CEPA EXAM GRADED A+ 100%
GUARANTEED SUCCESS.
__% of owners have no WRITTEN transition plan. ANS >>> 79
__% have done no planning at all. ANS >>> 48
__% have no written personal THIRD ACT plan. ANS >>> 94
__% of owners plan to transition over the next 10 years (representing ____ million
businesses and over $___ trillion in wealth). ANS >>> 76%, 4.5 million, $10 trillion
___ of business owners have no transition plan. ANS >>> 49%
More than __% of businesses that are put on the market do not sell. ANS >>> 70
,Only __% of family-owned
businesses transition to the second generation, and only __% survive to the third.
ANS >>> 30%, 12%
A Successful Exit Strategy Has Three Legs: ANS >>> 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 ANS >>> Identify, Protect, Build, Harvest, and
Manage Value
The 4 C’s ANS >>> Human, Structural, Customer, Social
Strategic Value factors you control ANS >>> Predictable Cash Flow, Clean Balance
Sheet, Size Matters!
Strategic Value factors you control some of ANS >>> 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. ANS >>> tangible assets, intangible
assets
Value Acceleration measures the value of your ________________________. ANS
>>> intangible assets
,Value Acceleration is a proven process that focuses on value growth and aligning
__________________, __________________, and __________________ goals.
ANS >>> business, personal, and financial
Value Acceleration is a proven process that focuses on ____________________
and aligning business, personal, and financial goals. ANS >>> value growth
An exit plan asks and answers all the ________________, _______________,
_______________, _______________, and ___________ questions involved in
transitioning a privately owned business. ANS >>> 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. ANS >>> plan, concept, effort, and process, human,
structural, customer, and social
______________________ protects future you from present you; and, vies versa!
ANS >>> Proper planning
Where you will be 5 years from now is determined by
______________________________________ and
___________________________________. ANS >>> the books you read and the
people you associate with today.
The "quarterback" is the ____________________________________________.
ANS >>> personal financial planning team
, ___% of business owners do not have a written FINANCIAL plan. ANS >>> 75
Proper financial planning answers a huge question - What is the
___________________? ANS >>> Wealth Gap
A first step in financial planning: gather the personal ______________________
data. ANS >>> 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. ANS >>> buy-sell agreement
Triggering events may include: ANS >>> Death of an owner, Disability of an owner,
an offer by an outside party to purchase the owner's interest, Termination of an
owner's employment, Divorce of an owner
There are many acceptable ways to execute investment plans post-exit. The key is
to manage the ______________________ within a framework focused on
________________. ANS >>> family expectations, goals.
Families without advisors often decide to ___________________. ANS >>> do
nothing
The ______ is one of the greatest wealth building tools if used correctly. ANS >>>
IRC
Systems don't solve problems, ___________ do. ANS >>> people
GUARANTEED SUCCESS.
__% of owners have no WRITTEN transition plan. ANS >>> 79
__% have done no planning at all. ANS >>> 48
__% have no written personal THIRD ACT plan. ANS >>> 94
__% of owners plan to transition over the next 10 years (representing ____ million
businesses and over $___ trillion in wealth). ANS >>> 76%, 4.5 million, $10 trillion
___ of business owners have no transition plan. ANS >>> 49%
More than __% of businesses that are put on the market do not sell. ANS >>> 70
,Only __% of family-owned
businesses transition to the second generation, and only __% survive to the third.
ANS >>> 30%, 12%
A Successful Exit Strategy Has Three Legs: ANS >>> 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 ANS >>> Identify, Protect, Build, Harvest, and
Manage Value
The 4 C’s ANS >>> Human, Structural, Customer, Social
Strategic Value factors you control ANS >>> Predictable Cash Flow, Clean Balance
Sheet, Size Matters!
Strategic Value factors you control some of ANS >>> 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. ANS >>> tangible assets, intangible
assets
Value Acceleration measures the value of your ________________________. ANS
>>> intangible assets
,Value Acceleration is a proven process that focuses on value growth and aligning
__________________, __________________, and __________________ goals.
ANS >>> business, personal, and financial
Value Acceleration is a proven process that focuses on ____________________
and aligning business, personal, and financial goals. ANS >>> value growth
An exit plan asks and answers all the ________________, _______________,
_______________, _______________, and ___________ questions involved in
transitioning a privately owned business. ANS >>> 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. ANS >>> plan, concept, effort, and process, human,
structural, customer, and social
______________________ protects future you from present you; and, vies versa!
ANS >>> Proper planning
Where you will be 5 years from now is determined by
______________________________________ and
___________________________________. ANS >>> the books you read and the
people you associate with today.
The "quarterback" is the ____________________________________________.
ANS >>> personal financial planning team
, ___% of business owners do not have a written FINANCIAL plan. ANS >>> 75
Proper financial planning answers a huge question - What is the
___________________? ANS >>> Wealth Gap
A first step in financial planning: gather the personal ______________________
data. ANS >>> 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. ANS >>> buy-sell agreement
Triggering events may include: ANS >>> Death of an owner, Disability of an owner,
an offer by an outside party to purchase the owner's interest, Termination of an
owner's employment, Divorce of an owner
There are many acceptable ways to execute investment plans post-exit. The key is
to manage the ______________________ within a framework focused on
________________. ANS >>> family expectations, goals.
Families without advisors often decide to ___________________. ANS >>> do
nothing
The ______ is one of the greatest wealth building tools if used correctly. ANS >>>
IRC
Systems don't solve problems, ___________ do. ANS >>> people
