This course will provide you with an understanding of all of the transition options available to you and what it means to be transition ready. Learning the ins and outs of your options now, creates a much higher probability of you choosing the option that leads to your success when the time comes to begin your next chapter.  



You will learn about:

  • The transition options available to you and what it means to be transition ready 
  • How to identity the value drivers and killers in your business
  • How understanding your business's true value can help you run your business efficiently, right away
  • Different transition pathways and their relationship to value determination 
  • How to look at your business from a buyer or investor's perspective
  • How to see the holistic and balanced perspective of your business   

Also included

RFN Spotlight Assessment

All registrants will receive access to an interactive assessment that will help owners and leaders understand top value and growth opportunities in the business.

Course Outline

    1. Instructor Welcome

    2. Learning Objectives

    3. Navigating the Course

    1. Fundamentals of Transition Readiness Outline

    2. Fundamentals of transition readiness

    3. What does it mean to be transition ready?

    4. How transition ready are you?

    5. Transition Readiness Scorecard (downloadable)

    6. Three Legs of the Stool

    7. Three Legs of the Stool

    8. Life After Business

    9. Life After Business

    10. Life After Business Exercise

    11. Life After Business Self Guided Workbook

    12. The Pacman

    13. The Pacman

    14. Readiness Calculus

    15. Readiness Calculus

    16. Planning Competencies and Processes

    17. Planning Competencies and Processes

    18. Operational Excellence

    19. Operational Excellence

    20. Financial Efficiencies

    21. Financial Efficiences

    22. Risk Management

    23. Risk Management

    24. Continuity of Operations, Team and Knowledge

    25. Continuity of Operations, Team and Knowledge

    26. How do I make my business less dependent on me?

    27. How do I make my business less dependent on me?

    28. How owner dependant is your business?

    29. How dependent is your business?

    30. Tools and Resources

    1. What are your transitions options?

    2. Transition Options

    3. Transition Options Overview

    1. Internal Transition Options

    2. 1. Intergenerational Transfer

    3. Intergenerational Transfer

    4. Interview with a family business and organizational consultant

    5. Intergenerational Transfer

    6. 2. Management Buy-out

    7. Management Buy-out

    8. Management Buy-out

    9. 3. Partnership Transfers

    10. Partnership Transfer

    11. Partnership Transfer

    12. 4. Employee Ownership

    13. Employee Ownership

    14. Employee Ownership

    15. Employee Stock Ownership (ESOP) - Valuation, Leaving and ESOP and Participant Rights

    16. Employee Stock Ownership Plan (ESOP)

    17. Employee Stock Ownership Plan (ESOP)

    18. Employee Stock Ownership Plan (ESOP)

    19. Internal Transition Options Quiz

    1. External Transition Options

    2. External Transition Options

    3. 5. Private Equity

    4. Private Equity

    5. Private Equity

    6. Interview with a private equity partner

    7. 6. Strategic Buyer

    8. Strategic Buyer

    9. Strategic Buyer

    10. 7. Recapitalization

    11. Recapitilization - Pros and Cons

    12. Recapitalization

    13. Recapitalization

    14. 8. Orderly Liquidation

    15. Orderly Liquidation

    16. Orderly Liquidation

    17. External Transition Options Quiz

    1. 9. Hybrid

    2. Hybrid

    3. Hybrid

About this course

  • $799.00
  • 95 lessons
  • 5.5 hours of video content

What's included

  • Transition Assessments

    Ready For Next developed an assessment to gauge how ready you are to transition your business.

  • Tools and Resources

    Tools and Resources developed for you to better understand the transition options available to you.

  • Extras

    Access to a private community of owners and access to live group sessions with our experts.

Instructor

Partner, Strategic Development and Partnerships (USA) Sean Hutchinson,

CEPA, CMAA

Over Sean Hutchinson’s 30 years in business, the most valuable lessons he has learned have been from business owners who generously shared their stories of success and struggle. Sean’s primary focus is strategy and growth. He helps owners and their leadership teams to imagine what being a ‘company of the future’ looks like for them, and then helps them achieve it.

Other programs you might be interested in

View more courses