Exit Readiness Assessment

Eighteen questions, about five minutes. Your answers go to Gerry Spitzer and Chris Stadler, who will get back to you to talk through where you stand and which exit paths are worth a closer look.

The questions come in five short steps, then your details:

Your business
Your finances
Legacy and control
Family
Planning so far
Your details

There is no score on screen. Gerry or Chris reads your answers and comes back to you personally.

Do you know the current value of your business?Do you know the current value of your business?YesNo, or not sure

When did you last have a formal valuation?When did you last have a formal valuation?Within the last yearOne to three years agoMore than three years agoNever

Roughly what is your company worth?Roughly what is your company worth?Under $5 million$5 million to $20 million$20 million to $50 million$50 million to $100 millionMore than $100 millionNot sure

When would you ideally like to sell or step back?When would you ideally like to sell or step back?Within two yearsIn three to five yearsIn six to ten yearsMore than ten years from now

Do you have enough liquid assets to retire comfortably without selling the business?Do you have enough liquid assets to retire comfortably without selling the business?YesNoNot sure

Roughly what share of your net worth is tied up in the company?Roughly what share of your net worth is tied up in the company?Under 30%30% to 50%50% to 70%70% to 90%More than 90%

Do you work with a financial planner or wealth advisor?Do you work with a financial planner or wealth advisor?Yes, regularlyOccasionallyNo

Would you like to take some value out of the business while keeping control of it?Would you like to take some value out of the business while keeping control of it?YesNoNot sure

How important is leaving a lasting legacy with your business?How important is leaving a lasting legacy with your business?Very importantImportantSomewhat importantNot important

How important is it to keep majority control (more than 50%) during the transition?How important is it to keep majority control (more than 50%) during the transition?Critical: I need to stay in chargePreferred, but negotiableNot important

Who would you ideally like to pass ownership to? Choose any that apply.Who would you ideally like to pass ownership to? Choose any that apply.My employeesMy management teamFamily membersA private equity firmA competitor or strategic buyerWhoever pays the most

Do family members work in the business today?Do family members work in the business today?YesNo

Is there a family member who could take over leadership?Is there a family member who could take over leadership?Yes, and they're interestedPossibly, but it's uncertainNo

Would you like to give stock or ownership to family members?Would you like to give stock or ownership to family members?YesNo

Do you have a contingency plan in case of unexpected death or disability?Do you have a contingency plan in case of unexpected death or disability?YesNo

Do you have a buy-sell agreement in place?Do you have a buy-sell agreement in place?YesNo

How inclined are you toward charitable giving or community impact?How inclined are you toward charitable giving or community impact?Very inclinedSomewhat inclinedNot particularly

Do you have a plan for what you'll do after the sale?Do you have a plan for what you'll do after the sale?YesNo

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Suggested starting point

This assessment is a starting point for a conversation, not tax, legal or investment advice. Your answers come only to Questar.

Exit Readiness Assessment

Private Wealth

Business Owners

Firm