For business owners
Business Succession Readiness
Your exit strategy shouldn't begin when you're ready to exit. Take a 3-minute educational checkup.
1. Owner dependence
The business can run for a month without me making daily decisions.
2. Leadership
There are people ready to take on leadership responsibilities.
3. Documentation
Key processes and responsibilities are written down.
4. Ownership
Ownership structure and agreements are clear and current.
5. Key people
Key team members know their future role in a transition.
6. Financial organization
Financial records are organized and reviewed regularly.
7. Family considerations
Family expectations about the business have been discussed openly.
8. Potential successors
Potential successors have been identified.
9. Continuity planning
There is a plan if something unexpected happens to an owner.
Educational only. This is not a business valuation, audit, or legal, tax or investment recommendation. It does not predict a sale price or whether a transaction will happen. Your answers are not saved.