I-Succession: Lesson 3 Part 1

Posted By: The Foresight Companies I-Succession,

I-Sucession: Lesson 3 on Adding Your Business and Business Real Estate into Your Financial Plan

By Daniel M. Isard, MSFS

I-Succession is about three key items when it comes to transferring your business (or in the inverse, buying a business). These items are Preparation, Planning and Execution. In this third video of the series, I am focused on the Preparation for the sale. The number one reason that people do not sell their business when they should is they are afraid they won’t have enough money for the rest of their lives. There is no guarantee that any preparation can guarantee this, but for most people, the understanding of how much money it takes to be financially independent is the start.

Through this video, I am showing you a hypothetical calculation of the determination of how much money you need. This is your first objective. Then I get into the analysis of your current assets. What do you choose to include and what not. Check out this video please. Let us know what your thoughts are. This is custom designed for the IFDF member!

Daniel M. Isard | Founder

7301 N. 16th Street, Suite 103 | Phoenix, AZ 85020

602-274-6464 |  danisard@theforesightcompanies.com | www.theforesightcompanies.com