The Personal Readiness Assessment for Business Owners and Real Estate Owner/Operators is a self assessment tool designed to help determine the odds of experiencing financial success before AND after selling a business/asset. It is meant to be a common sense approach. The questions were developed from a potential buyer's perspective.

1. Don't Overthink
2. Be Honest/Candid (with yourself). There is NO benefit from self-deception.
3. Remember...champions/winners WANT to keep score!
4. We cannot change what we’re not aware of, and once we’re aware, we cannot help but change.

To succeed....proceed!

Interests outside of the business. Personal goals and objectives defined and written. Integrated Personal and Financial plans

State of the owners Personal Financial Plan

Level of estate and tax planning completed

Understanding of net proceeds of each exit option

Level of awareness/planning of spending/income requirements

Level of dependency on the business for income

How well do owner(s) understand transition process

Degree to which the transition team is defined and engaged

Personal contingency plan, buy-sell and appropriate insurance

Knowledge of pros and cons of exit options and deal structures

Level of family discussions, meetings

Thank you for completing the assessment. It's the first step to improving the odds of achieving a more desirable outcome. If you would like to schedule a complementary discussion with a member of the IAG team, please use the below scheduling link.