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CEPA Overview – Complete Study Guide (Questions And Answers)
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CEPA Overview – Complete Study Guide (Questions And Answers)
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CEPA Overview – Complete Study Guide (Questions AndAnswers)
What survey indicated that 99% of business owners at least in some way
agreed that "having a transition strategy is important for my future and the
future of my business?"State of Owner Readiness Right Ans - State of
Owner Readiness
It's important to not just tell an owner the right answer, but to ask them the
right question. Which is an example of the "right question" to ask a business
owner client? Right Ans - All of the above
Complete this sentence: A successful exit strategy balances the "____ Legs of
the Stool." Right Ans - Three
What is the cause of "sellers' cold feet" during the sale of a business? Right
Ans - Lack of personal planning
What is the first stage in the "Five Stages of Value Maturity?" Right Ans -
Identify
When ranking a business's intangible capitals, what is the main purpose of
using the common sense scoring of 1-6? Right Ans - It forces you to not
choose "average"
Which style of business owner is more likely to generate better income and
sell at a premium? Right Ans - Value Creator
The four intangible capitals (The 4 Cs) include Human, Structural, Social, and
__ capitals. Right Ans - Customer
An independent personal, financial, and business assessment correlated to
business range of value is referred to as: Right Ans - The Triggering Event
Which of the following is an example of a question owners should be asking
themselves every 90 days? Right Ans - -Do you want to keep growing or do
you want to shift focus to exiting?
-Is your business ready to transition?
, -Which exit options or hybrid options should we consider?
-All of the above
What is the second stage in the "Five Stages of Value Maturity?" Right Ans -
Protect
Value Acceleration is grounded in: Right Ans - Action
Complete the following equation: R/EBITDA x Market Multiple = ______
Right Ans - Value
"Do you want to keep growing or do you want to shift focus to exiting?" is an
example of a question owners should ask themselves every ____. Right Ans -
90 Days
What is the third stage in the "Five Stages of Value Maturity?" Right Ans -
Build
The typical business owner has ____% of their net worth tied up within their
business. Right Ans - 80%
What is a benefit of prioritizing wealth management for a business owner?
Right Ans - Tax efficiency
Insurances in place (Risk Management)
Structured cash flow
All of the above
Life insurance, health insurance, and product liability insurance all fall under
which section of the financial planning process? Right Ans - Risk
Management
Which of the following best describes the components of integrated wealth
management for individuals? Right Ans - Retirement planning, risk
management, estate planning, portfolio management
The distance between your client's current net worth and their financial goal
for post-business retirement life is referred to as the: Right Ans - Wealth
Gap
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