COMPREHENSIVE EXAM REVIEW NOTES WITH CORRECT
ANSWERS CHECKED FOR ACCURACY, DETAILED
EXPLANATIONS FOR EVERY TOPIC, AND ORGANIZED
REVISION MATERIAL FOR BETTER UNDERSTANDING
Master planning - three key legs to a successful transition? - CORRECT ANSWER -
Personal plan, financial plan and business plan
maximizing
the value of the business, ensuring you are personally and financially prepared to maximize net proceeds,
and ensuring you have a plan for what you are going to do next.
What are the three gates of the Value Acceleration Methodology? - CORRECT ANSWER -Gate 1 - Discover
Gate 2 - Prepare
Gate 3 - Decide
What are the five stages of Value Maturity? - CORRECT ANSWER -1. Identify Value
2. Protect Value
3. Build Value
4. Harvest Value
5. Manage Value
What is the first step in the value acceleration methodology? - CORRECT ANSWER -Triggering Event -
a business valuation correlated to a personal, financial, and business attractiveness and readiness to dete
rmine where the business value lands in the range of value.
Where your business is in the range of value depends on what 3 factors? - CORRECT ANSWER -
(1) the results of your financial analysis and benchmarking; (2)your attractiveness score; and (3) your read
iness score.
What are the deliverables from the Discovery gate? - CORRECT ANSWER --
, A specific and qualified list of personal, financial, and business strengths and weaknesses
- Correlated and used to justify present value and potential value