Exit Planning Readiness Assessment How many employees do you have in your business? Less than 25 Between 25 and 50 Between 50 and 100 Between 100 and 250 More than 250 What are the approximate revenues of your company? Less than $5,000,000 $5,000,000 to $15,000,000 $15,000,000 to $30,000,000 $30,000,000 to $50,000,000 $50,000,000 to $100,000,000 Greater than $100,000,000 Is your business profitable? Not profitable Between 0 and 5% EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization) Between 5 and 10% EBITDA More than 10% EBITDA Are you planning to exit your business or transition to a new role inside your business? I don't have a plan Exit the business Transition to a new role Do you have a personal strategy written down that clearly defines what you want or need when you exit your business or transition into a new role? Yes No I have a plan in mind but it hasn't been written down It is a work in progress Have you developed a business strategy that supports your exit strategy? N/A - I don't have a personal exit or transition strategy Yes No I have a plan, but it isn't written down It is a work in progress How soon do you plan on exiting your business? Less than 1 year 1 to 2 years from now 2 to 3 years from now 3 to 4 years from now 4 or more years from now What internal hurdles do you need to deal with prior to an exit? (choose all applicable answers) Dealing with my partners Dealing with my family Finding time to deal with creating an exit plan and implementing it Maximizing enterprise value Estate planning and taxation Finding or developing a successor Reducing business risk to a buyer Growing the business Making sure my employees are taken care of Dispute resolution None of the above What external hurdles do you see facing you prior to your exit or transition? (You can pick multiple answers to this question) None Market Conditions Availability of Credit Government regulations Customer concentration Currency risk Changes in Tax Law Competition Changes in technology Have you ever sat down with an exit planning/transition expert who has walked you through the details of a well thought through exit or transition plan? Yes No I have chatted about it with some of my professional colleagues How do you plan on taking cash out of the business? (Check more than one if appropriate or your are unsure) I don't know what my best options are None ESOP/MSOP Selling my share to my partners Selling my share to an outside investor Outright sale of the business to an investor or a strategic buyer Recapitalization Transfer of the assets to my family Yearly dividend payments Do you have a buy sell agreement with your partners? Yes No I don't have any partners Have you had a formal business valuation done in the last 12 months? Yes No I know what the business is worth Do you have a team of advisers helping you create and implement your personal and business strategies? Yes No We will find them when we need them My accountant and my attorney are my team of advisors Does your team of advisers have knowledge in these areas? (choose as many as you like) I don't have an adviser Valuation Maximizing enterprise value ESOP's and MSOP's Investment Banking: Someone who will be able to represent me when I implement my liquidity plan Programs to minimize the tax implications of a liquidity event Wealth management Transaction attorney Succession planning and organizational development Pre-sale due diligence Funding and Recapitalization Strategic Planning and its execution Dispute resolution Funding Buy/Sell agreements Corporate governance Do you have someone who can step into your role when you leave? Yes No I am working on it Do you have someone who can lead the process of choosing the best strategy and implementing it while you run the business? Yes No I am looking for someone who knows all the ins and outs of this process Thank you for taking the Exit Planning Readiness Assessment. This test is in two parts: Planning and Execution. A score is given to each of your answers. You will receive a summary of your results after you have completed the assessment. First NameLast NameCompany NamePhone NumberEmail AddressTitle« Back Next »
How many employees do you have in your business?
What are the approximate revenues of your company?
Is your business profitable?
Are you planning to exit your business or transition to a new role inside your business?
Do you have a personal strategy written down that clearly defines what you want or need when you exit your business or transition into a new role?
Have you developed a business strategy that supports your exit strategy?
How soon do you plan on exiting your business?
What internal hurdles do you need to deal with prior to an exit? (choose all applicable answers)
What external hurdles do you see facing you prior to your exit or transition? (You can pick multiple answers to this question)
Have you ever sat down with an exit planning/transition expert who has walked you through the details of a well thought through exit or transition plan?
How do you plan on taking cash out of the business? (Check more than one if appropriate or your are unsure)
Do you have a buy sell agreement with your partners?
Have you had a formal business valuation done in the last 12 months?
Do you have a team of advisers helping you create and implement your personal and business strategies?
Does your team of advisers have knowledge in these areas? (choose as many as you like)
Do you have someone who can step into your role when you leave?
Do you have someone who can lead the process of choosing the best strategy and implementing it while you run the business?
Thank you for taking the Exit Planning Readiness Assessment. This test is in two parts: Planning and Execution. A score is given to each of your answers. You will receive a summary of your results after you have completed the assessment.
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