Transition Readiness: How to Prepare Your Clients
A quick and effective guide to help kickstart your transition readiness conversations with clients.
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Help owners see the value of their business through the eyes of an investor and understand their basic transition options.
Professional advisors who work with business owners
Advisors who lead or work on an owner's team of business succession planning professionals
Instructor Welcome
Course Outline
How to navigate this course
RFN Community
Fundamentals of Transition Readiness Video
What does it mean to be transition ready?
Owner assessment - What is it and why use it?
Owner assessment - How transition ready are you?
How transition ready is your client?
Three Legs of the Stool Video Lesson
Three Legs of the Stool
Life After Business Video
Life After Business
Life After Business Exercise
The Pacman Video
The Pacman
Readiness Calculus Video
Readiness Calculus
Module 1 Quiz
Tools and Resources
Planning Competencies and Processes Video
Planning Competencies and Processes
Operational Excellence Video
Operational Excellence
Financial Efficiencies Video
Financial Efficiencies
Risk Management Video
Risk Management
Continuity of Operations, Team and Knowledge Video
Continuity of Operations, Team and Knowledge
Module 2 Quiz
Tools and Resources
What are the transitions options?
Transition Options
Internal Transition Options
External Transition Options
Hybrid Options
Transition Options Overview
What is Value Acceleration?
What is Value Acceleration?
Top Three Value Drivers
Top Three Value Drivers
The Top 3 Business Value Drivers - They May Surprise You
Top Three Value Killers
The Top Three Value Killers
Value Drivers Exercise
Difference Between Value and Price
Difference Between Value and Price
What Matters to Investors
What Matters to Investors
How do I make my business less dependent on me?
Module 4 Quiz
Tools and Resources
What's Next?
What's Next?