Business Transition Consulting LLC
Business Transition Consulting LLC (BTC) helps business owners define and articulate personal and business values, set business and personal goals, identify action plans to accomplish those goals, initiate the action, execute the plan, and analyze the result. BTC emphasizes the process of making good decisions, making sure to involve both personal and business aspects in the decision-making process. BTC works to empower business owners to make timely decisions based on careful planning and conviction, rather than deferring matters indefinitely.
There are two essential types of transition plans, the contingency plan (providing for the contingency of an owner's death or disability) and the transition plan (addressing the transition of the business to its successors). BTC helps to enable both plans.
BTC has successfully coached owners of a variety of businesses. BTC works with clients through a planning process providing focus on one or more of the following:
- Evaluating creative ideas for expansion or profit-enhancement.
- Improving relationships between family members or co-owners.
- Creating a stronger vision of the company’s strengths and potential.
- Identifying conflicts and weaknesses that are holding back progress.
- Developing processes for focusing decisions and taking timely actions.
- Evaluating relationships and structures restricting personal and business growth.
- Identifying and improving ineffective and undesirable management behaviors.
- Achieving a better balance between business and personal needs.
BTC services are customized to meet each client's needs, with sensitivity to the qualities that make each person and business unique. For example, BTC helps managers identify the strengths and weaknesses of their workforce, and then coaches them on how to motivate, terminate or co-exist with employees. For partners or co-owners who have different values or visions, BTC can facilitate better communication and cooperation. A common benefit results from coaching engagements - important goals become clearer and gain priority, while obstacles become less obscure and formidable.
Change is difficult. For companies that are closely-held, middle-market, professional service, or family-owned the problem is similar: businesses leaders must overcome inertia or procrastination and plan for transition. This planning involves difficult issues that must be faced not avoided. There are barriers that keep owners and managers from perceiving reality.
BTC facilitates a group decision-making environment to produce good decisions to create effective planning by helping owners define values and have meaningful conversations with one another.
The principal consultant of BTC is Rick Riebesell, a business owner, business consultant, teacher, and lawyer.
A consultant who specializes in finding solutions for the problems of owners of closely-held (owner-managed) businesses, Rick works with business owners to focus on results that create wealth from ownership of a business interest.
As Principal Consultant of BTC, Rick addresses considerations such as business succession, asset protection, marital agreements, and wealth accumulation.
Rick's latest book is Implementing the Buy-Sell Agreement. This book is formatted to be quick and easy to read. It is a parsed treatment of a complex and difficult subject. It is designed to allow the reader, wanting to preserve the value of a business interest, to increase it, and pass the value to heirs, to understand how to make a good beginning of the process. Click for more about the book.
Rick's earlier book, Now What?, deals with the situation of the owner of a profitable business who wishes to build wealth by deriving maximum value from the business. Click for more about the book.
Rick's book written as a guide for advisors is Business Succession Planning - Forms and Practice Manual, published by Data Trace Publishing Company. Click for more about the book.
Rick is a lawyer who practiced litigation and business law for over thirty years. He is experienced in business transactions of all types and understands sophisticated estate planning. He has a special interest in the problems of family-owned enterprises. He is experienced in transactions involving the sale and acquisition of businesses and has helped clients plan and accomplish mergers, tax-free reorganizations, and acquisitions. He assists clients in searching for appropriate businesses, accomplishes investigations of businesses, and implements acquisitions of businesses. Rick conducts presentations concerning business succession issues. Rick has drafted, negotiated, and accomplished the execution of complex shareholder and buy-sell agreements as a part of succession planning for business clients. He has coordinated the client's estate planning with the planning for the client's business interest and distributions from qualified plans. Having drafted entity documents and obtained exemptions for private foundations, public charities, and supporting organizations, Rick has extensive experience with charitable giving.
Rick graduated from Colorado College with a B.A. in Economics cum laude. He graduated from the University of Colorado Law School. He taught Managerial Economics and Risk Management in the MBA program at Morrison University.