4 MAJOR DRIVERS OF AN EXIT WITHOUT REGRET
FUTURE VISION Why do you want to exit your business? What do you plan to do after you leave your business?
Owner readiness is not just an exit conversation. It is a business quality conversation.
Ironically, the businesses that are most transferable are usually the healthiest businesses to own today. They have stronger leadership teams, less owner dependence, clearer systems and greater enterprise value. They also give owners something rare: options.
And options create freedom.
The goal is not simply to sell a business someday. The goal is to build a business where you could step away if you chose to— without everything falling apart by Tuesday afternoon.
That changes how you lead today. And frankly, that is a much better business anyway.
Are You Ready to Exit Your Business with No Regrets?
To learn more about how prepared your business may be for transition, scan the QR code to complete the PREScore™ assessment.
PREScore™( or Personal Readiness to Exit Score) is an 8-minute, online questionnaire that evaluates a business owner’ s readiness to exit their company on a personal level. Using an exclusive algorithm, developed by analyzing more than 40,000 business owners and conducting more than 200 in-depth interviews with owners who have recently sold, PREScore™ calculates an owner’ s readiness by identifying their status on each of the 4 drivers of a satisfying exit. CRA
STRUCTURING FLEXIBILITY How much is your business worth to you? What’ s your bottom line? Have you considered the practical financial questions surrounding your exit?
PERSONAL DETACHMENT How attached are you personally to your business? Have you built a fulfilling life outside of your company?
TEAM INVOLVEMENT Have you considered how your employees will be treated when you exit your company?
Brian McKay is a leadership advisor, speaker, business strategist and exit planning advisor who helps organizations strengthen communication, align teams and build enterprise value. Brian works with leaders who want better conversations, stronger cultures and teams that actually move in the same direction. Connect with Brian at BrianMcKay. com.
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