helping business owners solve for succession
Owning a business is a dream come true. However, there’s one critical component that small business owners often overlook: a succession plan. As a business owner, it is important to integrate a succession plan into your overall business strategy to ensure your business has a bright future.
According to the Small Business Administration (SBA), there are over 33 million small businesses in the US, and approximately 3 million businesses are owned by someone 55 or older. In addition, a new study by Edward Jones revealed that 31% of business owners place succession planning decisions on hold until one to two years before their targeted transition date.
One thing we can agree on is life is full of uncertainties. Suppose you’re faced with health issues, death, a legal battle amongst heirs, or changes in the ownership structure. In that case, business challenges can arise, your business’s value can decline, and your business, something you’ve worked so hard to build, could face an uncertain future. However, that does not have to be the case for you!
Succession planning can be an emotional process, but it doesn’t have to be difficult. With General Pacific, we offer a succession planning solution that goes beyond selling your business. We provide you with peace of mind in knowing that your business will continue to operate smoothly after your transition, jobs will be retained, you’ve obtained financial security for you and your loved ones, and your legacy will be preserved.
benefits to owner
Secure your business’s future by working with GP to obtain favorable deal structuring that meets your needs and aligns with your goals. Our dedicated team of seasoned executives and entrepreneurs has a proven track record of leading, transforming, and sustaining operations, resulting in unprecedented business results!
Confidently execute your exit strategy, trusting that your business is in good hands and positioned for continued success.
Maintain continuity pre- and post-transition while mitigating risks to retain customers, employees, suppliers, and other key stakeholders that are critical for the future direction of the business.
Maximize your financial gains and obtain the cash you need to retire, save, invest, and enjoy the fruits of your labor — we have committed capital that ensures the certainty of closing!