Running a business in fields like waste management, HVAC, and construction is tough work. At McKenzie, Hoover, McPhee, Russell Private Wealth Management, we’re here to make sure that hard work pays off, helping you turn your business achievements into long-lasting financial success.
Managing cash flow
Keeping a steady cash flow is crucial, especially in blue-collar jobs where the money can be unpredictable. We’ll partner with you to set up a solid plan that keeps your business financially healthy all year, no matter the season. We’ll show you how to manage your money wisely to keep your business running smoothly and set you up for growth.
Together, we can determine:
- Your monthly needs and how much to budget for your leisure activities.
- The ideal travel budget for you, your family, and perhaps your grandchildren as you celebrate the wealth you’ve created.
- The best ways to pass capital on to the next generation.
Business succession planning
Thinking about the future of your business? Whether you’re looking to sell, pass it on to family, or just step back, we're here to guide you through every step. We’ll help you figure out what your business is really worth, understand the tax stuff, and find the best way to make the transition smooth. We'll even help facilitate discussions to make sure everyone's on the same page.
Some of the big questions we can help you answer:
- How much is my business really worth?
- Can I increase the value with certain changes before selling?
- What kind of buyer am I looking for and how should I structure the sale?
Through IG’s Private Company Advisory, our specialized and advanced corporate team focuses exclusively on helping you get clear answers to enable you take the right action and can also assist with negotiations and even bring in financial partners if and when necessary.
