Exam (elaborations)
CEPA Session 1 – Questions And Proper Solutions
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CEPA Session 1 – Questions And Proper Solutions
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CEPA Session 1 – Questions And Proper Solutions"Having a transition strategy is important both for my future and for the
future of my business" is a statement that _____% of business owners agree
with Right Ans - 99%
_____% of business owners have done no planning at all Right Ans - 48%
Exit Planning is good __________ Right Ans - Exit planning is good business
strategy
75% of business owners profoundly regret selling their business just..
because.. Right Ans - one year after selling
..they had no plans on what to do next
The three stages of the EPI Value Acceleration Methodology are: Right Ans
- Discover, Prepare, and Decide
We need to move away from "accounting behavior" where we just tell clients
the right answers, and move towards _______ behavior, where advisors ask
owners the right questions Right Ans - Intriguing Behavior
CEPA's who don't actually charge for exit planning services are in the Type
category of __________ and _________ Right Ans - Engagers and Collaborators
The CEPAs who charge for CEPA exams (usually consultants, accountants)
that manage the value acceleration model are in the Type category of _____
advisors Right Ans - Value
Exit planning is ____________ tense Right Ans - Exit planning is present tense
Business is ___________ Right Ans - Personal
Plans must be grounded in _______ Right Ans - Action
The three pillars of exit planning are: Right Ans - 1: Awareness
2: Team Play
3: Process
, Exit Planning combines the ______, _____, _____, and _____, into a clear, simple _____
to build a business that is _____ through strong human, structural, customer,
and social capital. The future of you, your family, and your business are
address by focusing on creating value _____ Right Ans - Exit Planning
combines the Plan, Concept, Effort, and Process into a clear, simple Strategy to
build a business that is Transferable through strong human, structural,
customer and social capital. The future of you, your family, and your business
are addressed by focusing on creating value Today.
The to types of business owners are _____ business owners and _____ _____
Business Owners Right Ans - Lifestyle and Value Creator
_____ business owners have good income Right Ans - Lifestyle
_____ _____ business owners have next-level income as they are _____-_____-_____
Right Ans - Value Creator business owners have next-level income as they are
best-in-class
Business that struggle to be sold are _____ businesses Right Ans - Lifestyle
(typically liquidation value)
Business that sell at a premium are _____ _____ businesses Right Ans - Value
Creator
Lifestyle businesses are owner _____ Right Ans - owner dependent
Value Creator businesses, the owner is _____ Right Ans - independent
The owner's identity is tied to the business with a _____ business Right Ans -
Lifestyle
Value Creators see their business as an _____ Right Ans - Asset
5 - 4 - 3 - 2 - 1.
5, Stages of the _____ _____ _____
4, The 4C's, ____ _____
3, Three Legs of the _____
2, Concurrent Paths of _____ _____
1, Goal = _____ Right Ans - 5, Stages of the Value Maturity Index
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