ExitMap® Express™ 5-Meeting Structured Discovery
The Express process is completed in five meetings (via video or in person). It produces an actionable report to help you achieve your transition objectives and identify which path best meets your needs.
Using a series of exercises, together we will better understand your Financial Readiness, Business Readiness, and Personal Readiness for transition. We will discuss the potential of internal buyers (if any) and the different third parties (entrepreneurs, private equity, and other businesses) who might fit your strategy.
The 5-Meeting Format:
Meeting #1 – Stakeholders
➤ We will discuss the business, your initial preferred strategy, and its potential impact on family, employees, partners and customers.
Meeting #2 – Financial Readiness
➤ In three exercises we will model your discretionary cash flow, determine how a lender would look at financing, and calculate the amount you need from the sale in order to achieve your goals.
Meeting #3 – Business Readiness
➤ Any business increases in value if it’s run by a competent management team. We will discuss the company’s dependence on you, and the recruiting or training needs for you to successfully step back from daily operations.
Meeting #4 – Personal Readiness
➤ Using three cooperative exercises, we will determine your activity, income requirements, identity and purpose in your “life after the business.”
Meeting #5 – Prioritized Action Items
➤ After choosing your most important objectives for implementation, we will work with you to develop the targets, time frames and accountable parties needed to move forward.
“Transition Plan Action Items”
The final report will document your Goals, Personal Vision, and the Action Items for moving forward with your transition plan.