Exit Plan of Orange County and ExitMap® Express™
The first step in a journey is to decide how you will get there. For that, you need a map. The map doesn’t tell you how to go. It quantifies your options. How long will it take? What roads should you use? If you take a side trip, how far out of your way must you go? Can you get there in the time you anticipated, or do you need to plan for contingencies? Exit Plan of Orange County utilizes ExitMap® Express™ to help owners examine their options.
Examining Your Exit Options
At Exit Plan of Orange County, we utilize the ExitMap® Assessment© in conjunction with the ExitMap® Express™ System to provide cost effective planning for business owners.
Designed for companies with Revenue less than $50M and fewer than 100 employees; it can be completed in just 90 days. The 9 step process is driven by standardized tools and technology which specifically focus on the exit options that align with the goals of smaller business owners.
Planning isn’t the same as implementation. Creating a plan doesn’t force you into a specific time frame, but having defined objectives will materially influence your future business decisions. The first step is to understand your options. The implementation schedule is up to you.
We want to help you define your goals so that you can plan an exit on your own terms, in your own timeframe and with the compensation you deserve.
Let’s get started! Complete a free ExitMap® Assessment© to receive a customized report detailing your current level of exit preparedness.
The ExitMap® Express™ Process
A Cost Effective Exit Planning System for Small Business
Responsibility Key
➤ Client Responsibility
➤ Advisor Responsibility
➤ Joint Exercise
Module 1
Discovery: Video Conference #1 (90 minutes)
➤ a. ExitMap® Assessment© Debriefing (full Analysis© review)
➤ b. Business Baseline© Interview
➤ i. Key employee information
➤ ii. Processes and Systems
➤ iii. Client’s advisor team
➤ c. Discuss client’s initial objectives
➤ d. Review Documentation Checklist
Module 2
Data Submission
➤ a. 3 years financial statements (P&L, Balance sheets)
➤ b. 3 years company tax returns
➤ c. Personal balance sheet/financial statement
➤ d. Company structure, ownership and governance documentation
➤ e. Complete the Owner Centricity Quiz© (15 minutes, online submission)
Module 3
Financial Analysis: Video Conference #2 (90 minutes)
➤ a. Complete Cash Flow Calculator©: SDE and EBITDA (online joint exercise)
➤ b. Complete Cash Flow Illustrator© (prefilled by advisor except for SDE)
➤ c. Seller’s Sanity Check© (online illustration and discussion)
➤ d. Distance to Goal Guesstimator and Triangulation© (online illustration and discussion)
Module 4
Life After the Business
➤ a. Watch “The Five Roads to a Business Exit” video (5 minutes)
➤ b. Personal Vision Worksheet© (electronic form submit to advisor)
i. Life and Retirement objectives
ii. Charitable/Community objectives
iii. Legacy objectives
Module 5
Operational Analysis: Video Conference #3 (2 hours)
➤ a. Complete Management Succession Worksheet© (electronic form)
➤ b. Owner Centricity© Quiz and Management Succession© debriefing
➤ c. Valuation opinion and industry comparative values (prepared by advisor)
➤ d. Review Personal Vision Worksheet©
➤ e. Finalize client objectives for timing, method and proceeds.
Module 6
Initial Plan Design
➤ a. Overview of Plan elements (submitted by advisor)
Module 7
Plan Presentation: Video Conference #4 (60 minutes)
➤ a. Review plan for acceptability
➤ b. Discuss alternatives and modifications
➤ c. Discuss management development needs
Module 8
Plan Documentation with Action Items for Implementation
➤ a. Complete Plan with Action Items and submit for client review
Module 9
Final Acceptance by Client: Video Conference #5 (60 minutes)
➤ a. Review Final Plan for acceptance
➤ b. Discuss Action Items and Next Steps
Get Started with your FREE Readiness Assessment!
The ExitMap® Assessment© examines your exit preparedness in four key categories; Operations, Planning, Finance and Revenue/Profit. The multiple-choice questionnaire produces a 12-page summary report that is emailed to you without obligation. You will not be asked for any sensitive information. After receiving your report, we will contact you to schedule a follow up debriefing to discuss your exit preparedness. Start here.