Exit Planning Survey Header

2011 Survey of Closely Held Business Owners: The Exit Planning Process
RequiredRequired Question(s)

This survey is 18 questions. It should take no longer than 5-10 minutes to complete.

 
Required 1.

Your Information:


First Name:
Last Name:
Company Name:
Email Address:
emailaddress@xyz.com

2.

Your Age:

20-29
30-39
40-49
50-59
60-69
70-79
3.

Age of Company:

0-5
6-10
11-20
21-30
31-50
51+
4.

Industry:

Manufacturing
Wholesale/Distributor
Business Services
Real Estate
Technology
Healthcare
Finance
Automotive
Other  
5.

2010 Revenues (approx.):

$0-1M
$2-5M
$6-10M
$11-20M
$21-50M
$51-100M
$101M+
6.

Full-Time Employees:

1-5
6-10
11-20
21-30
31-50
51-100
101+
7.

Do you plan to hire any new employees in the next 12 months?

Yes
No
8.

Type of Entity:

C Corp
S Corp
LLC
Partnership
Other  
9.

How is ownership distributed?

 1-25% 26-50% 51-75% 76-100% NA 
Owner #1 (you)
Owner #2
Owner #3
Owner #4
  • Comment:

  • 500 characters left.
10.

What is your intended exit strategy? (may select more than one response)

Sale to a third party
Sale or transfer to family member(s)
Sale to management (management buyout)
Wind down business upon your retirement
Merge and stay
Merge and leave
IPO
ESOP
Don't know
Other  
11.

Ideally, when would you like to exit your business?

1 year
2-5 years
6-10 years
11+ years
Don't know
Other  
12.

How would you describe the attention you have given to your exit strategy up to this point?

Substantial
Moderate
Minimal
None
13.

Which of the following business-related activities do you consider to be important to your exit strategy?

 Don't Know Not Important Important Critical  
Developing a written succession plan  
Grooming internal successor(s)  
Hiring potential successor(s) to key management  
Discussing exit/succession plans with family members who are not in the business  
Obtaining a business valuation  
Hiring a broker/investment banker to sell business  
Seeking financing for internal or external buyers  
Other (please list below)  
  • Comment:

  • 500 characters left.
14.

Which have you taken steps to complete?

 Not Applicable Not Completed Begun or Completed but not-up-to-date Completed  
Developing a written succession plan  
Grooming internal successor(s)  
Hiring potential successor(s) to key management  
Discussing exit/succession plans with family members who are not in the business  
Obtaining a business valuation  
Hiring a broker/investment banker to sell business  
Seeking financing for internal or external buyers  
Other (please list below)  
  • Comment:

  • 500 characters left.
15.

Which of the following financial-related activities do you consider to be important to your exit strategy?

 Don't Know Not Important Important Critical  
Executing a buy-sell agreement  
Discussing career goals, financing strategies with potential successor(s)  
Implementing stock bonuses  
Making stock gifts  
Implementing an employee stock purchase plan  
Personal retirement planning  
Other (please list below)  
  • Comment:

  • 500 characters left.
16.

Which have you taken steps to complete?

 Not applicable Not Completed Begun, or Completed but not-up-to-date Completed  
Executing a buy-sell agreement  
Discussing career goals, financing strategies with potential successor(s)  
Implementing stock bonuses  
Making stock gifts  
Implementing an employee stock purchase plan  
Personal retirement planning  
Other (please list below)  
  • Comment:

  • 500 characters left.
17.

Which of the following are obstacles to your exit strategy?

 Not an Issue Somewhat of an Obstacle Significant Obstacle   
Lack of experienced/qualified management candidates internally   
Lack of financing for purchase by employees   
Current value of business won't meet owner(s) retirement goals   
Business has not yet reached full potential   
Potential conflicts among employees and/or family members   
Lack of qualified buyers   
Too busy running the business   
Don't know how to start   
Other (please list below)   
  • Comment:

  • 500 characters left.
18.

Do you know any other business owners that might want to participate in this survey and receive a copy of the final report?

 

Name and Company:

 

50 characters left.

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