APPLY FOCUS: Commit Yourself...Today...to a Proven Process that Works
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A 13 Step ... Action-Oriented Process to Prepare and Sell Your Business
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| Step | INCREASE YOUR WEALTH with the POWER of YOUR BUSINESS | PROCESS PHASE | |
| 1 | A ssessment & Diagnois (Identify Problems and Value Drivers) | Analysis & Planning | |
| 2 | P repare a Strategic Plan (Action Outline to address the Market) | ||
| 3 | P repare a Business Plan (Tactically Implement Strategies) | ||
| 4 | P repare a Succession Plan (Develop People and Options) | ||
| 5 | P repare a Financial Plan (Understand Your Personal Future) | ||
| 6 | P repare an Estate Plan (Understand Your Family Legacy) | ||
| 7 | L earn to Integrate & Implement Plans (Measure to Meet Objectives) | Implementation & Measurement | |
| 8 | Y ield Assessment on Investments (Return on Efforts & Investments) | (ROE/ROI) | |
| 9 | F inalize Balance Sheet Positioning (Efforts to Improved Asset Mix) | ||
| 10 | O perate to Improved Performance (Enhance Value Drivers) | ||
| 11 | C omplete Systems Documentation (Know Value Growth Processes) | Ownership Transition | |
| 12 | U se a Buyer Search Process (Establish Target for Price/Terms) | ||
| 13 | S ystematically Negotiate to Close (Balance Risks for Target Results) | ||
The table shows the 13 steps to develop a more valuable business and position it for an optimal ownership transition on your terms and your time table.
And...be aware that there are 13 major steps within the ownership transition process designated as 1 through 13 in Appppplying Focus!
It is important to find the right advisor to guide you from the time of initial preparation through a successful closing. These experienced professionals can make a significant difference in the results...and keep you out of trouble.