The Exit Planning Institute reports that almost one out of every two business owners (49%) do not have a strategy to transition their operations smoothly. Of those with a plan, 34% admit it has not been well-documented or well-communicated. As fellow small business owners ourselves, Whyte & Associates, Inc. of Rancho Cucamonga, California, understands when plans are not “set in stone,” they may as well not exist! Knowing these rather ominous statistics, it should come as no surprise that 50% of all business exits are “forced” (due to deaths, disabilities, divorces, distress, or disagreements).
As a team of business consulting professionals near Ontario, California, that you can trust, we can help you avoid these dire consequences. Therefore, you can leave on your own terms and protect what you have worked so hard to build and grow.
Yesterday! The second best time to enlist the expertise of our professional consultants is “right now.” After all, the savviest business owners (and, possibly, your competition) know the importance of surrounding themselves with exceptional partners. And ideally, they select and lean on those partners from the get-go, at the very genesis of the idea to become the business later. We are proud members of our clients’ advisory “cabinets,” and we work synergistically alongside attorneys, bankers, and other “specialists” to give your business a sustained, competitive edge.
No one knows your services or products quite as well as you do. Likewise, we are proud to say the processes that make your business hum, regulatory and compliance requirements, and the intricacies of various milestones (from formation to dissolution) are second nature to our highly skilled and experienced team of licensed accounting, tax, and advisory professionals. All of the scenarios and skill sets mentioned here are ripe for business consulting. In fact, the sooner we can identify opportunities to minimize tax liabilities, avoid penalties, and heighten operational efficiencies, the better off your business will be. The tax savings may be invested back into the company to accelerate its growth. At the same time, efficiency-minded strategies reduce the headaches and waste draining your workplace culture’s vitality and essential resources.
We strive to establish sound strategies today. So, you can make a big, favorable splash tomorrow by avoiding the “worst.” Many owners may have wanted to take their businesses to the next level yesterday but are currently in no position to do so. By partnering with us, we position your business for success well into the future. Our team starts by collecting and analyzing your company’s historical data. We aim to identify meaningful patterns, which may represent areas to harness or build upon. Likewise, these patterns could reflect your “areas for improvement” and should be perceived as priorities to be addressed now rather than later.
Now, we ask you, Do you seek freedom from the business? Are you excited about potential acquisitions to grow your business? Are you just transitioning your business from the “idea” to the commercialization stage? Whatever the case, we are here to help with a valued, fresh, outside perspective and trusted, consultative tax and accounting expertise. Let’s talk! Start today by calling our office in Rancho Cucamonga at (909) 575-0080.
Back to Business Consulting Page
