1. It is difficult for competitors to enter our market.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

2. We are well positioned and well regarded in our market.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

3. Our earnings are strong and consistent.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

4. Our information and accounting systems are robust enough for our needs and can provide up to date information.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

5. We have documented operating systems, procedures, job descriptions, and controls.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

6. Our business relationships are transferrable (not dependent on any one person).

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

7. Most of our revenue is recurring.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

8. Customer retention for the last five years is high.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

9. No customers represent more than 10% of revenue.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

10. We are not overly reliant on any one supplier.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

11. We have a current strategic business plan for the Company.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

12. I have a growth strategy that aligns with my exit.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

13. We know our competitive advantage and leverage success from it.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

14. We are making every effort to maximize profits.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

15. I have a team to assist me in my exit planning (including a CPA, attorney, financial advisor, etc.).

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

16. I am aware of my different exit options.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

17. I have a plan for my next phase of my life.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

18. I know how much money I will need in retirement.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

19. I understand the tax implications of selling a business.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

20. I have a good idea of what my business is worth.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

21. We evaluate risks and create action plans to mitigate them.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

22. We have contingency plans in place for unexpected events.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

23. Our assets, including intellectual property, are protected/safeguarded (insurance, security, etc.).

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

24. We have a management system in place that allows the company to function smoothly even when I'm not directly involved.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

25. My employees are skilled, motivated, and well compensated.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

26. With our current employees, we have capacity to take on more customers.

  • Strongly Disagree
  • Disagree
  • Neutral
  • Agree
  • Strongly Agree

If you want to score your company on its ability to exit, please send me a LinkedIn message and I will send you a link to the diagnostic.