80% of a business owner’s wealth is locked within their business
Figures courtesy of the Exit Planning Institute
#1 – Start with evaluating how much you need to exit.
Determine your wealth gap by taking the amount you need to start your next chapter minus what you have today. This is what the sale of your business needs to yield to you.
Now you understand how much you need and you know your business has value. But how do you know how much your business is really worth today?
#2 – Order your Business Insights Report.
Sample pages from the Business Insights Report. Click to enlarge.
This 50-page report will show you your business in a new light… through the eyes of someone who may want to buy or invest in your business. Through both financial and non-financial indicators, you’ll receive a picture of how much your business is worth to a 3rd party today, and how much more it could be worth by making specific improvements to your business.
The Business Insights Report ends with a customized plan of action to increase the value of your business. Click to enlarge.
#3 – Follow a plan to increase the value of your business.
If you need your business to be worth more to successfully exit, choose to execute the plan on your own or utilize KeyBright to help you through the process.
When you utilize KeyBright to help increase your business value, you get one-on-one, personalized guidance, support, accountability, progress tracking, and expertise. Along with efficient check-in meetings, you and your team will have access to our software to interact with the action plan, assign actions, and as steps in the plan are completed. You’ll see your business valuation numbers change in real time, allowing you to see the return on investment of your work immediately.
Pricing & Next Steps
Are you ready to see the value of your unique business and receive a specific plan to improve its value?
#1 – Calculate Your Wealth Gap
Every one of us has a goal of what we need to start our next chapter in life. Our wealth gap is the difference between our net worth and our desired goal.
Disclaimer: KeyBright LLC is not a registered investment or tax advisor or a broker/dealer. This content is for informational purposes only and it is important to consult your financial planner before making any investment decision or otherwise.
One approach is to apply the rule of 4, which states that you can take out 4% of your assets each year to last for the rest of your life. – Determine how much money you’d like to spend each year after the sale of the business. – Divide this number by 4% to get your desired savings goal. – Subtract your current net worth from your desired savings goal to calculate your wealth gap. For example, if you need $250K a year every year after the business, take $250K / 4% = $6.25M. If you have $2M in net worth, take $6.25M – $2M = $4.25M. $4.25M is your wealth gap and what you need the sale of your business to yield to you (after taxes, brokers fees, CPA, etc).
Educational material only, not investment advice.
#2 – Get Your Business Insights Report
Knowing how much wealth you need to harvest from your business, find out how much your business is worth today, what your business should be worth, and a plan to increase value.
This 50-page report uses over 1,000 data points to show you:
– Your current business valuation – Your level of exit readiness & attractiveness to a buyer – Your profit gap relative to competitors – Your breakeven point and safety margin – At what level you can sustainably grow without changing your finance structure – Your credit risk assessment as observed by a lender
– And most importantly, what the future value of your business could be, and a path to achieve a higher valuation
$10,000 $5,500
#3 – Execute The Plan
With the plan generated at the end of your Business Insights Report, you can began a journey to increase the value of your business.
You can execute the plan on your own, or work with KeyBright to track and support the steps of the plan.
We offer experience in helping small businesses increase the value of their business. Our software platform allows you, your team, existing advisors, and CPA to engage with the plan, assign, and complete tasks.
Once steps in the plan are completed, your business value is automatically updated in our software. This means you’ll see the valuation of your business change in real-time, allowing you to calculate the return on investment for the steps you’ve taken.
$0 Execute the plan on your own
$3,500 / month-to-month KeyBright support
$2,700 / month KeyBright support (6-month minimum)
