It sounds like your business is already implementing some sound strategies that are starting to help you see gains. By this point, you have a company that is operating at full speed. This is your chance, financially speaking, to turn it into a well-oiled machine. During the maturity phase, growth may continue to occur, but the breakneck days of exponential expansion are typically in the past. This slowing down creates a time to fine-tune systems and processes that may have been stretched during the growth years. You may already have some plans in place to help alleviate any potential tax or financial problems your business may face, there is always room for improvement when it comes to the financial wellbeing of your organization.
To avoid stagnation — there are plenty of ways I and my team at Cordasco and Co. can help your business grow, while also decreasing tax and financial burdens, leaving you with more net profit! I am a seasoned Certified Public Accountant with more than 35 years of experience in public accounting. Nearly half of that time has been spent procuring and growing my own team of talented tax and business financial experts at my firm, Cordasco & Company, with the primary focus of helping entrepreneurs grow, scale, and maintain their businesses.
Checklist during the Maturity Stage:
I, and my team, work diligently to ensure that our clients receive individualized and high-quality service — no matter the size of your business! Utilize our expertise to help your business overcome tax and financial challenges, firm up your business’ financial foundation, and set the organization up to meet and exceed its goals.
Call us today at 912-353-7800 to book an initial consultation or video chat and let’s see how we can help your business. You can also email us at [email protected] or auto schedule an appointment, here.
Interested in learning more about business growth phases and navigating tax and financial challenges? Order your copy of my book A Framework For Growth: Smart Financial and Tax Planning Strategies Throughout the Entrepreneurial Life Cycle today!
Need for an “Exit Strategy” is on the Horizon
Given that you answered that you plan to exit your business in the next 5 to 10 years, it does seem that developing an “exit strategy” should be on your list of priorities in the near future. As you near this change, preparing for your next phase of life is essential. A big payday may be planned. This is the time to attach numbers to your desired lifestyle after this venture is done. Before you make any transactions, evaluate your options with your advisory team. Keep in mind your upcoming income needs and tax liabilities. My team and I are standing by, ready and willing to help you formulate your exit strategy.
In the meantime — here’s a checklist, to get you started: