Often times, business owners want us to increase their company’s profitability, sales, margin, or return on investment. However, we believe that increasing the salable value of the company is paramount. By taking the steps that are required to increase the salable value of your business, you will simultaneously be driving profitability, sales, and many other desirable outcomes for your business. At Heritage Business Advisors, we believe that knowing the targeted value of your business only comes from a fully quantified, written personal financial plan.
Once your personal financial plan is completed, the value growth team knows the targeted value your company needs to attain in order to achieve your personal goals.
At Heritage Business Advisors, we believe that the only way to properly grow the value of your company is to do so in conjunction with personal wealth management. The idea behind this is a simple one: in order for your business to succeed, your house must first, be in order. As business owners, our business goals are often tied directly to our personal financial goals. Because of this, Heritage Business Advisors has developed a business management process that combines your personal wealth management with your business’ and drives them toward their common goals.
With your personal financial plan in hand, the value growth team can begin the value growth process.
The Business Value Growth Process
The process of Value Growth for businesses is a complicated one that requires time, dedication, and plenty of determination. Due to the complexities, we have broken it down into four main categories of illustration: assessment, analysis, consulting, and adjustments. Aspects of these categories may take place at separate times or in tandem.
The Consulting Process
Understanding how to put action to the recommendations is just as important as knowing what you need to do. However, with everything business owners must accomplish in their day-to-day operations, it’s easy to grow weary. When we are tired or overwhelmed, we often seek ways to unburden ourselves. This is why you need a coach to help you to manage all that is required of sticking to the value growth plan and to hold you accountable.
Once you’ve completed the Organizational Process, we transition into the Consulting Process. Here, we will continue working toward your goals through face-to-face meetings and constant assessment and adjustment. You will get to know your value growth advisor very well and they will work diligently to help you through every step of the process.
Just one of the many ways we feel your trust is gained is by being 100% transparent about the fee structures. Click to learn about our Wealth Management fee structure.
If you are ready to discuss the details of how Heritage Investors will manage the financial strategy of both your personal and business, schedule a meeting with one of our team members.