Preferred Business Type: Service or Mfg
Line of Business: B2B Services, Light Mfg., Publishing, Property Mgt. or Transportation
Location: Connecticut, Western MA
Estimated Annual Sales: $750k - 1.5 million
Preferred Business Type: Manufacturing
Line of Business: Plastics, Chemicals, Metals, Electronics
Location: Central or Northern Connecticut, Metro Boston, Southern MA, RI
Estimated Annual Sales: $2 -4 million
Three steps to process:
High Altitude Assessment: Focus on Enterprise Value
a. Identify general business strengths and weaknesses
b. Identify connections and interactions
c. Identify chain of information reporting to owner
Deliverable: visual plan, metrics, gauges to show status.
Low Altitude Assessment: Major step toward exit plan.
a. Identify and measure Business Vital Signs: Focus on Asset Value
i. Operations
ii. Financials
iii. Sales Pipeline
iv. Delivery Pipeline
b. Add Metrics and Accountability
Add Professional Advisors: Focus on Strategy, Objectives and Exit
i. Accountant
ii. Lawyer
iii. Wealth Management/Estate
iv. Chairman/Business Owner
v. BTA
b. Add Metrics and Accountability
Deliverable: visual plan, metrics, gauges to show status.