CEPA Exam Questions & Answers 2024/2025

CEPA Exam Questions & Answers 2024/2025 __% of owners have no WRITTEN transition plan. - ANSWERS79 __% have done no planning at all. - ANSWERS48 __% have no written personal THIRD ACT plan. - ANSWERS94 __% of owners plan to transition over the next 10 years (representing ____ million businesses and over $___ trillion in wealth). - ANSWERS76%, 4.5 million, $10 trillion ___ of business owners have no transition plan. - ANSWERS49% More than __% of businesses that are put on the market do not sell. - ANSWERS70 Only __% of family-owned businesses transition to the second generation, and only __% survive to the third. - ANSWERS30%, 12% A Successful Exit Strategy Has Three Legs: - ANSWERSMaximizes Transferrable Business Value, Ensures Owner is Financially Prepared, and Ensures there is a plan for "What Next?" 5 Stages of the Value Maturity Index - ANSWERSIdentify, Protect, Build, Harvest, and Manage Value The 4 C's - ANSWERSHuman, Structural, Customer, Social Strategic Value factors you control - ANSWERSPredictable Cash Flow, Clean Balance Sheet, Size Matters!