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You will be assessed in the 5 key areas of Exit Readiness.
Mental
Readiness
Mental readiness is essential during the transition process. You'll need to be clearheaded to make decisions, deal with potential financial and legal hurdles, and manage stress. So, what does it take to be mentally ready for this significant life transition?
Organizational Readiness
Things to consider when assessing organizational readiness include; your relationship with customers, your role in sales, and how well documented your job duties are. By taking a close look at these factors, you can get a better idea of whether or not your staff is prepared to take over should you decide to sell.
Financial Readiness
Exiting a business is a big decision and not one to be taken lightly. There are a lot of factors that go into whether or not transitioning is the right choice, but one of the biggest is financial readiness. This is probably one of the most obvious things to consider when deciding, but it's also one of the most important.
Market
Readiness
When it comes to market readiness, it's essential to consider not just the current state of your industry but also the potential for future growth. If you believe there is still strong demand for your product or service, you may want to wait to sell until the market is more favorable.
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How will this help me?
Many business owners are worried about several things in regards to selling. Not only are they concerned about getting enough to support their plans, but they are also concerned about their legacy and that of their family. And those looking to sell to someone, not in their family are struggling with the idea of the business no longer being part of their family's legacy.
Take this short assessment to find out the Exit Readiness of you and your business.
Your answers to the questions will be confidential and used only to help seek clarity in those areas.
What Is Your Business Worth?
Determining the value of your business, forming an exit strategy, and ultimately selling are impacted by many different factors:
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- The market - how many businesses are trying to sell?
- Your business’ readiness to sell
- Your understanding of the business’ value Identifying and addressing your company’s weaknesses
- Your business’ profitability
The stakes are higher when dealing with your own legacy and future. Many owners have as much as 80%-90% of their personal wealth tied up in their businesses. The significance of adequately valuing your business is that selling your business is a highly emotional issue.
But it doesn't have to be this way.
You can identify your company’s weaknesses, maximize the value, and form a strategic exit plan.
Click below to gain control of your legacy and start planning for the future.
Is today the day you decide to plan for your future?
This Exit Readiness Score assessment gives you more insight into your needs and what you're looking for in your transitioning from your business.
This report includes tips and tricks, next steps, and how to apply your skills to achieve your business goals.
FocalPoint
Who We Are
FocalPoint Coaching & Training is a franchise organization of business coaches and trainers who work with entrepreneurs, business owners, and executives to help enhance their companies and their lives by leveraging the coaches’ business experience and our content.
We take the proven business coaching techniques of the world-famous business trainer and author, Brian Tracy (google him), and blend them with the business skills and experience of our coaches.
