Congratulations, you sold your business and turned years of hard work and smarts into cash. Now how to you continue to grow and protect these assets? With the right advice and treating your assets with the same care you treated your business, that’s how.
After exit, you’ll have five possible ways to use the assets you created:
- Retirement – enjoy your family and hobbies
- Entrepreneur – start a new business or invest
- Children – fund their education or trusts
- Family Legacy – pass on to future generations
- Charity – give back to your community or causes
The Five Buckets
of Personal Wealth
HOW AEG BUILDS YOUR WEALTH
Begin With the End in Mind
As you grow your business, even before you think about selling, get clear about what you want for your personal life during and after sale and what scenarios you will live with.
Agree on Your Personal Priorities
Three things need to align to be ready to sell or transfer your business: your business, you, and the market. Are you prepared for alternative outcomes if you can’t exit when you want or on your preferred terms?
Determine How to Allocate Resources
Based on your planning and current situation, now is the time to fill out your investment portfolio. Decisions about your portfolio allocations, living expenses, entrepreneurial ventures, charity, include qualified investment accounts, and tax-favored investments all benefit from professional advice.
Manage Risk
Review your risks, which include longevity, legal documents, liability and other factors to protect your assets as well as peace of mind. You built an awesome business but alternative approaches to risk warrant advice from a professional.