| I have defined my goals and objectives for my life after managing the business. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| I have worked with a financial planner to determine the wealth I need in order to retire with my desired lifestyle. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| I am familiar with estate planning and tax consequences upon sale of my business. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| I am aware of various exit options for my business, including internal and external. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| I have developed a transition plan for my business, including management succession. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| I have a team of advisors (i.e. CPA, Attorney, Financial Planner, Exit Advisor) | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| I have included my family in discussions about business exit or transition. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| Online reviews of my business are strong. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| Customer contracts are documented and transferrable. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| Employment contracts are legal and documented. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| Employees have tenure with low turnover. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| Business processes are documented. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| I have visibility into my expenses and can measure the various expense categories. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| Bookkeeping is completed within two weeks of month-end. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| I have trademarks, patents, or proprietary software/techniques. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| The business has a marketing system in place that regularly generates leads. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| Customers pay timely, within terms. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| The business maintains active systems for CRM, sales, and/or fulfillment. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| I have an understanding of the value of my business. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| The company maintains a strong management team with minimal owner dependency. | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
