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Take the Designed Destinations Quick Quiz
How prepared are you for your future?
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Rate Your Preparedness
For an indication of where you're at on the road to your Designed Destination, here are a few of the "Final Exam" questions you'll find in the last chapter of my book. Rate your preparedness on a scale of 1 to 5. If you have no idea, give yourself 1 point. If you're well prepared, reward yourself 5 points.
1. Have you established the date (example: January 15, 2022) that you wish to stop working in and for your business?
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2. Do you know how much money you may need, annually, after you leave your business to live a comfortable post-business life?
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3. Do you know what your business is worth today in cash?
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4. How confident are you that, regardless of what you receive from the value of your business, you will have sufficient income-producing assets to meet the needs of your desired “post-business” lifestyle?
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5. Do you have a contingency plan in place should something happen to prohibit you from participating in the business temporarily or permanently?
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6. Can your key management team run your company in your absence?
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7. Do you know which path is optimal for you and your business - selling to an outsider, family member or an outside third-party?
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8. Do you have plans in place to minimize what goes out in taxes and maximizes what stays in your pocket and that of your family?
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