CEPA Study Guide With Questions And Correct Answers
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An exit plan asks and answers all the business, personal, ____, _____, and _____
questions involved in transitioning a privately owned business. - ANSWER>>Financial,
legal, tax
Exit Plan includes contingencies for illness, ____, _____, and _____. - ANSWER>>Burnout,
divorce, death
Exit Planning's purpose is to ______ the _____ of the business at the time of _____,
minimize _____, and ensure the owner is able to accomplish of their personal and
_______ goals in the process - ANSWER>>Maximize, value. Exit. Taxes. Financial.
Exit Planning combines the ____, _____, _____, and _____ into a clear, simple strategy to
build a business that is transferable through strong human, structural, customer, and
social capital. - ANSWER>>Plan, concept, effort, and process.
Exit Planning combines the Plan, concept, effort, and process. into a clear, simple
strategy to build a business that is transferable through strong _____, _____, _______, and
______ capital. - ANSWER>>human, structural, customer, and social capital.
Exit Planning is simply _____ _____ ______. - ANSWER>>Good Business Strategy
Blue Ocean - ANSWER>>An industry not in existence today
One year after selling _____ out of _____ owner "profoundly regretted" selling -
ANSWER>>Three out of four
____% to ____% of business put on the market don't sell - ANSWER>>70% to 80%
, Only ___% of family owned businesses survive into the second generation -
ANSWER>>30%
___% of business owners are not familiar with all exit options - ANSWER>>66%
___% of business owners have no formal exit plan - ANSWER>>78%
___% of business owners have no written transition plan - ANSWER>>83%
___% of business owners have done no planning at all - ANSWER>>49%
___% of business owners have no formal life plan after the sell - ANSWER>>93%
Value Innovation - ANSWER>>Is a new way of thinking about and executing strategy
that results in a blue ocean and a break from the competition.
Leap In Value - ANSWER>>Focus on making competition irrelevant by creating a ____ in
_____.
Baby boomers own ____% of the private businesses in the US - ANSWER>>63%
___% of boomers plan to transition their business over the next 10 years. -
ANSWER>>76%
The boomer transfer represents ____ million businesses and over $___ trillion of wealth
- ANSWER>>4.5. $10 Trillion
Mission of CEPA and EPI is to: - ANSWER>>Create awareness
Foster team play
Already Graded A +
An exit plan asks and answers all the business, personal, ____, _____, and _____
questions involved in transitioning a privately owned business. - ANSWER>>Financial,
legal, tax
Exit Plan includes contingencies for illness, ____, _____, and _____. - ANSWER>>Burnout,
divorce, death
Exit Planning's purpose is to ______ the _____ of the business at the time of _____,
minimize _____, and ensure the owner is able to accomplish of their personal and
_______ goals in the process - ANSWER>>Maximize, value. Exit. Taxes. Financial.
Exit Planning combines the ____, _____, _____, and _____ into a clear, simple strategy to
build a business that is transferable through strong human, structural, customer, and
social capital. - ANSWER>>Plan, concept, effort, and process.
Exit Planning combines the Plan, concept, effort, and process. into a clear, simple
strategy to build a business that is transferable through strong _____, _____, _______, and
______ capital. - ANSWER>>human, structural, customer, and social capital.
Exit Planning is simply _____ _____ ______. - ANSWER>>Good Business Strategy
Blue Ocean - ANSWER>>An industry not in existence today
One year after selling _____ out of _____ owner "profoundly regretted" selling -
ANSWER>>Three out of four
____% to ____% of business put on the market don't sell - ANSWER>>70% to 80%
, Only ___% of family owned businesses survive into the second generation -
ANSWER>>30%
___% of business owners are not familiar with all exit options - ANSWER>>66%
___% of business owners have no formal exit plan - ANSWER>>78%
___% of business owners have no written transition plan - ANSWER>>83%
___% of business owners have done no planning at all - ANSWER>>49%
___% of business owners have no formal life plan after the sell - ANSWER>>93%
Value Innovation - ANSWER>>Is a new way of thinking about and executing strategy
that results in a blue ocean and a break from the competition.
Leap In Value - ANSWER>>Focus on making competition irrelevant by creating a ____ in
_____.
Baby boomers own ____% of the private businesses in the US - ANSWER>>63%
___% of boomers plan to transition their business over the next 10 years. -
ANSWER>>76%
The boomer transfer represents ____ million businesses and over $___ trillion of wealth
- ANSWER>>4.5. $10 Trillion
Mission of CEPA and EPI is to: - ANSWER>>Create awareness
Foster team play
