A few weeks ago we published an article discussing how vital it is to hire a team of professionals to help you effectively plan, create, and conclude your exit plan. Now a recent article in USA Today supports that notion. Entitled “Retirement: Why Small Business Owners Don't Save,” the articles ultimate conclusion was this:
“Robert Bosart, financial adviser with Wells Fargo Advisor's Group in Birmingham, Mich., says entrepreneurs and small-business owners need a team. ‘They need a CPA, a financial planner and a good attorney on the estate side. There is a realization once your head comes out of the clouds that, 'I need professionals guiding me.' It's a partnership.’"
Of course to this team listed above we add a vital partner: an M&A advisory firm/consultant!
And why is a team important?