Handing over your business to family members successfully can mean the difference between being financially sound for life or losing the value of many years of hard work and effort.

More than 70 percent of family-owned businesses do not survive the transition from founder to second generation. Rather, they fall prey to either the estate tax or family discord. Developing and implementing a well-designed plan is essential to the long-term success of the business you've grown and developed from the very beginning.

Canon Capital is a firm that helps you build your financial position by making your business more valuable and more profitable. To do that we've developed a specific and purposeful 10-step process to help grow your business, improve your lifestyle and increase your profits significantly. Here's how we work with you to develop the true potential of your greatest asset:

1. A Preliminary Assessment identifies your profit potential

To gauge the level of results you can expect from your business, we'll ask you to complete a preliminary questionnaire. Using software tools designed to identify and quantify your potential for profit improvement, we're able to tell you just how much improvement you could expect.

Any accountant will tell you it's important to know your position with regard to assets versus liabilities. It's also critical to understand your real asset position for the purposes of refinancing, or gaining capital loans. More importantly, like any investment it's important to constantly know whether your assets are growing or declining in value.