The business I worked for was likely to be sold within the next few years. I had a reasonable equity stake and needed to determine if I could move to consultancy based work, and whether I would have enough money to support the family and still do the things we enjoyed. We wanted clarity on how much was enough to sustain our lifestyle and how long this would last.
We arranged a meeting with Mike from Carrington. He took time to understand our current situation and what was really important to us, as well as our concerns.
Using cash flow analysis Mike worked out how much we would need to live on. He also determined the number I would need to achieve when the business was sold, so I would not to need to work again.
The result provided absolute clarity on the potential outcome. One that would allow our family to be comfortable for the rest of our lives – the number was surprisingly low compared to the value of the company.
Through the analysis we also discovered that in the event of my death, my wife Emma would have to sell