Corporate Performance Group has developed a self-assessment business owners can use to determine how well prepared they are to transition ownership of their company. After you complete the self-assessment, click the Submit button. The results of the assessment will be emailed to you.Name* First Last Company NameEmail* How would you rate the performance of your company?*ExcellentGoodWe need to improveHow will your revenues this year compare to your pre-COVID revenues in 2019?*IncreaseAbout the sameDecreaseHow would your customers rate your products and services?*OutstandingVery goodAverageNeed to improveHow would your competitors rate your company?*Strong competitorAverage competitorWeak competitorWhat are the prospects for the company over the next 3 years?*ExcellentGoodNot sureNot goodWould these prospects be diminished by your absence from the business?*NoNot sureYesWhen do you plan to exit your company?*More than 3 years2 to 3 yearsOne yearLess than 1 yearHow recently have you gotten an independent valuation of your company?*Within the last yearMore than a year agoNeverWho performed the valuation?*Certified business valuation expertBusiness brokerMy tax accountantMy attorneyWas the independent valuation more or less than you think your company is worth?*MoreClose to what I thoughtLessDo you know what could increase the value of your company?*YesNoDo you know what could decrease the value of your company?*YesNoDo you have a plan for maximizing the value of your company before you exit?*YesNo planHow strong is your leadership team?*StrongAdequateWeakHave you picked someone to succeed you?*YesNoDo you have a plan for preparing your successor?*YesNoHow would you rate your company’s employees?*Very goodSome good – some not goodNot effectiveHow would you describe your company’s financial management?*Very goodNeed some improvementWeakIs there a written plan for operating the company if you are unexpectedly incapacitated or leave the business?*YesNoDo you know how much income you will need to meet your financial requirements after you exit the company?*A professional wealth manager helped me determine what I will needI think I know what I will needI don’t know what I will needDo you have a plan for selling or transferring ownership of your company?*YesNoAre you willing to accept less for your company if you sell to a family member or your employees?*YesNoNot sureDo you know the tax impact of selling your company?*YesNoDo you know how much you will have to sell your business for to meet your post-exit financial requirements?*YesNo* Please complete all required fields
