Hey there, business owner! If you started or bought your business with the intent of providing an awesome lifestyle for your family, then this one is for you.
Maybe you have a spouse, dependent, best friend, or other relative working with you or for you. When you were getting started, maybe there were lean years when you did not buy that car, take that vacation, or get that ortho work. And those folks were right there beside you. They also sacrificed for your business.
While you work as hard as you can to shield your family and close friends from financial strain, they are invested. Your business, whether it involves family and friends day-to-day or not, is part of their personal identity. And there are decisions to be made that can impact everybody who closely identifies with your business.
Sometimes you need to make an unpopular decision. Or you may be looking at a succession plan and are afraid of the can of worms that could open. Regardless of the situation you face, if you have family and friends involved in your business, it’s a good idea to have a partner by your side. Well, I’ve got a guy!
I am fortunate to collaborate with my friend Kyle Danner, author of “The Advisor’s Guide to Successful Family Business Engagements.” Kyle grew up in a family business, and now helps other family businesses navigate what can be difficult waters. He helps business owners like you find the path through emotions and biases to a place where they can confidently make the best decision, for the right reason, for their business.
Prosperity Advisors and Kyle find ways to be helpful. While we cannot solve all the problems, we can help find that path to successful solutions that fit your unique business dynamics.
Remember, you started your business with the family in mind – how to include them, how to provide for them, and how to create a legacy for them. Wouldn’t it be great to realize those goals with the least amount of friction and stress possible for everybody, including yourself? Yes? Let us help you!
Prosperity Advisors specializes in finding creative financial solutions that enhance family businesses. As a successful firm founded from the ground up, that employs several 2nd generation team members and provides for their families, we are the very definition of the intersection of business and family. Give us a call!
Questions? Comments? Funny Jokes? Let me know!