CURRENT STATE OF YOU, YOUR BUSINESS, AND YOUR FINANCES
We begin our process with thorough diagnostics of your business, including a true valuation process conducted by our credentialed valuation professionals, and assessments in two distinct areas: attractiveness and readiness. These diagnostics solidly benchmark your starting point, giving us a clear path for the enhancements that will help grow the value of your business and make it transferable (think liquidity event).
We listen to your story and ask questions to get a basic understanding of your particular situation and concerns. We explain our thorough, collaborative business valuation and transition planning process and set a time to meet with you.
When you are ready for us to determine the attractiveness, readiness, and value of your business, we will quote a fee for this initial engagement. We will request and analyze tax returns, financial statements, corporate information, and other business documents we will need to evaluate your business. Where appropriate, we will ask additional personal and financial questions, and request subsequent supporting documentation and data.
Having an understanding of the attractiveness and readiness of the business and its owner is important to the planning process. We visit with you to conduct the following assessments: Business Attractiveness, Business Readiness, Personal Readiness, and Financial Readiness. These are all necessary to have a successful and satisfying transition for the business owner.
We perform an independent, fully compliant business valuation, by professionals with the proper credentials, to determine a baseline value for a business that is planning for growth and/or a transition.
The business valuation, combined with the Attractiveness & Readiness Assessments, uncovers realizations, options, choices and action plans that will lead to increased business value, cash flow and more personal time for the owner.
We will take you step-by-step through the results of the Assessments and Valuation reports, identifying the gaps, concerns, and opportunities. We review potential future ranges of value and pinpoint opportunities and threats to be addressed. Then, together, we set the parameters, goals, fees, and timelines for the next engagement: the Future Vision.
Depending on the results of the assessment of the Current State, we may together decide to skip Future Vision and move directly into Enhancement Initiatives.
