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CEPA - Additional Study Material: Complete Qs And As
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CEPA - Additional Study Material: Complete Qs And As
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CEPA - Additional Study Material: Complete Qs And AsPercent of owners that have no written plan Right Ans - 79%
Percent of owners that have done no planning at all Right Ans - 48%
Percent of owners that have no personal 3rd act plan Right Ans - 94%
Percent of owners who plan to transition over the next 10 years Right Ans -
76%
Percent of businesses that are put on the market that do not sell Right Ans -
70%
Percent of family owned businesses that transition to the second generation
Right Ans - 30%
Percentage of businesses that survive the third generation Right Ans - 12%
Exit Planning includes addressing Right Ans - Personal Issues, business
issues, tax issues, value creation, financial issues, legal issues
3 legs of the stool Right Ans - personal, financial, business
What is exit planning Right Ans - an exit plan asks and answers all the
business, personal, financial, legal and tax questions involved in transitioning
a privately owned business
Exit planning includes contingencies for Right Ans - illness, burnout,
divorce, death
The purspose of exit planning Right Ans - to maximize the value of the
business at he time of exit, minimize taxes and ensure the owner is able to
accomplish all his or her personal and financial goals in the process
Exit planning Right Ans - combines the plan, concept, effort and process
into a clear, simple strategy to build a business that is transferable through
strong human, structural, customer and social capital
, Exit planning focuses on Right Ans - the present - it creates value today
Exit planning is Right Ans - a good business strategy
A successful exit strategy Right Ans - maximizes transferable business
value, ensures the owner if financially prepared and ensures there is a plan for
"What Next"
Lifestyle business Right Ans - creates income and no real value other than
the income
Value creator business Right Ans - focuses on value and income
The 5 stages of the Value Maturity Index are Right Ans - Identify, Protect,
Build, Harvest and manage
The 4 Cs are Right Ans - Human, Structural, Customer, and Social
Strategic Value math Right Ans - Cash(Recasted EBITDA) X Multiple =
Value
Sales X Multiple = Value
benefits of wealth management Right Ans - Cash flow, Investment
Planning/Management, Risk Management, Distribution
how big is the opportunity Right Ans - $10 trillion
What are the 3 value systems for a business owner Right Ans -
management, family and owner
Success Areas for a business owner must be aligned Right Ans - Personal,
financial, business
Intangible assets are Right Ans - the 4 Cs - human, customer, structural,
social
Intangible assets Right Ans - must be transferable
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