{"id":1478,"date":"2020-06-22T22:01:54","date_gmt":"2020-06-22T22:01:54","guid":{"rendered":"https:\/\/www.b2bcfo.com\/brandon-wellford\/?page_id=1478"},"modified":"2022-12-13T19:50:02","modified_gmt":"2022-12-13T19:50:02","slug":"legacy-planning","status":"publish","type":"page","link":"https:\/\/www.b2bcfo.com\/brandon-wellford\/legacy-planning\/","title":{"rendered":"Legacy Planning"},"content":{"rendered":"<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1521 size-full\" src=\"https:\/\/www.b2bcfo.com\/brandon-wellford\/wp-content\/uploads\/sites\/2\/2020\/06\/Legacy-Planning.jpg\" alt=\"\" width=\"960\" height=\"350\" srcset=\"https:\/\/www.b2bcfo.com\/brandon-wellford\/wp-content\/uploads\/sites\/236\/2020\/06\/Legacy-Planning.jpg 960w, https:\/\/www.b2bcfo.com\/brandon-wellford\/wp-content\/uploads\/sites\/236\/2020\/06\/Legacy-Planning-300x109.jpg 300w, https:\/\/www.b2bcfo.com\/brandon-wellford\/wp-content\/uploads\/sites\/236\/2020\/06\/Legacy-Planning-768x280.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/h2>\n<h2>Most privately held company owners spend too much time working &#8220;in&#8221; their businesses instead of &#8220;on&#8221; their businesses.<\/h2>\n<p>Successful entrepreneur business owners are so focused on the business\u2019 success that they forget to spend time protecting, for generations to come, the very success they created.<\/p>\n<p>In our complimentary Discovery Analysis\u2122 process, we see all the time, that owners make good business decisions; however, when asked if they have an estate or succession plan to protect the success for the next generation, the answer is a resounding \u201cNo.\u201d<\/p>\n<p>As a trusted business advisor to the business owner, we feel compelled to help to shift that focus from \u201cIn\u201d to \u201cOn.\u201d We do this by helping the business owner be more introspective regarding their life goals and desires for the success they have created. We ask questions like the following.<\/p>\n<ol>\n<li>What keeps you awake at 3:00 A.M.?<\/li>\n<li>How do you want to be remembered?<\/li>\n<li>What are your business passions?<\/li>\n<li>Do you have a plan to fund those business passions?<\/li>\n<\/ol>\n<p>Many times, the answers to these questions will actually shift the business focus in a different direction. We find that money isn\u2019t the ultimate motivator for most business owners. More often the motivator is an intangible benefit achieved like social recognition, passing value to the next generation, or simply peace of mind knowing that, \u201cI have made it.\u201d<\/p>\n<p>Our proven process is designed to help a business owner achieve that ultimate satisfaction knowing that the success they worked sometimes their entire life to achieve will benefit others now, and for the next generation, and for generations to come. John Parise, Founder of Copper Beech Financial Group said, \u201cAbout 70% of the value of a business will be lost by family infighting, income taxes, and poor decisions by the third generation removed from the business founder.\u201d Our process is designed to help the business owner make great decisions today with the assistance of expert resources to develop a plan that will protect the value of the business for years to come.<\/p>\n<p>As we say at B2B CFO<sup>\u00ae<\/sup>, \u201cFirst Direction, Then Velocity<sup>\u00ae<\/sup>.\u201d This applies not only to the business itself but also to the legacy plan the business owner executes now for generations to come.<\/p>\n<h2>My Expertise<\/h2>\n<p>Please see my \u201cAbout\u201d page to read about my qualifications to be an expert on this subject.<\/p>\n<h2>Get Started With <\/h2>\n<p>Get Your own complimentary* Discovery Analysis\u2122 from B2B CFO<sup>\u00ae<\/sup><\/p>\n<script>\nvar 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