Exit Readiness Academy

A one-stop toolkit owners want to start preparing for a successful eventual exit now.

Overview

Welcome to Exit Readiness Academy, an online learning center for business owners who want to prepare and stay on track for their long-term goals (both personal and business).

We know that you're business is successful due to years of planning and hard work. You'd likely agree. Well, as experts in helping business owners be just as successful in their exit as they were in growing their business, we know that achieving your long-term goals also requires years of planning and hard work.

Without planning years in advance, you'll likely hit many unexpected hurdles down the road that could have been avoided with the help of experts in tax, legal, wealth management, accounting, planning, mergers and acquisitions, and much more. While you should start planning now to clarify and achieve your personal goals for your life-after-exit, it can take a lot of time to gather all the information.

We created Exit Readiness Academy as your one-stop toolkit for the information you need to know now to plan for a successful exit (and life-after-exit) later.

Starting now dramatically affects the outcome you reach when you're finally ready to exit. So dive into our assessment, video crash courses, seminars, worksheets, and more. Everything is provided in a consecutive order so that you know what to do and in which order. Ultimately, you'll be able to learn the info you need to know now on your own schedule, wherever you are. Benefit from full access for a one-time price or a 6-month payment plan.

What's included?

Video Icon 34 videos File Icon 21 files Text Icon 1 text file

Contents

Free Assessment: Get a Report on Your Current Readiness for Exit
Start by filling out a questionnaire to get a custom 12-page report on your personal readiness
Crash Course #1: Learn the Process
1. Why does this course exist?
3 mins
2. How will this course benefit me?
2 mins
3. What are misconceptions about exit planning?
2 mins
4. What is exit planning?
2 mins
5. Why is exit planning so important?
6 mins
6. Who needs an exit plan?
3 mins
7. What is the general process for exit planning?
3 mins
8. PHASE ONE: Discovery
8 mins
9. PHASE TWO: Design
8 mins
10. PHASE THREE: Implementation
7 mins
11. How should I apply this knowledge?
2 mins
12. What should I do this week if I'm less 10yrs out?
4 mins
13. What should I do this week if I'm more than 10yrs out?
8 mins
10 Questions For Business Owners
337 KB
Crash Course #2: Secure the Key Ingredients
Introduction to Key Ingredients
2 mins
Key Ingredients
24 mins
Crash Course #3: Ensure an Effective Business Valuation
Business Valuation
25 mins
Crash Course #4: Explore the Exit Routes
Introduction to Exit Routes
3 mins
1. Sale to Co-Owners-Key Employees
11 mins
2. Sale to a Third Party
12 mins
3. Transfer of Ownership to Family Member(s)
7 mins
4. Sale to an Employee Stock Ownership Plan (ESOP)
9 mins
5. Retain Passive Ownership
5 mins
6. Liquidation
7 mins
Next Steps
5 mins
Helpful Assessment Worksheets
393 KB
Ebook: Explore Your Exit Options
"An Exit Ebook"
409 KB
Podcast: Practical Advice from Subject Matter Experts
Episode #1: Business Valuations & Exit Planning
23 mins
Episode #2: Growth Through Acquisition
30 mins
Episode #3: Expensive Mistakes When Buying & Selling Co's
18 mins
Episode #4: Expensive Sentences
19 mins
Episode #5: The Changing Role of an Owner in the Successful Exit of Their Business
23 mins
Episode #6: How Important Are Retirement Plans When Selling Your Business?
19 mins
Episode #7: How Can a Business Owner Better Develop Their Successor?
30 mins
Episode #8: Relevant Habits for a Successful Business Owner Exit
17 mins
Episode #9: The Importance of a Well-Drafted Buy-Sell Agreement
22 mins
Episode #10: Minimizing Risks Related to Data Security and Privacy
36 mins
Episode #11: Knowing Your 'Why' and Preparing for a Successful Exit
23 mins
Episode #12: Captive Insurance Companies
34 mins
Episode #13: Overlooked Employment Risk Areas for Exit Planning
25 mins
Episode #14: Charitable Planning for Transitioning Business Owners
23 mins
White Papers: A Collection of Insights
All ELP White Papers
3.05 MB
Seminars: Talks on Relevant Strategies for Forward-Thinking Owners
Business Continuity
16 mins
The Changing Role of the Business Owner
11 mins
Importance of Clarifying Owner Goals & Objectives
30 mins
Ownership Transfer to Third Parties
18 mins
Integrating Your Exit Plan with Wealth & Estate Goals
11 mins
Pre-Sale Due Diligence
5 mins
Pre-Sale Due Diligence (Worksheet)
398 KB
Stay Bonus and Salary Compensation Plan
8 mins
Methods for Transferring Your Company to Key Employees
28 mins
Non-Qualified Deferred Compensation Plans
17 mins
Phantom Stock Plans
9 mins
Additional Info
Team Bios
Disclaimer

Plan for the Successful Exit You're Hoping For

Pat Ennis is a Certified Exit Planner (CExP®), Certified Financial Planner (CFP®) and Chartered Advisor of Philanthropy (CAP®). Through Exit Readiness, he equips business owners now for a great exit through personal coaching and exclusive content.