1. Five Things Every Business Owner Must Know About Exit Planning 5 – 4 – 3 – 2 – 1
FIVE STAGES OF VALUE MATURITY Building Valuable Businesses
THE IMPORTANCE OF THE FOUR INTANGIBLE CAPITALS IN YOUR BUSINESS: Understanding The 4 Cs in Every Successful Business
THE THREE LEGS AND GAPS IN YOUR EXIT STRATEGY
THE TWO CONCURRENT PATHS IN YOUR EXIT PLAN: Managing Your Personal and Business Goals
THE ONE GOAL OF EXIT PLANNING: Creating Significant Companies
2. FROM SUCCESSFUL TO SIGNIFICANT: The Framework for a High Value Business Transition
Many business owners in the United States of America would say they have successful companies. They have grown these companies successfully for years. These businesses are seemingly attractive, have strong profit and loss statements and balance sheets, happy customers, engaged employees operating in a nice culture, and a great industry reputation. But when the business owners go to sell their company, they cannot or they do so for much less than what they thought it was worth. Why? Because their company, although very attractive, was not ready to be sold. Although successful, their company was not significant. In every business owner’s mind, there are typically three elements floating around. They have business goals and ambitions, personal goals and vision, and a personal financial plan that typically helps power all these goals. The question is, how do I get these all aligned so I can have both a successful and significant company and achieve my personal passions and goals for my life without my business? To answer this question, owners must prepare right now by utilizing Value Acceleration. This framework focuses on aligning all three elements equally. The owner’s business, personal, and financial goals. All three elements build upon each other, thus moving us from very successful business owners to very significant business owners. This whitepaper dives into the Value Acceleration Methodology. Read in-depth interviews and discussions from Certified Exit Planning Advisors from different disciplines who have been trained inside of this methodology. As a CEPA, I represent business owners growing their businesses and looking to transition their companies by working closely with their other professional advisors. I help business owners grow value in their company, align their personal and financial goals, and take their businesses from successful to significant.
