Hancock Financial LLC

Business Advising & Planning

Having a dedicated Business Advisor & Planner from Hancock Financial, LLC by your side is like having an experienced business partner you do not have to share profits with.

Our Business Advisors & Planners will dedicate themselves to fully understanding the dynamics of your business to help you overcome challenges, identify unforeseen opportunities, make better and more informed business decisions, and to continually create business value. We will develop customized & insightful solutions to keep your business well positioned along every step.

We will coordinate with all the stakeholders of your business as well as your existing advisory team to ensure everyone inside & outside of your organization is moving in unison towards achieving your long-term goals.

Just imagine how much better your business would be if you had an experienced business partner staying focused on the road ahead so you could concentrate on your business.

We take great pride in working with businesses across many different industries and our level of commitment to our clients does not change regardless of the size or complexity of their organizations.

Growth & Transition Planning

Whether you want to scale up, scale down, change product lines, add locations or close existing locations, expand into new markets, or transition your business in other ways, leveraging our expertise, experience, and guidance will allow you to achieve greater success and maintain confidence through transitional periods.

Regardless of the transition you are, or will be, facing, the Business Advisors & Planners at Hancock Financial LLC will develop a tailored transition plan around your goals while staying focused on achieving success.

Business Appraisal/Valuation

Most business owners either guess at, or incorrectly assume, what the value of their businesses might be. Most make the common mistakes of referencing industry rules of thumb or using the sales price of another business in the same industry as a proxy for the value of their business.

Not only are these indications of value typically very inaccurate, but they very frequently lead many owners to make business decisions which inadvertently decreases the value of their businesses.

A business appraisal, or business valuation, should serve as a guidance document for business owners & their advisory teams to follow to foster improvements and generate greater long-term business value & wealth.

How does knowing the true value of your business actually help create & cultivate long-term business value?

1. By placing a constant frame around daily business decisions and consistently steering them towards generating long-term business value.
2. Grounds projections & goals in reality allowing for better short, intermediate, & long-term business planning which cultivates greater business value.
3. Creates better negotiations with suppliers, vendors, employees, lenders, investors, & business partners.
4. Improves succession planning, exit planning, & estate planning and prevents unexpected problems in transferring ownership interest (Connelly v. IRS).

Let our credentialed and experienced Business Certified Appraiser (BCA) assist you in determining the value of your business and start realizing greater business value today.

Succession & Exit Planning

Ownership of a closely held business can become one of, if not the most, valuable financial assets you possess. When you make the decision to develop a succession plan or an exit plan you usually only have one chance to get it right. There are no do overs!

Regardless of the size of your business there are many factors to consider well before & during your departure from it. This is why it is so critical to start the succession or exit planning process early and to consistently monitor developments along the way. In the case of succession planning & exit planning, preparation is crucial to getting it right the first time.

Far too many times we have seen business owners significantly reduce the value of their businesses by failing to plan their departure from ownership until they are ready to walk out the door for the last time.

Whether you want to exit your business this year, next year, or in the next 5-years, let the Business Advisors & Planners at Hancock Financial, LLC help you plan & coordinate your eventual departure and substantially increase the value of your business.

Business Brokerage Services

When you want to sell or purchase a business it may or may not be in your best interest to utilize the services of a professional business broker.

Many business owners attempt to sell or purchase businesses on their own because they 1.) Do not want to pay for business brokerage services; 2.) They do not want to take the risk of having a bad experience or being taken advantage of; 3) They feel their knowledge of a respective business and industry is all they need to successfully purchase or sell a business.

As licensed & experienced Business Advisors, Planners, Appraisers, & Brokers, we can help you determine whether you would truly benefit from the services of a professional business broker or not, and whether alternative methods are more suitable for your situation.