Doescher Group Exit Compass
The stakes are too high to go blindly
into this unfamiliar territory.
Consider the following list of yes/no questions. The more "no" answers you provide, the more critical it is for you to consider engaging an exit planning professional.
You've sacrificed too much building your company
to leave your exit and legacy to chance.
COMPASS
1. Can your lifestyle be financially supported from sources outside of your business income?
2. Do you have a written transition plan that has been updated in the last two years?
3. With a high level of confidence do you know the value of your company?
4. Have you attended any seminars, read any books, or received any other education about transitioning your business?
5. Do you have a solid plan for what you will do after you sell your business?
6. Do you have a written contingency plan to address untimely death, disability, or divorce?
7. Do you have a written buy-sell agreement (if more than 1 owner)?
8. Have you established a transition advisory team?
9. Have you sought any outside advice about your transition plan?
10. Do you feel you know all of your exit options?
Knowledge is Power.
Sometimes knowing what you don’t know is exactly what you need to move forward with confidence.
We hope this simple exercise of asking yourself some uncomfortable questions gave you the clarity you needed.
If you would like help with next steps, we’re here, ready to step in, and help you exit on your terms.