We intentionally spend a lot of time up front creating pro formas and models. Business owners usually have historical profit loss statements, balance sheets, etc., but often they’re not forecasting into the future. A pro forma enables a business owner to report what they have done in the past, make a series of assumptions that […]
Are your children — your heirs — clearly passionate about your business? Do they express their vision for the future? Will they problem-solve their way to prosperity? In this episode, Tim Scannell uncovers six traits that entrepreneurial kids tend to possess. Using examples from his own life and that of his clients, Tim shows you […]
Some teams lack key members. I’ve worked with companies that need a Chief Financial Officer, and we make those recommendations. You can’t underestimate the value of a CFO. They are more than administrators of the accounting process. Good CFOs provide business owners with timely and accurate financial data that you can adjust on the fly. […]
We are very selective when it comes to those who join our clients’ external team. We make sure each preferred advisor team member has experience and knowledge to share. We carefully identify the skills needed to meet the clients’ goals, and we match the skills needed with the right expert. Sometimes it takes nearly two […]
Wouldn’t it be great to have the confidence of knowing your wealth is preserved, your assets are protected, or even that the next generation is equipped to manage their wealth? In this episode, Tim Scannell discusses how entrepreneurial business owners, even with the most complicated financial situations, can achieve their optimal financial world. Listen in […]
Sometimes, fly fishing entails picking a new spot. It’s okay to exit and re-enter elsewhere depending on the ebb and flow and where the fish gather. Fishing entails adjusting and reacting and changing, based on conditions. It’s the same with succession planning. You must be prepared to adjust according to external changes in conditions. We […]
Before I enter the river, I must strategically decide where I think the fish are hiding and where I think I will have the greatest opportunity to find them. I must be very quiet. I’m not going to set off alarms or make much noise. When I think of entering the river from a business […]
Everyone wants to protect their wealth, no question about it. But have you considered that if you’re a high-income earner, you’re more vulnerable to litigation? In this episode, Tim Scannell unwraps strategies for shielding your wealth, with a special focus on asset protection strategies. This is a must-listen conversation in which Tim walks you through […]
It would be a huge waste of time and resources to simply show up at the edge of the Platte River and start fishing without any preparation. You really must be prepared when you get on the river. It’s the same with business succession planning. You need to have the tools you need to adapt […]
Right now, I’m working with a management team that is interested in purchasing the family-owned business where they work. I firmly believe the founders, the family, and the management team will benefit from this succession plan. It’s a win-win situation, and I am happy to help make it happen. My team has spent almost two […]
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This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.
All data and information reference herein are from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other information contained in this research is provided as general market commentary, it does not constitute investment advice. The team and Hightower shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced. Such data and information are subject to change without notice.
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