- When would like to be done working in your business?
- After you leave your business how much cash will you need (each year) to achieve your personal financial objectives?
- Who can afford to buy your company and who would you like to buy it.
- As you think about leaving your business, what keeps you up at night?
- What is the business worth? How do you know its worth that amount?
- Do you have key people that handle the day-to day operations of your business which you feel is a substantial contribution and one that would be hard to find a replacement?
- Would their be a great burden if they left abruptly?
- Do you have a strategy in place to reward those employees who you feel are helping you grow your business?
- Do you and your partners have a buy and sell agreement in place which is funded and up-to-date?
- If so, when was the last time you reviewed the agreement, and discussed the method of business valuation at a trigger event?
- If you could no longer run your company , what arrangement have you made to make sure that your family will benefit from your life’s work?