Consulting
Crossroads Advisers assists family or privately held companies as they prepare for one of the most significant events of their lives – “Business Transition Succession/Exiting.”
Crossroads Advisers offers a Business Transition Checkup for Succession/Exit Planning with the goal to move your company from the 80% of businesses that are nontransferable to the 20% that are transferable.
We provide a detailed roadmap with concrete answers and solutions centered on you and your business. We can identify the transferability and sustainability of your net worth that will allow you to achieve your goals.
Crossroads Advisers specializes in assisting business owners with improvements or changes to their tier business. Our goal is to provide clear answers to many of the questions that arise. We employ many valuable tools to guide you through the process.
We specialize in working with business from $1 million to $15 million of value
Business Consulting
Management Assessment
We employ tools that provide the necessary insight into your business.
Benchmark Button
Ever wondered how to move your company to the next level? Curious if your team is on the same page and understands your vision? Feel like your company has the potential but isn’t getting their fast enough? As the business owner, are you too involved in the day-to-day operations? The Benchmark Button allows you to compare your responses on critical growth issues to your peers and put your finger on the pulse of your financial performance compared to your industry. The Benchmark Button helps to identify these issues and find ways to address them
DiSC®
DiSC® is the leading personal assessment tool used by over 1 million people every year to improve work productivity, teamwork and communication. DiSC profile is a non judgmental tool used for discussion of people’s behavioral differences.
Participants are asked to complete a series of questions that produce a detailed report about their personality and behavior. It can provide tips related to working with people of differing styles. The DiSC Model provides a common language that people can use to better understand themselves and to adapt their behaviors with others.
TTI Success insights
TTI are management tools used to improve the productivity of a company’s employee and management teams. These predictive analytical tools are backed by over 30 years of research. Utilizing TTI assessments, businesses can improve communication, retention, productivity, employee development and management effectiveness.
Business Consulting
The Alternative Board (TAB)
The Alternative Board™ helps owners and leaders of businesses practice and reach their financial and strategic goals through local advisory boards, business advisory services, and business coaching. Why tax your mind by being the only one strategizing about your business plan and acquisitions? Members of TAB boards get better valuation and enjoyment from their businesses and lives through our proven process, systems, tools, accounting, and support.
As a business owner it is difficult to turn to and talk with other business owners related to your goals, concerns, opportunities and general business items. Being a business owner can be a lonely position at times. Crossroads Advisers understands this and provides you with a solution to this issue. The Alternative Board (TAB) is an avenue that affords business owners the ability to interact monthly for a half of day with other business owners who will work as your own personal Board of Directors. Where are free to consult with, share ideas or concerns, obtain business advice all in confidence of your fellow board members. Additionally, business owners receive monthly one on one business coaching by highly trained business coach who is also your monthly board facilitator. As part of your TAB membership you have access to their proprietary Business Builders Blue Print which is cloud based management platform that allows you to create your own customized Strategic Business Plan.
(Stats: The total gross revues of companies working with TAB is $11.3B, TAB board members comprise over 300+ industries, TAB members average revenue growth is 2.5x over the national average, the average TAB member sales growth since 2016 is 25%, taken from TAB website)
“TAB gives you a board of directors who aren’t in your day-to-day business. They give you objective feedback and your TAB leader holds you accountable. And the networking is very valuable. We found an accounting firm light years beyond what we had and a great attorney for sound legal advice.”
Business Consulting
Business Valuation
A valuation is a fundamental part of your business life cycle
Crossroads Advisers believes that knowing the true value of your business is critical in many aspects of your business and in the succession / exiting of your business. Valuation provides the business owner with knowing their business’s worth. In order to properly provide you with a comprehensive valuation of your business we utilize a cloud-based valuation system with over 33 million international valuations under its belt…BizEquity. Our BizEquity valuation process is simple, non-invasive and requires little of your time. The BizEquity report will provide you with:
- Industry specific financial analysis report
- Four valuation from income, market & asset methodologies
- Equity, Asset, Enterprise & Liquidation values
- Financial summary with 3 years comparative data
- Industry specific KPI performance indicators
- Exponential business value / revenue multiples
- Can be CBV certified
98 % of Business Owners Don't Know the Value of Their Business
Business Consulting
Asset Mapping
Our Advisors use Asset Mapping to provide business owners with financial clarity. By visually organizing all of a business’s finances in a clear graphical layout, we can apply our professional insight in real-time.
Crossroads Advisers understand that a business owners net worth is comprised of both personal and business assets. The management of these assets can be managed by multiple advisors, which makes it impossible to see all of a business owners’ asset in one concise visual image. The lack of having all of your assets identified in one visual image does not afford the business owner to fully identify or manage their personal or business assets and makes it next to impossible to fully understand the value of all their assets, gaps in their financial plans including their most valued asset their business.
For that reason, Crossroads Advisers provides Asset Mapping, which is a cloud based designed to provide you with real time interactive graphics of your financial footprint. This affords us the opportunity to illustrate multiple financial pictures and real-life financial scenarios. That will allow us to identify financial concerns or issues that can then be addressed to elevate or amend your financial plan gaps. In order for business owners to maintain the life style they worked so hard to achieve.
Business Consulting
Continuity Planning
At any stage in your company’s lifecycle, a Business Continuity Plan is critical. It’s even more important than your personal estate plan – because it impacts so many other people. Things happen – whether a family crisis, serious illness or unexpected death. Crossroads Advisers can help you protect your business, your employees, family, customers, vendors and community.
Crossroads Advisers business continuity plan is a proactive plan to avoid and mitigate risks associated with a disruption of operations. It details steps and information to key personnel that can be taken before, to maintain the financial viability of an organization. Our BCP plan is designed include details in the following areas:
- Company Overview
- Trusted Advisors
- Key Employees
- First Contacts & Actions Steps
- Existing Arrangements
- Continuity / Disposition of Business
- Insurance
- Customer & Vendor Details
- Challenges & Solutions
- Miscellaneous Information
Business Consulting
Retirement Benchmarking
Benchmarking is the process of analyzing, reviewing and evaluating your company’s retirement plan fees to ensure that contribution service fees are competitive and reasonable.
When conducting your Benchmark review Crossroads Advisers process focusses on several main area your retirement plan:
- Provider Services: What plan features and benefits are being offered to plan participants, employee education resources in order to understand plan and the investment options available.
- Investment Platform: Does your plan’s investment options provide sufficient diversification for your plan participants? Is there a process in place to monitor and review investments and investment performance? and help you mitigate fiduciary risk?
- Fees Analysis: As a fiduciary, do you completely understand the plan fees and expenses of your retirement plan? What expenses are being paid by the plan? What expenses are being paid by the plan sponsor? Are these expenses reasonable? How do they compare with similarly sized plans?
Several of the benefits to related to Retirement Plan Benchmarking include:
- Total plan cost analysis
- Investment expense ratios
- Record keeping and administrative costs
- Advisor consulting and service fees
- Plan participation rate•
- Automatic diversification options