Discovering Your Path to the Top
To successfully scale the mountain and enter the 2% Exit Club℠, both your business and personal goals must first be clearly defined and in alignment. We help you articulate and quantify your personal, family, business and financial goals and evaluate their relationship to each other. Your goals are the foundation for your plan and provide direction in future decisions.
Then we take the following steps:
- Assess risks that can impede, harm, or kill your business ascent to the top.
- Perform personal financial analysis to assess your personal resources and your long-term financial needs, so you don’t run out of money. We also analyze utilization of your company’s cash flow to diversify your net worth away from your business, creating greater diversification.
- Analyze your business financials and establish a range of value for the potential worth of your business, weighing factors such as transfer options, saleability, likely deal structure, and timing to arrive at your current company value and the opportunity to increase it’s value.
- Determine an estimated Net Proceeds calculation to uncover a potential gap between what you will likely receive and what you need to fund your long-term financial goals. When a gap exists, we provide a plan for you to help close the gap by enhancing the value of your business.
- Discover information critical to determining: barriers to exit, your emotional readiness for transition, and available exit options. Then we create a customized and adaptable exit plan that addresses, aligns and helps you achieve your goals based on your circumstances and timing.
Assessment Deliverables:
- Business survival risk assessment
- Personal assessment of your financial needs post transition
- Retirement plan suitability
- Market value assessment of your company and it’s potential value
- After-tax Net Proceeds estimation
- Owner emotional readiness and barriers to exit
- Assessment of succession or exit channel options that meet your goals
