Business Continuity and Succession Planning (BCSP)

Business Continuity & Succession Planning

What is Business Continuity & Succession Planning (BCSP)?
Business continuity & succession planning focuses on planning ahead. These services help business’s prepare for an unexpected disaster, death or any other changes that spark transitions within the business. Business continuity & succession planning takes a range of personal and financial factors into consideration while creating a plan that meets the goals of each unique business.

Why BCSP is Needed

The way in which a business transition is planned and executed can literally “make or break” your business’s future. Business transitions pose a host of personal, business and family issues to work through. There are financial and tax implications. There are performance issues. There are emotions. Having a well-defined business succession plan and process can protect and enhance your financial future while ensuring harmony among family members and employees.

Our Unique Approach – The BCSP Process

Transition Point Business Advisors follows a proven process to help you successfully transition to the next phase of life and exit your business while protecting your hard-earned legacy, minimizing taxes and maximizing family harmony. We first focus on you as an individual. We learn about your values, goals and dreams – for yourself, your employees and your business. Your vision becomes our vision, and it guides every aspect of our succession planning process.

OPPORTUNITY MEETING – Discovery

  • We learn about you
  • You learn about us
  • How we can best help you
  • Discuss our process
  • Proposal for Phase I
PHASE I – Diagnostic
  • Proposal Presentation
  • Discussion and approval
  • Provide Phase I services
  • Deliver diagnostic report
  • If appropriate, create proposal for Phase II

PHASE II – Plan Implementation

  • Proposal Presentation
  • Discussion and approval
  • Provide Phase II services
  • Determine next steps
  • If appropriate, create proposal for Phase III
PHASE III – Annual Business Review
  • Proposal Presentation
  • Discussion and approval
  • Provide Phase III services
  • Determine annual review
For more information or how we can contact you regarding Business Continuity and Succession Planning, please fill out our Contact Us Form on how we can connect with you.

 

Or contact us at 515-225-4486!

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