Phase One

Business “Fitness Check”
Get Started with an organizational review and assessment

The business Fitness Check is designed to start an owner thinking about optimizing the value of their company and concentrates on de-risking strategies. This service is foundational and is meant to be the first step towards doing the "Triggering Event".

The goals of the Fitness Check are:

  • Ensure alignment between the decision making process and the business agreements
  • Ensure continuity protection against unexpected events that impact operations and potential value
  • Provide an unbiased, expert assessment that compares the businesses performance to the "Best in Class" performance

Components of the service include:

  • Assessment of the owner's readiness and potential risk issues
  • Analysis of the business operating agreement and buy-sell agreement
  • Key Employee retention plan
  • Key Employee insurance evaluation and needs
  • Business Assessment using the Quist tool
  • Comprehensive feedback report to the owner.
  • Plan for next steps to resolve any issues discovered

The Fitness Check will require several hours of work on the part of the owner to complete the various assessments, meet with the Exit Planner, gather necessary documents, and review the results. 

The cost for the Fitness Check is $2,495 If an opinion of value will be included with the fitness check the cost is $3,495

“Triggering Event”
Full Scope Initial Assessment with an opinion of value, “Gap Analysis”, and Comprehensive Value Enhancement Plan

The Triggering Event includes everything in the "Fitness Check". In addition, a comprehensive assessment of the business attractiveness and readiness, as well as owner readiness, is done. 

The goals of the Triggering Event, in addition to those of the Fitness Check, are:

  • Produce a business valuation correlated to a personal, financial, and business attractiveness and readiness assessment to determine where the business value lands in the range of value
  • Discover the "Value Gap" between the current situation and a "Best in Class" value
  • Clarify the business owners goals, objectives, and timeframe for a business transition
  • Explore the tertiary effects of a business transition on the other affected parties 

Components of the service include:

  • Business and personal risk Assessment
  • Profit Gap Analysis
  • Value Gap Analysis
  • Business Attractiveness Assessment
  • Business Readiness Assessment
  • Personal and Business envisioning statement
  • Business Metrics and KPI's
  • Creation of a plan to address the Business, Personal, Legal, Financial, Tax and Insurance issues involved in exiting your business

The triggering event will require substantial work on the part of the owner, family members involved in the business, and key employees. Usually, the process takes place over several months beginning with a series of assessments followed up by interviews with your Exit Planner.

The cost of conducting a triggering event is between $4,500 and $10,000 depending upon the complexity of the organization and the number of people involved. A preliminary (free) consultation with the business owner is needed before a price can be quoted.