Client Action Plan

Sikich’s assessment offers a personalized review and tailored recommendations for a comprehensive business succession and wealth plan.

client action plan

Building a succession success story

We partner with you, your business and other advisors to develop a customized Client Action Plan. This plan incorporates your goals and lifestyle preferences into a business exit, succession and legacy strategy.

We start with a comprehensive review of your business and personal situation using our customized assessment workbook, analyzing tax position, value drivers and risks. From this, we create a tailored Client Action Plan to protect business value, safeguard wealth and prepare for succession. Our advisors then guide you through each phase, helping you achieve your goals and lasting financial freedom.

client action plan

Creating your action plan

A typical Client Action Plan addresses the business, personal, financial and tax issues of a privately owned company. By aligning these goals, we discuss your vision for family, lifestyle and future. A Sikich advisor helps you work through these concerns, beginning with a current valuation of your business and preparing it for transition. Our personal approach starts with a clear picture of your company’s worth and a focused discussion that includes:

Do you know what your business is worth?
How attractive is your business to a buyer?
If you received an offer today, would you be ready to accept it?
What are you doing to mitigate risk?
Are you prepared for an unexpected event?
Are you focused on creating value or sustaining a lifestyle?
Who is a likely successor?
What is your timeline?
What is next for you in retirement?

client action plan

Are you doing everything to protect your business’s value?

While much of the Client Action Plan focuses on increasing value, protecting it through risk mitigation is equally critical. As part of the assessment, Sikich leverages the expertise of its diverse consultants to evaluate:

Technology: Is your infrastructure strong enough to keep operations running without interruption?
Human capital: Do your HR policies attract and retain top talent and identify key employees for transition?
Long-term viability: Does your current business plan carry risks that innovation or acquisition should address?
Operational efficiency: Have you invested in technology and equipment to keep delivery costs competitive?

Experts