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Download the Planning Template and work to complete it as you listen to the presentations in each section.

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Your owner-based goals (financial, values-based, legacy) are foundational for the design and implementation of a successful exit plan. This section will help you in clarifying and establishing your goals.

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An essential element of a successful exit plan is an accurate financial gap analysis. You need to know if there is a financial gap between what everything you have now is worth, and how much $$$$ you will require when you exit. Most small business owners will need to fill the gap with growing the value of the business.

","blocks":[{"id":27508,"icon":"video","title":"Learn about estimating the value of your business ","length":"25 mins","filesize":"106 MB","preview":false,"download":false,"buttonText":{"preview":"Preview","view":"View"},"urls":{"visit":"/view/courses/https-learnexitreadinesscom-era/12155-2-do-you-know-how-much-you-will-need-when-you-leave-the-business-is-there-a-financial-gap/27508-learn-about-estimating-the-value-of-your-business"}},{"id":76979,"icon":"content-text","title":"Find out how much money you will need with a personal financial needs analysis","length":null,"filesize":null,"preview":false,"download":false,"buttonText":{"preview":"Preview","view":"View"},"urls":{"visit":"/view/courses/https-learnexitreadinesscom-era/12155-2-do-you-know-how-much-you-will-need-when-you-leave-the-business-is-there-a-financial-gap/76979-find-out-how-much-money-you-will-need-with-a-personal-financial-needs-analysis"}}]},{"id":27987,"default":false,"name":"Assessment: Personal Financial Needs Analysis ","description":"","blocks":[{"id":76981,"icon":"cloud","title":"Personal needs analysis calculator","length":null,"filesize":null,"preview":false,"download":false,"buttonText":{"preview":"Preview","view":"View"},"urls":{"visit":"/view/courses/https-learnexitreadinesscom-era/27987-assessment-personal-financial-needs-analysis/76981-personal-needs-analysis-calculator"}}]},{"id":27990,"default":false,"name":"3. Do you have a documented plan for continuing the business if you were to unexpectedly die or become disabled?","description":"

For most business owners and their families, it will be important for the business to continue if the owner is unexpectedly unavailable due to death or permanent incapacity. It is important to plan now.

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WHICH EXIT ROUTE WILL BEST ACCOMPLISH YOUR GOALS?","description":"","blocks":[{"id":17421,"icon":"video","title":"An introduction to different options for exiting your business","length":"3 mins","filesize":"11.4 MB","preview":false,"download":false,"buttonText":{"preview":"Preview","view":"View"},"urls":{"visit":"/view/courses/https-learnexitreadinesscom-era/8206-4-which-exit-route-will-best-accomplish-your-goals/17421-an-introduction-to-different-options-for-exiting-your-business"}},{"id":17420,"icon":"video","title":"1. Sale to co-owners or key employees","length":"11 mins","filesize":"44.6 MB","preview":false,"download":false,"buttonText":{"preview":"Preview","view":"View"},"urls":{"visit":"/view/courses/https-learnexitreadinesscom-era/8206-4-which-exit-route-will-best-accomplish-your-goals/17420-1-sale-to-co-owners-or-key-employees"}},{"id":17424,"icon":"video","title":"2. Sale to a third-party buyer","length":"12 mins","filesize":"45.6 MB","preview":false,"download":false,"buttonText":{"preview":"Preview","view":"View"},"urls":{"visit":"/view/courses/https-learnexitreadinesscom-era/8206-4-which-exit-route-will-best-accomplish-your-goals/17424-2-sale-to-a-third-party-buyer"}},{"id":17419,"icon":"video","title":"3. Transfer of ownership to family member(s)","length":"7 mins","filesize":"24.2 MB","preview":false,"download":false,"buttonText":{"preview":"Preview","view":"View"},"urls":{"visit":"/view/courses/https-learnexitreadinesscom-era/8206-4-which-exit-route-will-best-accomplish-your-goals/17419-3-transfer-of-ownership-to-family-member-s"}},{"id":17422,"icon":"video","title":"4. Sale to an employee stock ownership plan (ESOP)","length":"9 mins","filesize":"35.1 MB","preview":false,"download":false,"buttonText":{"preview":"Preview","view":"View"},"urls":{"visit":"/view/courses/https-learnexitreadinesscom-era/8206-4-which-exit-route-will-best-accomplish-your-goals/17422-4-sale-to-an-employee-stock-ownership-plan-esop"}},{"id":17765,"icon":"video","title":"5. Retain passive ownership as an absentee owner","length":"5 mins","filesize":"19.3 MB","preview":false,"download":false,"buttonText":{"preview":"Preview","view":"View"},"urls":{"visit":"/view/courses/https-learnexitreadinesscom-era/8206-4-which-exit-route-will-best-accomplish-your-goals/17765-5-retain-passive-ownership-as-an-absentee-owner"}},{"id":17418,"icon":"video","title":"6. Liquidation","length":"7 mins","filesize":"24.4 MB","preview":false,"download":false,"buttonText":{"preview":"Preview","view":"View"},"urls":{"visit":"/view/courses/https-learnexitreadinesscom-era/8206-4-which-exit-route-will-best-accomplish-your-goals/17418-6-liquidation"}},{"id":17423,"icon":"video","title":"Next Steps","length":"5 mins","filesize":"21.6 MB","preview":false,"download":false,"buttonText":{"preview":"Preview","view":"View"},"urls":{"visit":"/view/courses/https-learnexitreadinesscom-era/8206-4-which-exit-route-will-best-accomplish-your-goals/17423-next-steps"}}]},{"id":23107,"default":false,"name":"Assessment: Your Exit Route","description":"","blocks":[{"id":252062,"icon":"file-default","title":"Pre-Sale Due Diligence Checklist","length":null,"filesize":"1.09 MB","preview":false,"download":false,"buttonText":{"preview":"Preview","view":"View"},"urls":{"visit":"/view/courses/https-learnexitreadinesscom-era/23107-assessment-your-exit-route/252062-pre-sale-due-diligence-checklist"}},{"id":169635,"icon":"file-default","title":"The Exit Routes Ebook","length":null,"filesize":"641 KB","preview":false,"download":false,"buttonText":{"preview":"Preview","view":"View"},"urls":{"visit":"/view/courses/https-learnexitreadinesscom-era/23107-assessment-your-exit-route/169635-the-exit-routes-ebook"}}]},{"id":27988,"default":false,"name":"5. 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With the ExitMap® Assessment score yourself in these four key planning areas: 1) Finance. 2) Planning. 3) Profit/Revenue. 4) Operations.

The assessment takes about 15 minutes to complete, and requests no confidential information.

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