Business Valuation and Transition Planning for Small Business Owners
Small business owners work hard to build the value of their businesses.Typically, it’s their main retirement asset and source of retirement income.When it comes time for them to consider transitioning out of their business, they often don’t have a succession plan in place, or have a good understanding of what their business might be worth.45% of business owners have never had their business valued, and those that have, only about half have had a valuation done within the last two years.
This course will give participants a good understanding of the importance of having their business valued, how to get money from their business to fund their retirement, protect the value of their business from planned or unplanned events, and ultimately build a secure retirement for themselves and for their key employees.
Dan Bergner is a Financial Representative located in the Minnesota Business Center of Principal®. Dan calls on more than 10 years of experience to help provide financial planning and strategies for businesses, families and individuals to help them achieve their financial goals.
After a successful career in public administration, Dan began a career as a financial advisor with American Express Financial Advisors. Dan sold his practice to take a role as an executive in the mortgage industry, ultimately serving as a Regional Vice President for a national lender. Since then, Dan has held various positions in business development in several industries and is now returning to his passion of helping people plan for and achieve their financial goals.
Dan has an undergraduate degree from St. John’s University and an MBA from the University of St. Thomas. Dan has a Life, Accident and Health Insurance license, is certified in Long Term Care planning, and is also licensed as an Investment Advisor Representative.
Dan has served on the Board of Directors of Chaska Valley Family Theater, been a Board Member of the Chaska Chamber of Commerce, Council Member at the Guardian Angels Church, and Director on the Chaska Cubs Amateur Baseball Board.