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The Business Owner Exit–Succession Process

By Scott Everly

It has taken years to get your business where it is today. Although it may seem premature to discuss an exit strategy, it is an equally important element of your business plan. The business owner’s exit plan can affect many decisions related to the business, since the exit plan could be one of many options, including initial public offerings (IPO), strategic acquisitions, or management buyouts (MBO). (1)

All business owners must one day transition the business, which means advanced planning is critical to achieving their goals—both for their business and family. Nearly 48% of business owners who want to sell their business someday have no formal exit plan. (2) What is the advantage of creating an exit strategy? For many business owners, it could put them in a tax-favored position once they are ready to make a move.

Let’s take a look at what Wealth Management Resources covers in our strategic exit-planning process. 

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Is a Recession On the Horizon? How We Watch Over Your Money

By Alexander M. Medici, MBA, CIMA®

It’s no secret our world is a bit uncertain these days. It feels like we’re constantly waiting for the other shoe to drop. If you’re like most people, living with this level of uncertainty day in and day out can be stressful. As much as we may not like living with instability, the market likes it even less. 

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Why I Became a Financial Advisor

By Scott Everly

Most of us can point to specific people or events that have influenced our choices and made an impact on how we live our lives. For me, it was the inspiration and example of my father that led me to where I am today. I grew up surrounded by the world of finance and learned early on about the positive effect a solid financial plan can have on one’s future. My father, Arthur Everly, co-founded Wealth Management Resources, Inc., a company that has been a part of my life for as long as I can remember. Seeing how my father helped people achieve financial success and the appreciation they have shown him in return has made a lasting impression. Ultimately, I want to provide value in others’ lives by helping them build a solid financial foundation. It was my father’s example, and the realization of how I could also impact people’s lives for the better, that led me to choose to continue in my father’s footsteps and pursue a career as a financial advisor. 

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