyze potential courses of action and anticipate their end results.
Step 3 – The Value Calculator
We’ll perform a complete assessment of the value of your company and its overall marketability. Additionally, since your business is likely the largest asset in your portfolio, we will assess your personal financial plan: monetizing your business must work in concert with your overall financial picture.
Step 4 – The Plan Matrix
A tactical process for identifying and establishing succession is ideal for the client whose valuation matches their price expectations, but also helps those for whom this may not be the case. Your report will provide the detailed goals of a transaction, exit options, deal structure, and action steps. If the valuation is not where you want it to be, we will suggest a course of action, along with key steps and recommendations aimed at the targeted price.
Step 5 – The Implementation Coordinator
We will work with you to coordinate and monitor the implementation of your plan through regularly scheduled meetings, development and monitoring, oversight of staff, and improvements in financial reporting. You will receive a dashboard report with KPIs, along with the results of our ongoing monitoring.
Step 6 – The Sales Navigator
DZH Phillips assembles your various service providers and helps you navigate through any necessary transactions, including those involving attorneys, bankers, financial planners, and buyers and sellers. Our carefully developed task list takes the transaction team from offers, to letter of intent, to closing.
Step 7 – The Transaction Wrap-Up
Most firms leave after a transaction is completed, but DZH Phillips assists in journal entries, coordinating tax reporting—including the preparation of specific federal and state forms and schedules—and creating reports for buyer, seller, and company.