Take the Keep or Sell Test as featured on News Talk 1010 Radio

Knowing when to act and when not to act is a key component in all important decisions. Likewise, knowing when to keep your business and when to sell it can make a significant difference in the success of your exit and your future financial security. Take the following test and find out if the timing is right to keep or sell.

Have you had your company valued by an independent, knowledgeable party?

 Yes No

Have you and your financial advisor determined how much money you would need to invest to support your current life style if you retired?

 Yes No

Are you able to take a vacation and not call the office for a week or more at a time?

 Yes No

What is the primary source of new business for your company? (select only one)

What has been the trend for your revenues and profits over the last five years?

What are your annual sales?

Do you have a specific plan regarding what you would like to do after you sold your business? (playing more golf doesn’t count)?

 Yes No

Do your top 5 customers account for more than 30% of your revenues?

 Yes No

Have you identified which exit option is the most appropriate for you?

 Yes No

Do you know how much you would net from the sale of your business (after taxes and transaction fees)

 Yes No

Do you have job descriptions for each of your key employees?

 Yes No

Have you documented your office, service, manufacturing, and marketing processes?

 Yes No

How is your health?

How is your energy level?

Have you set a date for when you would like to retire?

 Yes No

What is the outlook for your industry?

All information on this form is kept strictly confidential and will not be shared or sold to others.

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