BEGIN WITH THE END IN MIND
Business Consulting and Benchmarking
Tools & Resources
What's Your Number Calculator
During my presentation "Begin With The End In Mind" I introduce the What's Your Number Calculator. This simple, yet powerful, tool is designed to continually benchmark your progress toward financial independence. My discipline is to review my spreadsheet with my wife and business partner every year.
Readiness Assessment
This exercise will assist you in understanding how others perceive your business and brainstorm steps that you can take to improve your company’s financial position, industry standing and internal workings, as well as your capacity to move on from your business. Use the section on the right to list comments and actionable items.
Due Diligence Checklist
Potential buyers will want to explore all aspects of your business. Use this due diligence checklist to prepare yourself for the process. Even if you are planning to sell your business several years from now, a buyer may appear with an unsolicited offer at any time and this preparation will enable you to meet their requests quickly and easily without requiring a significant time commitment.
Some of these documents you will have; some you may not. Take your time to gather all of these files. Several of them, such as Articles of Incorporation, will not need to be updated. Other items, such as the Balance Sheet and P&L, should be updated on a rolling 12-month basis. Put them in a central location, whether electronically or on paper, so they can be easily accessed at the right time. An additional benefit to this is that it makes you appear prepared and organized, reflecting favorably on your business. If your Due Diligence Checklist is complete, you are ready to exit – at least from a process standpoint.
If you have any questions, feel free to reach out to us.
About Chris Bouck
As a founder and principal at SDR Ventures, Chris works closely with clients executing mergers and acquisitions, securing equity and debt financing and implementing strategic initiatives aimed at maximizing shareholder value. He has 25 years of experience in strategic and transaction advisory services along with the Series 24, 62, 63 and 79 securities licenses. Chris is also a founding partner at Coulton Creek Capital and BlackBook, Inc.®
Chris is a Vistage speaker and member. He serves as a board member for the Boy Scouts of America Denver Area Council and the Colorado Fourteeners Initiative. He is a CPA (inactive) and started his career at Deloitte & Touche after graduating from the University of Illinois.
Chris lives in Denver with his wife and triplets (who just recently graduated college and are all beginning their careers) and is working towards climbing the last seven to finish all 54 of the 14,000 foot mountains in Colorado.