Having worked with hundreds of small business owners over the past decade, I have found that there are some common themes that come up repeatedly in my research, planning, and coaching. They are: ⛔ For most owners, their business represents between 50-90% of their total net worth. ⛔ Two out of every three business owners admit that they are not familiar with their exit options; and most have no idea how to monetize the value of a lifetime of hard work and sacrifice. ⛔ 78% of owners indicated that they had no formal transition team; approximately 80% had no written transition plan; and roughly half admitted they had done no succession planning at all.And when it does come time for a business owner to transition, many are distraught to realize that: ⛔ 8 out of 10 businesses that are put on the open market will not sell. ⛔ Of those that do sell, many achieve a lower multiple, or sale price, due to factors that include poor, or nontransferable, intangible assets. ⛔ And 75% of business owners who have sold their business reported experiencing “profound regret” one year after selling.𝐃𝐞𝐬𝐭𝐢𝐧𝐚𝐭𝐢𝐨𝐧 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐟𝐨𝐫 𝐌𝐚𝐢𝐧 𝐒𝐭𝐫𝐞𝐞𝐭 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐎𝐰𝐧𝐞𝐫𝐬 Frustrated at seeing these results, I spent years repurposing a planning methodology that I had developed during a decade of service in the United States Air Force; during which time I served as a C-130 Pilot, and Combat Mission Commander. Today, I use this methodology to assist business owners in answering the following questions: ✈ Where is your business taking you? ✈ Who’s coming with you on the journey? ✈ What knowledge and resources are required to reach your destination? ✈ What are the threats that will prevent your successful arrival?This is accomplished through a 3-phase collaborative process: 📈 𝑨𝒔𝒔𝒆𝒔𝒔𝒎𝒆𝒏𝒕 of the owner’s current personal, financial, and business readiness using a PreScore, Freedom Score, and Value Builder Score. 📈 𝑨𝒍𝒊𝒈𝒏𝒎𝒆𝒏𝒕 of the owner’s business, financial, and personal needs while working to identify, protect, grow, harvest, and manage the value of their business. 📈 𝑨𝒄𝒄𝒆𝒍𝒆𝒓𝒂𝒕𝒊𝒐𝒏 of enterprise value by focusing on improvement of 8 Key Drivers to attain a best-in- class industry multiple, and maximum valuation.To learn more, feel free to DM me or visit our website at www.flightplanstrategies.com.* Statistics taken from the Exit Planning Institute's Annual State of Owner Readiness Reports.