Success Story: Planning Your Transition

Matt has a fantastic business with incredible employees. He loves his people, loves being at work, and enjoys everything about being a business owner.

As much as he loves what he is doing, there is a 100% probability that someday he will no longer be a business owner. And the problem is, time keeps marching on. 

So what does he do? Does he just keep marching on doing the same thing and let transition happen on somebody else’s terms? Or, does he go ahead and start making the decision that the company can continue someday without him? Ultimately, these tough decisions can ensure the legacy of his family and many of the other things that are important to him.

After several questions from vendors, employees, and management about what his long-term plans were, Matt knew he needed to take action. 

That is when Matt came to visit Schulz Wealth. We were able to begin our business owner transition process, understand Matt’s desires, and discuss options. 

Would it be a management buyout? Would there be a sale to a strategic third party? Potentially private equity sale? Nope! Matt, who cares greatly about his employees, decided that he would transition his business to his employees through an ESOP. 

From understanding Matt’s long-term goals, we were able to help facilitate a transition that: ensured the continued success of his company, took great care of his employees, and made sure his family was taken care of, all while he was able to continue the day to day inside the business.