Exit Planning Tools for Business Owners

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Exit Planning Articles by Michael Jones, CFP, CEPA

Michael Jones, CFP, CEPA
President, Ataraxia Advisory Services, LLC
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Michael Jones is the President of Ataraxia Advisory Services, LLC. Prior to becoming a Certified Financial Planner™ professional, he spent several years in management and engineering roles for various Fortune 500 companies. He has a B.S. degree in Mechanical Engineering from Virginia Tech and an MBA from the Krannert School at Purdue University.

Active in the community, Mike has served in various capacities for a number of organizations including the Montgomery County Educational Foundation, his church’s finance council and Rotary International, where he is a past President of the Blacksburg Noon Club. He is also a part-time finance faculty member for the Pamplin College of Business at Virginia Tech.

Mike resides in the New River Valley with his wife, Chrystal, and their 3 daughters. In addition to spending time with his family, he enjoys fishing and firing up the grill or smoker whenever he can.

 
 

Recent Articles posted by Michael Jones, CFP, CEPA

Recent Articles posted by Michael Jones, CFP, CEPA

Business Continuity Planning

A business continuity plan is a document that contains everything needed to successfully preserve the company’s value in the event of an owner’s death or incapacitation. There are 2 parts of a good plan. The first is the information that the family and employees need to keep the business going over the short term. The other is a longer-term strategy for the company in the event that the owner will be permanently absent.

Is your business too dependent on you?

By definition, a small business depends on you, its owner. Especially if you are its original founder. After all, the business would never have existed without the leap you took to start it in the first place. It wouldn’t have survived it’s early years without the sweat, tears and sacrifices, financial and otherwise, that were made.