Key Exit Considerations
Bee Oak helps business owners and entrepreneurs align their personal values, financial goals, and business priorities to achieve best-in-class performance—and greater control over their choices and options.
The questions below are designed to frame the paths and solutions that help you grow, protect, and / or transition your business with confidence and control.
Two Ways to Engage
You have two options for how to use these questions:
Option 1 –
Reflect Privately
Use the questions below as a personal checkpoint. Consider what’s true today, what’s uncertain, and what needs attention.
Option 2 –
Share Your Answers Confidentially
If you’d like, you can answer these as yes/no questions and add comments. We’ll keep your responses confidential and contact you to discuss what they may mean for your journey.
Key BUSINESS ConsiderationS
Value + Financial Clarity
- Do you know your business’s value?
- Do you know the difference between your tax earnings and your real earnings?
- Do you know your personal Wealth Gap?
- Do you know how much income you need after the sale?
Priorities + Legacy
- Is there something more important to you than the proceeds from selling?
- Is there a part of your legacy that must be preserved if at all possible?
- What is important to you about your business’s legacy?
People + Continuity
- Are there non-financial/equity stakeholders whose welfare figures into the plan?
- Is your family on board with this?
- Can you be replaced?
- Are there key employees whose participation is critical to success?
Life After the Exit
- How will your assets be protected?
- Have you created options for your family’s future?
- What does a valuable and fulfilling post-exit life look like?
- What will you do when you no longer own your business?
The Questions Most Owners Avoid
For many entrepreneurs and business owners, those last few questions are the real stumper.
If you can’t answer them clearly and comfortably, your next-best-life plan may fail—because “failure” is exiting and then regretting it. And what is the point of that?