CEPA Exam (Latest Update) Questions and Answers
(100% Guaranteed Pass) GRADED A
__% of owners have no WRITTEN transition plan.
79
__% have done no planning at all.
48
__% have no written personal THIRD ACT plan.
94
__% of owners plan to transition over the next 10 years (representing ____ million
businesses and over $___ trillion in wealth).
76%, 4.5 million, $10 trillion
___ of business owners have no transition plan.
49%
More than __% of businesses that are put on the market do not sell.
70
,Only __% of family-owned
businesses transition to the second generation, and only __% survive to the third.
30%, 12%
A Successful Exit Strategy Has Three Legs:
Maximizes Transferrable Business Value, Ensures Owner is Financially Prepared, and Ensures there is a
plan for "What Next?"
5 Stages of the Value Maturity Index
Identify, Protect, Build, Harvest, and Manage Value
The 4 C's
Human, Structural, Customer, Social
Strategic Value factors you control
Predictable Cash Flow, Clean Balance Sheet, Size Matters!
Strategic Value factors you control some of
Private capital market conditions, Terms/Exit Option, Tangibles (value factors)
Traditional accounting systems are setup to provided regular feedback on _____________________, yet
your ________________________
are the direct drivers of business attractiveness.
,tangible assets, intangible assets
Value Acceleration measures the value of your ________________________.
intangible assets
Value Acceleration is a proven process that focuses on value growth and aligning __________________,
__________________, and __________________ goals.
business, personal, and financial
Value Acceleration is a proven process that focuses on ____________________ and aligning business,
personal, and financial goals.
value growth
An exit plan asks and answers all the ________________, _______________, _______________,
_______________, and ___________ questions involved in transitioning a privately owned business.
business, personal, financial, legal, and tax
Exit Planning combines the __________, ______________, _______________, and _______________
into a clear, simple strategy to build a business that is transferable through strong __________,
______________, _______________, and _______________ capital.
plan, concept, effort, and process, human, structural, customer, and social
______________________ protects future you from present you; and, vise versa!
Proper planning
, Where you will be 5 years from now is determined by ______________________________________
and ___________________________________.
the books you read and the people you associate with today.
The "quarterback" is the ____________________________________________.
personal financial planning team
___% of business owners do not have a written FINANCIAL plan.
75
Proper financial planning answers a huge question - What is the ___________________?
Wealth Gap
A first step in financial planning: gather the personal ______________________ data.
balance sheet
A _______________________ provides for the stability and continuity of a closely held business and is a
crucial part of a business owner's overall succession and estate plan.
buy-sell agreement
Triggering events may include:
(100% Guaranteed Pass) GRADED A
__% of owners have no WRITTEN transition plan.
79
__% have done no planning at all.
48
__% have no written personal THIRD ACT plan.
94
__% of owners plan to transition over the next 10 years (representing ____ million
businesses and over $___ trillion in wealth).
76%, 4.5 million, $10 trillion
___ of business owners have no transition plan.
49%
More than __% of businesses that are put on the market do not sell.
70
,Only __% of family-owned
businesses transition to the second generation, and only __% survive to the third.
30%, 12%
A Successful Exit Strategy Has Three Legs:
Maximizes Transferrable Business Value, Ensures Owner is Financially Prepared, and Ensures there is a
plan for "What Next?"
5 Stages of the Value Maturity Index
Identify, Protect, Build, Harvest, and Manage Value
The 4 C's
Human, Structural, Customer, Social
Strategic Value factors you control
Predictable Cash Flow, Clean Balance Sheet, Size Matters!
Strategic Value factors you control some of
Private capital market conditions, Terms/Exit Option, Tangibles (value factors)
Traditional accounting systems are setup to provided regular feedback on _____________________, yet
your ________________________
are the direct drivers of business attractiveness.
,tangible assets, intangible assets
Value Acceleration measures the value of your ________________________.
intangible assets
Value Acceleration is a proven process that focuses on value growth and aligning __________________,
__________________, and __________________ goals.
business, personal, and financial
Value Acceleration is a proven process that focuses on ____________________ and aligning business,
personal, and financial goals.
value growth
An exit plan asks and answers all the ________________, _______________, _______________,
_______________, and ___________ questions involved in transitioning a privately owned business.
business, personal, financial, legal, and tax
Exit Planning combines the __________, ______________, _______________, and _______________
into a clear, simple strategy to build a business that is transferable through strong __________,
______________, _______________, and _______________ capital.
plan, concept, effort, and process, human, structural, customer, and social
______________________ protects future you from present you; and, vise versa!
Proper planning
, Where you will be 5 years from now is determined by ______________________________________
and ___________________________________.
the books you read and the people you associate with today.
The "quarterback" is the ____________________________________________.
personal financial planning team
___% of business owners do not have a written FINANCIAL plan.
75
Proper financial planning answers a huge question - What is the ___________________?
Wealth Gap
A first step in financial planning: gather the personal ______________________ data.
balance sheet
A _______________________ provides for the stability and continuity of a closely held business and is a
crucial part of a business owner's overall succession and estate plan.
buy-sell agreement
Triggering events may include:
