Succession Planning for Business Owners in West Michigan: A Retirement Strategy, Not Just a Transaction

If you’re a business owner in West Michigan, your company is likely both your biggest asset and your biggest concentration risk. That’s why succession planning shouldn’t start with a buyer, a valuation, or a legal document. Instead, it should start with a retirement plan that works even if the business changes hands.

In our latest video, Jeff Williams explains the “mindset shift” many owners face: moving from relying on the business as the primary financial engine to building personal financial independence outside of it. That often includes:

• Planning years in advance to create options (internal transition, external sale, or phased exit)

• Building a diversified “nest egg” outside the business to reduce risk

• Coordinating the right team so tax, legal, and investment decisions align

At Grand Wealth Management, we help business owners connect these moving parts through The Grand Wealth Management Process™, so your transition plan supports your lifestyle, legacy goals, and long-term confidence.

Watch the full video to learn how a well-designed succession plan can strengthen your retirement plan and reduce uncertainty, before a transition becomes urgent.

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_{Disclosure:
The discussions, outlook and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives. Before investing, an investor should consider his or her investment goals and risk comfort levels and consult with his or her investment adviser and tax professional.}

_{Grand Wealth Management is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Grand Wealth Management’s investment advisory services can be found in its Form ADV Part 2 and/or Form CRS, which is available upon request.}