Module 12: The Envelope Test (Personal Readiness to Exit)

Tutorial There is a lot of great learning in this module. You will start by watching videos on the following topics: -Timing Your Sale

-Your Sell-by Date -What is PRESCORE? -The Freedom Point -FAQs

Personal Readiness In Module 12 the Envelope Test will help you articulate your goals for your business and your life. How would your life be different if you sold your business? What are you aiming toward? These are the types of questions you'll contemplate when completing The Envelope Test.

Why do you want to exit your business? What do you plan to go do after you leave your business? Are you prepared to be flexible with how your exit will be done? How attached are you personally to the future life of your business and the treatment of employees? These key questions are critical to preparing for the eventuality of exit and understanding what this life-changing decision may entail. PREScore Questionnaire Create Personal Readiness Plan We will review and determine the following from these exercises: THE EVNELOPE TEST ACTIONS ITEMS THE ENVELOPE TEST OBSTACLES PERSONAL READINESS HISTORY Freedom Score The Freedom Score evaluates your financial readiness to fund the next phase of your life after your business. Freedom Score calculates your Freedom Point—when the sale of your company will generate enough to fund your desired lifestyle for the rest of your life.

Freedom Score Questionnaire

Example score:

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