What is Business Life Planning?

Business Life Planning is a planning process during which participants consider all available growth and succession options. Business Life Planning is a systemized process that provides a solid platform from which you can develop your business and establish important lifestyle goals. It is an ideal process for a business in transition and/or an owner who wishes to revisit their lifestyle priorities.

Business Life Planning provides participants with the opportunity to make informed decisions about their future.

Examples of the benefits of Business Life Planning include:

Making a conscious and fully informed decision to improve a particular aspect of your
   lifestyle
Introducing new owners who are like-minded and fully understand the business and
Reaching consensus for your business’ future direction

Do you need a Business Life Plan?

A Business Life Plan (BLP) addresses events that business owners face everyday. Below are some everyday events that are assessed during a Business Life Planning Consultation:

Poor health or death of owner
Dispute between owners
Purchase of equity by key staff
Change in business circumstances
Owner looking for a change in lifestyle
Loss of key staff
Absence of successor
Declining profitability
Increased competition
Possible acquisition
Merger opportunity
Resignation or retirement of a principal
Loss of business enthusiasm