The Definition of “Business Success”

There are as many individual definitions of Business Success as there are people.  The differences are simply variables in priorities, and depending upon where an individual is in the process.  Even if you feel you are not in business, maybe an artist, you still must plan for the result of where the art ends up, especially if it will have value.

This seems to be fairly complete:

Business success is when a business owner/entrepreneur has developed a successful business, realizes that some day they must exit the business, and so a plan is put into place which will “maintain” the fullest possible valuation of the assets.  The designed entity will effectively move the value into the estate, or partner estates, where it can best be utilized for continuance of business (if desired), family, and charity.

Certainly a failure to prepare for the continuation of the valuations in one’s working life results in a loss of value and control, not just for the individual but for everyone involved.  Why leave anything on the table?